Insights - News Blog

From category archives: Phoenix Bonds News Blog

Property Transfers

Selling Your Bonded Property? Notify Your Bank Immediately

The banks are charging penalty interest if they are not given 3 months’ notice of intention to cancel a bond. Therefore it is beneficial to notify your bank of your intent to sell as soon as you decide to do so.

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Deeds Office Closures - How Does this affect the property market?

The closure of deeds offices has a significant impact on the property market. Without the deeds office, property transactions cannot be completed, and buyers and sellers are left waiting. A deeds office closure directly affects the sellers, buyers, property practitioners, attorneys and bond originators.

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Who Pays for What During the Transfer of Property?

When it comes to buying and selling property in South Africa, both the buyer and the seller have certain financial obligations. It is crucial to know what these obligations are before pursuing the transfer of property is crucial and will help you prepare for it before you sign a contract.

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Against The Grain - Where The Hype Of The Time Is

In the past two years it has been opined that due to the economic slump caused by the Covid-19 pandemic worldwide, the property market will also not be spared in seeing lower sales.

While that cannot be denied in some quarters, there have been significant sales encountered in some areas in the South African property market. Of course, this is a classic case of going against the grain as any other market was expected to experience lower sales that those actually realised. 

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Bond Attorney – Understanding Their Role In The Process Of Buying Property

There are various actors involved when an immovable property is sold, purchased and transferred to the new owner. Estate agents, the seller, the purchaser, the home loan lender, transfer attorneys, bond cancellation attorneys and bond registration attorneys etc. 

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Here Is What You Need To Know About Transferring Property To Family Members

While many people execute Wills to bequeath inheritance (e.g assets) to beneficiaries after they pass on, there are other people who prefer superintending on the transfer of assets to their preferred beneficiaries whilst they are still alive.

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Offer To Purchase – Getting It Right The First Time

Although it is difficult to avoid disputes when different parties interact, there are a number of ways in which some of these can be reduced if not totally eradicated. 

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When Exactly Do Suspensive Conditions in OTPs Become Effective?

Parties involved in immovable property purchase transactions always hope that the transactions will be completed without any glitches.

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What You Should Know About Costs in Buying Property

The purchase price of a house is only a part of the costs involved in buying a home, although it is understandably the largest chunk, it is not the only cost or fee involved.

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Knowing What You Pay For - Property Purchase and Transfer

With regards to immovable property Sale and Transfer transactions, there are various costs and fees involved which must be settled in order for the process to be concluded. Knowing what each party (seller or buyer) must pay for is important so that one is prepared beforehand to avoid unnecessary delays.

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