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 October 16th, 2010 by zenia
Questions About Bond Transfers Answered
One of the frequently asked questions about bond transfers is how long such will take. To answer the question one has to understand that once both parties sign the ‘Offer to Purchase’ that a valid contract has been established. The period for bond transfers are normally calculated from the signing of the sale agreement. The seller provides the buyer a specific period in which to apply for a bond. This can be 7-14 days. The buyer must then submit all documents to the bank and there is another period of up to 21 days to have a loan approved. The financial institution approves the bond in principle, but certain conditions must be met. Once the conditions are met, the next phase takes place. In the mean time a request is placed for the cancellation figures of the seller’s bond. The bank must provide such and the buyer’s financial institution must provide guarantees. The above is just one part of the process regarding bond transfers. Only when the property transfer has taken place in totality can the process be deemed complete. As such expect from 40-90 days for the process of bond transfers to be completed.
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:
Bond Registration, Property Buyer’s Bond and Registration of Transfers and Bonds
Filed under: Gauteng, Legal Services, Property Law, South Africa | No Comments »
Posted on August 26th, 2010 by zenia
Bond Registration – You Don’t Have To Do It Alone
The board game “Monopoly” makes buying and selling property seem so simple. That is probably because you can buy the land, houses and hotels for cash. In real life things are different and we don’t get to pass go and collect money; instead we have the option of a mortgage or bond. If you fall into this category and need help with your bond registration, you can rely on the legal services of Bert Smith Incorporated.
They will do all the property conveyance on your behalf and before you know it you will be able to play the game ‘monopoly’ in your new home! Why don’t you contact Bert Smith Incorporated right now and discuss the steps you have to follow for bond registration.
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:
Bond Transfers, Property Bonds and Bond Financing
Filed under: Gauteng, Legal Services, Property Law, South Africa | No Comments »
