Posted on November 15th, 2011 by heinrich
The Scoop on Property Bond Transfers
Its most people’s dream to own property. Whether it’s to start a family or to set up a business, there is a thrill of getting your first property asset. One of the procedures of buying (or selling) a property is property bond transfers.
Property bond transfers are the legal action of having the property transferred from the seller to the ownership of the buyer. It might seem a bit bureaucratic, but basically it’s so that the asset is in the right name and that the municipal procedures can take effect in the name of the new owner.
Property Bond Transfers: A step in Owning Your Own Home
Property bond transfers are only one step in owning your own property. Getting your new property transferred into your name is a great feeling, but there are other procedures you’ll need to follow to get it all done and dusted.
- Attorneys – There are various attorney involved to get a property legally in your name. All these attorneys communicate with each other to complete the process. The bond attorney looks after the bond issues and prepares the bond document. The transferring attorney makes sure the transfer happens and caters for the transfer costs and duties. Finally the cancellation attorney is responsible for cancelling the sellers bond.
- Deeds Office – The deeds office is where all the documents are lodged once everything has been filled out and all the costs are paid. Once all the documents are checked and approved (this can take up to 3 weeks), the attorneys are once again contacted for final registration.
When it comes to property bond transfers its best to get the services of a licensed conveyor to help your through the process quickly and effectively. A professional conveyor will alleviate your stress and make sure everything goes seamlessly.
Contact Details:
Contact Number:
012 654 4107 or 082 578 3104
Fax Number:
012 654 7407
Email:
bert@bertsmith.co.za
Website:
http://www.bertsmith.co.za
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Filed under: Legal Services, Property Law | No Comments »
Posted on May 30th, 2011 by heinrich
There are a number of transactions involved when purchasing a property. Unfortunately, most of these are costs that the average first time buyer wouldn’t know about and therefore the costs associated with bond transfers are usually not included in their overall budget.
Bond registration costs like bond transfers are one of the many things that your conveyancing attorney will explain to you. If you are unsure about it, ask him to explain again as there’s a lot of money involved and any mistake could cost you money in the end.
Luckily, there are many attorneys who specialise in property law and who are willing to explain the hidden costs involved when purchasing a property. The cost associated with bond transfers is the responsibility of the buyer and not the seller. Bond transfers will include the transfer duty and the conveyancing fees.
Contact Details:
Contact Number:
012 654 4107 or 082 578 3104
Fax Number:
012 654 7407
Email:
bert@bertsmith.co.za
Website:
http://www.bertsmith.co.za
This free i Lead Online posting about Bert Smith Inc. was sponsored by i Lead Online. Should you wish to advertise for free on this website contact i Lead Online: mailto:info@ilead.co.za, http://www.ileadlegal.co.za/advertise . You can also advertise for free on the following sites:
Property Transfers, Property Developments and Construction and Transferral of Property
Filed under: Gauteng, Legal Services | No Comments »
Posted on May 30th, 2011 by heinrich
Registering a property in your name is a very exciting time as this will mean you are the owner of your very own property. Unfortunately, property registration is not as easy as a first time buyer would think. It is important to find out exactly what the property registration costs attached to your desired property is, as this will influence your purchase.
Not only is the registration of a property an expensive process, but it is also a lengthy one. Because there are many elements that play a role in the property registration process, hiring a professional attorney with property registration experience is vital. He will guide you through the whole process and inform you of the steps.
Contact Details:
Contact Number:
012 654 4107 or 082 578 3104
Fax Number:
012 654 7407
Email:
bert@bertsmith.co.za
Website:
http://www.bertsmith.co.za
This free i Lead Online posting about Bert Smith Inc. was sponsored by i Lead Online. Should you wish to advertise for free on this website contact i Lead Online: mailto:info@ilead.co.za, http://www.ileadlegal.co.za/advertise . You can also advertise for free on the following sites:
Property Transfers, Property Developments and Construction and Transferral of Property
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Posted on April 21st, 2011 by heinrich
Property Transfer Costs In South Africa
When you buy property in South Africa, property transfer costs must be paid when the property is transferred into your name.
When you buy vacant land, you will buy property transfers costs on the land only, but if you buy an existing home the property transfer costs are based on the value of the land and the building.
A property transfer costs calculator calculates the transfer costs, transfer duty and bond registration costs on the purchase price and the mortgage bond amount you provide. Property transfer costs in South Africa are charged on a sliding scale depending on the price of the property – the more expensive the property, the higher the property transfer costs.
Contact Details:
Contact Number:
012 654 4107 or 082 578 3104
Fax Number:
012 654 7407
Email:
bert@bertsmith.co.za
Website:
http://www.bertsmith.co.za
This free i Lead Online posting about Bert Smith Inc. was sponsored by i Lead Online. Should you wish to advertise for free on this website contact i Lead Online: mailto:info@ilead.co.za, http://www.ileadlegal.co.za/advertise . You can also advertise for free on the following sites:
Property Transfers, Property Developments and Construction and Transferral of Property
Filed under: Gauteng, Property Law | No Comments »
Posted on April 21st, 2011 by heinrich
A variety of fees are payable when you buy a property in South Africa. Before signing a preliminary contract, check exactly what fees are payable and have them confirmed in writing. Property transfer costs are often overlooked when purchasing a property and should be taken into account when assessing your affordability.
Property transfer costs are taxes levied on the transfer of ownership of fixed property. If you are buying as a company, a close corporation or a trust, property transfer costs are levied at a flat rate of 10% of the purchase price.
If you are buying as an individual (officially termed a ‘natural person’), the property transfer costs are calculated on a sliding scale according to the purchase price of the property.
Contact Details:
Contact Number:
012 654 4107 or 082 578 3104
Fax Number:
012 654 7407
Email:
bert@bertsmith.co.za
Website:
http://www.bertsmith.co.za
This free i Lead Online posting about Bert Smith Inc. was sponsored by i Lead Online. Should you wish to advertise for free on this website contact i Lead Online: mailto:info@ilead.co.za, http://www.ileadlegal.co.za/advertise . You can also advertise for free on the following sites:
Property Transfers, Property Developments and Construction and Transferral of Property
Filed under: Gauteng, Property Law | No Comments »
