Must my residence be valued? It is now almost three years since the introduction of capital gains tax (CGT) in South Africa, and it would appear that repercussions for the average property owner are causing increasing confusion in terms of valuation requirements. The intention of this article is to answer five simple questions for you: …
The conveyancing procedure is an essential element in the sale of any property, and the seller of any property has to engage the services of a conveyancer. Yet very few people are aware of what conveyancing entails and what a conveyancer is and does. What is a conveyancer? Let us explain. Firstly, while every conveyancer …
The purchase of property – particularly if one falls prey to an unethical estate agent or unprincipled seller – can prove to be as threatening as walking through a minefield. The prospective buyer – especially the eager and innocent first-timer – can emerge from what should be a potentially enjoyable experience with badly burnt fingers, …
BUYING A PROPERTY – THE PURCHASER’S “COOLING OFF” RIGHTS Read More »
The purchase of your family home – or the sale of your existing property and the purchase of a bigger and better one – will probably be the most expensive and significant investment of your life. It is therefore of the utmost importance that you make the right decisions along the way, and of the …
FINANCIAL DIFFICULTIES – YOUR OPTIONS The following options are available to you. OPTION 1 : DO NOTHING Do nothing and let your creditors take judgment against you and attach/es and sell/s your assets or obtain a Court Order whereby you must pay the debt in monthly instalments (which does allow for sufficient funds to allow …
Avoid the pitfalls that can put you out on the street Picture the scene. The 1 st of the month dawns – the day the Smith family is to move out of its rented garden flat and take occupancy of the first home it has ever owned. The movers arrive on schedule at eight o’ …
Introduction Our last issue featured an introductory article on the process of purchasing a property, and underlined in broad terms the various aspects of the process, as well as the prospective purchaser’s rights. That article emphasised the fact that once you have made the firm decision to submit an offer on a particular property, your …
Just about everybody has heard of zones and zoning in relation to property, but the average property buyer or owner has little – if any – clear knowledge of what the different zones are, if and when one needs to apply for any form of zoning or re-zoning, and how to go about this task. …
Buying A Property The purchase of property – particularly if one falls prey to an unethical estate agent or unprincipled seller – can prove to be as threatening as walking through a minefield. The prospective buyer – especially the eager and innocent first-timer – can emerge from what should be a potentially enjoyable experience with …
Passing of benefits and risks in purchasing and occupation of property Introduction It is important that a prospective property buyer understands the various terms of an offer to purchase before completing, signing and submitting one. Possession, benefits and risks The appropriate clause in an agreement of sale relating to possession and the …