What do conveyancers do?

Conveyancers are trained to deal with issues relating to the law of real estate. They’re an extremely valuable resource when buying a new home. Ultimately, they’ll ensure that the Deed of Sale meets all legal requirements and assist you in the process of transferring ownership. Conveyancers in Jeffreys Bay have expert knowledge regarding deposits, investments, property regulations and transfers.

How many conveyancing attorneys are involved in the process?

A typical property transfer will involve three conveyancers who fulfil different tasks. However, it depends on how the firm operates. The three types of conveyancers involved are: -Transferring attorneys – responsible for handling the initial transfer process. -Bond registration attorneys – responsible for handling the home loan. -Bond cancellation attorneys – responsible for cancelling an existing bond for the buyers’ previously owned property.

What costs is the client liable for during the process?

There isn’t one single fee for the process which means the client needs to budget for the following: -Estate agent commission -Rates and taxes -Electrical certificates

Who receives the interest on a property deposit?

Unless stated otherwise, the interest is paid to you after the transfer has been registered. Another option is to have both your estate agent and conveyancer in Jeffreys Bay to arrange for it to be invested in an interest-bearing account. It’s a good idea to place it in the best short-term investment available.

What is “penalty interest” for bond cancellation?

It’s a compulsory requirement to give the bank 90 days’ written notice if you plan to settle a home loan. If you fail to do this, the bank will charge 90 days’ interest as a result of the missing notice. As soon as you supply your conveyancer in Jeffreys Bay with the bond account number, they can give the bank notice on your behalf by applying for the cancellation figures. This is a great way to ensure that the 90 days’ notice is done properly.

At what point in the process do I sign the property transfer documents?

The property transfer documents get signed a few weeks after the sale agreement has been confirmed. Conveyancers in Jeffreys Bay will usually wait until the bond is granted. This allows them to get the cancellation figures for the seller’s existing bond. Once they’ve completed those steps, they can guarantee authority forms will be completed and signed. Nevertheless, feel free to contact your conveyancer for an update. It’s their responsibility to keep you in the loop.

How long does it take for the property transfer to register?

The transfer period greatly depends on the circumstances and due dates for the bond grant. The average time frame for most sales is about three months from the date of sale. This means you should be prepared to wait a couple of weeks before occupying the property in Jeffreys Bay. However, in instances where there are no complications, registration can happen within two months. For this reason, it’s advisable to stay in touch with your conveyancer and see how you can speed up the process.

Featured Conveyancers near Jeffreys Bay

Blanche Attorneys

Services Jeffreys Bay

High standards of ethical conduct with a personal touch. Founded on the 18th of January 2018, Blanché Attorneys is a proud family orientated firm dedicated to service excellence, ethical conduct and competitive standards A young and energe...

3 reviews

by Samantha, 076****008

Excellemt service. I would recommend their professional and personalized service to anyone.

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Van Rooyen & Efstratiou Attorneys

Services Jeffreys Bay

We are dedicated to consistently delivering the highest quality legal services in a relaxed atmosphere. The form consists of a close-knit team of professional staff who are willing to go the extra mile in order to advance the interests of ...

3 reviews