7
How to Buy & Sell Property
CONVEYANCING Q&A
WE spoke to local conveyancers, Tatham Wilkes & Co, and asked
for more details about the conveyancing process.
• Can a buyer elect a conveyancer or are they bound to use
the seller’s conveyancer?
An agreement of sale is an agreement between the buyer and
the seller. They are at liberty to agree any terms, including which
conveyancer attends to the transfer.
• Can attorneys charge different conveyancing rates?
There is a tariff guideline published by the Law Society but it is not
binding on conveyancers, so they may charge more or less than
the guideline.
• What fees/costs can one expect to pay a conveyancer?
The conveyancing fee, deeds office fee, rates application fee,
transfer duty, and postage and petties.
• What other real estate-related services do you provide?
Apart from transferring ownership, conveyancers and notaries
deal with the registration and cancellation of mortgage and notarial bonds, servitudes, subdivisions, and consolidations of land and
leases.
• What kinds of things could impact adversely on the resale
or mortgage of a property?
The possibility that the seller was not in fact the owner of the
property; that there are conditions pertaining to the property that
may preclude sale by the owner on certain conditions; that you
need the consent of the home owners' association to sell.
The brave new world of
real estate
IT is a truism that the only real constant is change.
One might think that real estate
investment is the one thing that
would be immune to major changes.
After all, people have been buying
and selling property for hundreds of
years, right?
But if a recent article by the technology website Memeburn is to be
believed, there are major transformations on the horizon.
Radical changes in demographics
worldwide, a fundamental transformation in how we work and buy
things, the rise of “gigacities”, and
the growing challenges of climate
change all point to a very different
future.
Stakeholders and investors would
be well advised to take these “five
megatrends” — as Memeburn calls
them — into consideration
if they want to stay in the
game.
Read more about the possible future of real estate and
what you should be planning
for, by going to our digital
version of this publcation at
https://joom.ag/ZdBQ or by scanning
the QR code on this page.
Service that is
guaranteed to exceed
your expectations, at a
price you can afford!
Our reputation was built on providing sensible and
insightful advice, and service that surpasses
expectations. It’s the personal touch you’d expect from
a small, independently owned firm. We’ve been doing
it for 26 years and it’s one of the few things that hasn’t
changed.
Specialising in:
All phase construction • Home improvements • Roofing
• Plumbing • Flooring • Tiling • Windows • Doors • Carpentry
… and much more!
Civil Engineering • Project Management • Construction
Tel: 033 342 2843 • Cell: 073 817 7116/072 926 9914
Email: [email protected]
63 Roberts Road, Clarendon, Pietermaritzburg
Tel: 033 342 3941 • Fax: 033 345 3919
Vee Munnery and the staff members at AIM wish to congratulate Jessica Singh
on a successful 10 years of dedication and hard work.