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Conveyancing Of Property Process Explained

The conveyancing of property should be handled by an experienced conveyancing attorney to reduce the risk of errors and additional delays. The following is a list of steps involved in the conveyancing of property.

• Purchaser signs the offer to purchase agreement. Seller signs and a deed of sale comes into effect.
• Purchaser can where required, place a deposit with the conveyancing attorney.
• Purchaser where relevant, applies for a loan.
• The conveyancing attorney proceeds with the administration of the property transfer and may approach the buyer to get the transfer duty money in order.
• The attorney obtains information regarding the bond holder and obtains cancellation figures.
• The attorney obtains a copy of the title deed.
• Guarantees are given.
• The conveyancing attorney ensures that funds for the full purchase price are ready for when the transfer needs to take place and prepares the necessary conveyancing of property documentation.
• The attorney obtains a transfer duty receipt as well as the rates clearance or levy certificate.
• The conveyancing attorney also assesses whether there are any interdicts, and then where relevant, will liaise with cancellation attorneys to ensure that all transactions can go through at the same time.
• The documents at the Deeds Office are inspected and then the conveyancing of property can be finalised.

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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Property Law and Conveyancing, Property Conveyancers and Property Law

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