Property Conveyancings
Professionals in Property Conveyancing
Most of us have a dream of owning our own fixed property, or to one day sell our property and buy an even better one. Or perhaps even more than one – a holiday home is a great idea for many. But if you have tried to buy a home for the first time, or even if you buy and sell property as investment, you would have realised how complicated and tedious this process can be if you do not enjoy the support of suitable professionals. Property conveyancing requires a series of steps and activities to ensure that the process is legally binding. Not only can this prove to be a challenge, but you also do not want to make any mistakes while transferring property from one owner to another, so it only makes sense to employ the services of the best in the industry – Bert Smith Incorporated.
Property conveyancing is the legal process of transferring a property from the ownership of the seller to that of the buyer. Conveyancing in South Africa can only be carried out by a licensed conveyancer, i.e. an attorney who has passed the National Conveyancing Examination. There are a number of tasks that make up this process. A written contract must be drawn up first, and this contract needs to be agreed upon and signed by both the seller and the buyer of the property.
After an agreement of sale has been made, a conveyancer is appointed (invariably by the seller, who must also pay the fees) and instructions are sent to him by the estate agent, including the names of the buyer and seller, a copy of the agreement of sale, and the passport numbers and marital status of the buyer and seller. The conveyancer then drafts the necessary documents. Once this is done, the current mortgage must still be cancelled, title deeds requested and a clearance certificate must be obtained from the local municipality. Only after this has been done, can the new title deed be drawn up and used for the new bond registrations and registration of the property in the new owner’s name.
This is simply an outline of property conveyancing. For more information and assistance, please contact Bert Smith Incorporated.