In South Africa, the sale of a property involves several key transactions:

Offer to Purchase

The buyer presents a written offer, which becomes the sales agreement upon acceptance.

Bond Approval

If financing is required, the buyer applies for a mortgage bond.

Transfer Duty

The buyer pays transfer duty tax to SARS, unless exempted.

Conveyancing

A conveyancer is appointed to handle the legal transfer process.

Property Inspection

A thorough inspection is often conducted for defects or issues.

Compliance Certificates

Certificates for electrical, gas, and plumbing compliance are obtained.

Deeds Office Registration

The conveyancer lodges the necessary documents with the Deeds Office for registration of the property in the buyer’s name.

Each transaction requires careful attention to legal details to ensure a smooth transfer of ownership.

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