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 […]
Conveyancing firms work together
WE ARE PART OF A GROUP OF CONVEYANCING FIRMS PROVIDING INFORMATION, EDUCATION AND SUPPORT TO PROPERTY OWNERS, BUYERS & SELLERS. THIS INITIATIVE BEGAN DURING THE LOCKDOWN AND WILL BE EXPANDED AS THE RESTRICTIONS ARE LIFTED AND THE SA ECONOMY RECOVERS. READ MORE HERE Property Buyers and Sellers are facing uncertain times going from level 5 […]
Property transfers and trust account theft: A R720,000 warning
“The issue of whether a conveyancing attorney receives the money as the agent of the seller, or of the purchaser, or of both, or as trustee for both to await the event, is a somewhat vexed question … and each case must be considered in the light of its own facts and the particular contractual […]
Sellers and Landlords: Using an unregistered Estate Agent
With media reports suggesting that up to 50,000 agents may be operating without the required Fidelity Fund Certificate (FFC). The real figure is likely to be a lot less in that many former agents have probably just closed up shop in the last 10 years, but even so there is a chance that the agent […]
PROPERTY SELLERS AND ALIEN INVADERS: YOUR NEW DUTY TO DISCLOSE
“Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect” (Chief Seathl) Property sellers: Your lives have just been made more difficult, albeit in the best of causes. NEMBA (The National Environmental […]
PROPERTY BUYERS: DON’T PAY THE SELLER’S OLD RATES WITHOUT LEGAL ADVICE!
You buy your dream house but are shocked to learn that (a) the seller still owes the municipality for old rates and taxes and (b) you can’t get a new electricity account unless and until you settle all these arrears. You point out how unfair it is that you are being asked to pay someone […]