The mood among homeowners right now is anxious, and understandably so. After a stretch of relative economic calm, interest rates are climbing again, driven by global instability and renewed inflationary pressure. For anyone sitting on a property and wondering what to do, that anxiety can quickly translate into a hasty decision. But hasty decisions and real […]
Understanding title deeds and the transfer process is key when buying property. According to Quay1 International Realty the title deed is the official legal document proving ownership, and the transfer of property is officially completed once it is registered with the Deeds Office. READ: Property transfer delays - Where to expect them and how to avoid them There are […]
Receiving more than one offer on a property is a position every seller hopes to be in. Strong buyer interest usually creates greater negotiating power and can result in a better selling price. However, according to Meridian Realty Principal and Founder Antonie Goosen, multiple offer situations require careful management to ensure every buyer is treated fairly and the […]
As we head into winter and the temperature starts to drop, taking a day now to go over your home and inspect certain problem areas will ensure that you and your family are snug, warm and dry. Good to know: In the event that a door swells during the rainy season, don't attempt to sand away […]
Delays in obtaining a municipal clearance certificate remain one of the most common and frustrating risks in South African property transfers, particularly when transactions are time sensitive. According to Antonie Goosen, principal and founder of Meridian Realty, these delays can quickly place an entire deal at risk if not managed proactively from the outset. “A municipal clearance certificate is […]
An accepted offer on a property should be the beginning of a straightforward transaction. In practice, one of the most common reasons deals collapse in South Africa is that the buyer's finances were never properly qualified before they signed the offer to purchase. Morné Prinsloo, Residential Property Specialist RE/MAX Town and Country Roodepoort & Krugersdorp, says he has […]
The electrical Certificate of Compliance, or CoC, is not a suggestion. It is a legal requirement. In South Africa, a property transfer cannot be registered at the Deeds Office without a valid CoC issued by a registered electrician with a Wireman's License and registration with the Electrical Contracting Board of South Africa. The law governing this is the Occupational […]
