Blue Skies Ahead for Property? Be Prepared with this Buyer’s Checklist
“Don’t wait to buy land, buy land and wait.” (Will Rogers) Summer’s a great time to look for property. With the year winding down and the holiday season upon us, many sellers who’ve been holding back are now putting their properties back onto the market, so expect to see some great new buys out there. […]
Waiving the Bond Clause to Keep a Sale Alive: Risk Versus Reward
What happens if a buyer can’t get a mortgage bond as specified in the sale agreement but still wants to continue with the sale on a cash basis? In an ideal world, the buyer waives the bond clause, the sale survives, and both parties reap the rewards. But there are also risks involved if the process isn’t handled correctly. As seen in a recent case where a buyer wanted his R1m deposit back after a sale collapsed. The seller said the buyer had waived his rights, while the buyer argued that the sale was as dead as a Monty Python parrot after the bond clause deadline had expired. Let’s see what happened in court …
Home Buyer loses R5.5m in Phishing Scam – Don’t Make the Same Mistake!
It’s an exciting time, buying a property. But don’t let your guard down – cybercriminals love the lucrative pickings on offer from property transactions, and they never sleep! We’ll discuss the recent Supreme Court of Appeal case of a widow who, in trying to pay over the purchase price of a house, lost her R5.5m when her email system was hacked and she fell victim to a textbook email scam. Why did the SCA rule against her? How should she have protected herself? We’ll address those questions and share 5 steps you should take immediately to avoid falling into the same trap.
How Does the New Divorce Act Ruling Affect You?
Media reports of the recent Constitutional Court decision holding a section of the Divorce Act unconstitutional and giving Parliament 24 months to remedy that haven’t always been clear about who needs to be aware of this, and who doesn’t. Firstly, understand the three “marital regimes” available to you Legally, marriage amounts to a binding contract, […]
Selling Your House to a Non-Resident
South Africa is attractive to overseas property buyers with our world-class lifestyle, depreciated Rand, strong property registration and legal systems, and minimal restrictions against non-resident property ownership. Which is of course great news for property sellers in any area popular with foreign investors. Coastal and other tourist-friendly areas will appeal particularly to buyers wanting a […]
A Costly Case of Buyer’s Remorse
A recent High Court decision once again highlights the dangers of signing anything without reading, understanding and fully considering it. A “Renovator’s Dream” and a case of buyer’s remorse “Let the signer beware!” Bottom line – sign nothing without understanding exactly what you are agreeing to.
Landlords: You cannot cut a defaulting tenant’s water and electricity

“A fundamental principle in issue here is that nobody may take the law into their own hands. In order to preserve order and peace in society the court will summarily grant an order for restoration of the status quo where such deprivation has occurred, and it will do so without going into the merits of […]
Property buyers: The danger of not doing your financial homework

“Look before you leap” (wise old proverb)Don’t let the excitement of buying a property blind you to the necessity of doing your homework before you agree to anything. Look before you leap! It’s not just a matter of buying the right property at the right price – make sure that your finances (and particularly your […]
Buying Property as an Investment – Some Strategies for Success
“The only bad time to buy property is later.” (Steve Bolton) Buying property – whether to live/work in or on a buy-to-let basis – could be one of the most important investments you make. Here are some strategies to help you on your way. Twelve strategies for success Map out your investment goals: Do you […]
Building in security estates: The ‘persuasive sting’ of penalty levies
“… had the respondent imposed more moderate penalties, it would likely not have had the desired effect, or put differently, the same persuasive sting for individuals of substantial means.” (Extract from judgment below) Buying “plot and plan” in a residential complex allows you the freedom to build your own dream house in a secure environment, […]