The most common question that comes directly after accepting your offer is…
How long does the transfer process take?
There is no specific timeline on registration of property, each file is unique. The registration process should be take as long as the factors involved in the registration. The parties should remember that it is not only the transferring attorney involved in registration and therefore a lot of factors involved. We require cancellation figures from the bond holder, rates figures from the council, levy figures from the managing agents / body corporate (if applicable), guarantees securing the purchase price from the bond attorneys, transfer duty receipt from SARS.
In the industry, we often gauge on around 10-12 weeks.
Call Donna now for any property-related information and advice, or if you’re wanting to get your home SOLD – 0832991575.