4 . Use a Property Inspection company
If you are unable to view the property in person , or if you have concerns about structural integrity , bring in a professional property inspection company . This is especially important when purchasing older buildings or properties from distressed sales .
Moreover , this can serve as a negotiation tool , as any issues uncovered by the inspection may allow you to negotiate a lower price or have the seller make repairs . Insert an inspection clause : “ This offer to purchase is subject to and conditional upon an inspection approved by the purchaser within 5 days of signing .”
5 . Insist on using your own Conveyancing Attorney
When it comes to transferring property , the choice of a conveyancing attorney can have a significant impact on costs and service . Insist on using your own conveyancer instead of the seller ’ s .
Your attorney is more likely to prioritize your needs and ensure the process goes smoothly , while also negotiating lower fees for you . This can save you thousands of Rands .
6 . Ensure the Property Description Is accurate
Check that the property description on the OTP is correct and matches the actual property you intend to purchase . Whether the property is a freehold or sectional title , make sure all the relevant details are accurately filled in , and any unnecessary sections are crossed out . The smallest error can create confusion later on , so always double-check .
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