
SELLING YOUR PROPERTY
Selling your Property
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Prepare your house to make a best possible first impression with the potential buyer (see tips elsewhere on this web site)
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Decide on best way to sell property, by considering various estate agents, advertising offered by private seller, media 24 and agent.
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If agent(s) are appointed, negotiate agent's commission payable on sale transaction.
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Obtain various certificates required to sell property these are:
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Electrical compliance certificate
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Original title deed (if applicable)
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Gas certificate (if applicable)
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Borehole certificate (if applicable)
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NHBRC certificate if new property.
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Consider sale offer from potential buyer and sign offer if accepted.
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The sale transaction should explain at least the following elements of the sales contract:
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The agreed price for the property.
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The rental agreed if seller or buyer will rent property from the other party before transfer.
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The agents commission applicable.
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Occupation date.
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List property defects.
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Appoint transfer attorney and forward sale agreement to transfer attorney.
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Furnish Fica and other documents to transfer attorney.
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Furnish bond account details to transfer attorney.
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Give notice to mortgage bank of intention to cancel bond.
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Maintain property until date of registration.
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Maintain bond installments until date of registration.
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Maintain property insurance until date of registration.
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Ensure that rates account is up to date and electrical and water meter are in good working condition.
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Request rates clearance figures from council.
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Ensure any outstanding tax queries are addressed with SARS.
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Sign transfer documents with transfer attorney.
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Furnish transfer attorney with banking details for payment of proceeds.
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Make payment of the rates clearance figures to the transfer attorney. It remains the duty of the seller to obtain his refund from the council.
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Make payment of the levy clearance figures/home owners association clearance figures (if applicable) to the transfer attorney.
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After registration of transfer ensure accounts are closed at local council.
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After registration change or close insurance on property.