Conveyancing is the work involved in the legal process of moving land or property from one owner to another. The conveyancing process may seem very daunting and complicated for a first-time homebuyer. I will try to simplify the process below for you for you to understand exactly what is happening …
The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) decision to hike the repo rate by 50 basis points to 4.75% – taking the prime rate to 8.25% – will make home loan finance more expensive. However, the rate remains well below the pre-pandemic levels of 2020 and was …
Community housing schemes should have compliant record-keeping systems, including those of their managing agents, in accordance with the Protection of Personal Information (POPI) Act. It is also important for owners and occupiers in Sectional Title schemes and gated developments run by Home Owners’ Associations (HOAs) to understand that the Act …
By Peter Mennen, Head of Legal at TPN Credit Bureau The new Property Practitioners Act (PPA), which came into effect on 1 February 2022, has been designed for increased support and regularisation of the sales and rental industries and other immovable property professions. Through updated processes, better clarity and new administrative …
Landlords wanting to protect their investment need to remember that tenants are price sensitive and that safe and secure properties are considered more valuable, says Michelle Dickens. Unemployment is a crisis in South Africa. In the last 18 months, 2.1 million jobs have been lost. This has had a marked impact on …
Excitement is running high as you have just signed an offer to purchase your dream house. Perhaps it was the quirky water feature that caught your eye as you walked through the lush, well-kept garden or maybe the thought of spending long summer afternoons under the pergola. Whichever it …
There are several martial systems recognized by the South African Deed Offices, each of which will influence the property transactions in different ways. Understanding this can help homeowners make good investment decisions upfront. “Buying a home as a married couple can be an exciting step in the couple’s life …
Let us start by explaining the meaning of the word “voetstoots”. “Voetstoots” has its origins in South Africa’s Roman-Dutch law heritage and translates to: “to push a thing sold with one’s foot to indicate delivery and not come back with complaints later”. This means to sell or buy a property “as …
Buying a home is the largest investment most people make and it’s a lengthy, complex procedure peppered with potential pitfalls, so the last thing you need after successfully navigating the process is to experience buyer’s remorse. “There are so many factors that require the buyer’s time and attention that it’s easy …
The Property Practitioners Act is set to change the industry “dramatically”. Other laws attorneys say will affect it include the proposed Housing Consumer Protection Bill, the Land Court Bill, and the Western Cape Government’s draft Inclusionary Housing Policy. Once the Property Practitioners Act – which has been promulgated but …
Benefits of Hiring a Real Estate Agent Buyers and sellers are on separate sides of the fence when it comes to home sales. What one is trying to achieve is often diametrically opposed to what the other wants to see happen—the first usually want to steal the property while the other …
Effective communication is a fundamental factor within successful relationships. This is especially true for the relationship between the prospective homebuyer and their real estate agent. An open communication channel is imperative for an agent to fully understand what a buyer wants and needs. Yet, according to Regional Director and CEO …
