1. "Voetstoots"

Almost every Deed of Sale/Offer to Purchase relating to the sale of immovable property contains a clause stating that the property is sold "voetstoots" (as is/as it stands). What is the effect of such a clause? Under the common law the...

Friday, 06 February 2009 | 740 hits | Print | PDF |  E-mail | Report | Read more

2. A Quick Checklist when completing an Offer to Purchase:

Click Here to Download Comprehensive Free Offer to Purchase Check that the description of the property is correct (as described in the title deed). Are all the buyers' & seller's details documented clearly? Check that the purchase price...

Monday, 09 February 2009 | 2607 hits | Print | PDF |  E-mail | Report | Read more

3. Affordability Calculator courtesy of Louwrens Koen Attorneys

Affordability Calculator This calculator calculates the maximum home loan that you can afford. Type in your details below, then click on the "calculate" button. ...

Tuesday, 27 October 2009 | 1907 hits | Print | PDF |  E-mail | Report | Read more

4. Blank Spaces in Contract

All standard deeds of sale used by estate agents contain blank spaces which have to be completed relating for example to the amount of the purchase price, the date of occupation, the occupational rental payable etc. One of the parties to the...

Friday, 06 February 2009 | 401 hits | Print | PDF |  E-mail | Report | Read more

5. Bond Repayments Calculator

Bond Repayments Calculator This calculator calculates the total monthly bond repayments on a property. Type in your details below, then click on the "calculate" button. --> ...

Tuesday, 27 October 2009 | 532 hits | Print | PDF |  E-mail | Report | Read more

6. Buying a property on Installment Sale

Selling property in the current market can prove to be frustrating. Many property sales are collapsing because the potential buyer is unable to obtain the necessary bond to cover the purchase price. In fact, as many as 50% of all bond...

Friday, 06 February 2009 | 6044 hits | Print | PDF |  E-mail | Report | Read more

7. Buying Property on Auction

South Africans are not used to buying and selling residential properties using auction sales. A property that is being auctioned usually conjures up pictures in the minds of people of liquidations and insolvencies. In countries like Australia,...

Friday, 06 February 2009 | 915 hits | Print | PDF |  E-mail | Report | Read more

8. Cancelation Of Mortgage Bond

Once your home loan is fully paid, you may have the option of keeping the bond facility available to you. This is important if you need to borrow more money in future. You will not have to incur bond registration costs again in the future (on the...

Monday, 09 February 2009 | 798 hits | Print | PDF |  E-mail | Report | Read more

9. Cancellation Fees

Cancellation Fees When your home loan is repaid in full, or you cancel the loan due to the sale of the property, and you wish to cancel the existing bond over the property, an attorney will be instructed to handle these proceedings. There...

Friday, 06 February 2009 | 2731 hits | Print | PDF |  E-mail | Report | Read more

10. CAPITAL GAINS TAX (CGT)

    A In the letter the reader enquired whether it was necessary for the "ordinary houseowner" to have his or her property valued for CAPITAL GAINS TAX purposes. This question pertains to a very important exemption which applies in...

Friday, 06 February 2009 | 803 hits | Print | PDF |  E-mail | Report | Read more