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For many years, property conveyancing in South Africa has been regarded as one of the most sophisticated fields of the law. However, with property being the most expensive asset many people will ever own, this process can become complex when the parties involved do not consider all the necessary procedures and costs involved in the tranfer process.
The transfer of property (conveyancing) decribes all the administrative and legal procedures necessary to transfer ownership (and other real rights) in immovable property from one person to another.
A conveyancer is a practicing attorney who has passed the National Conveyancer’s Exam and has been admitted as a conveyancer of the High Court of South Africa. When you sell property, the role of the conveyancer is to act as “transferring attorney”. A conveyancer specialises in the preparation of documents and deeds that are registerable in the Deeds Office and is generally tasked with carrying out the process of registering the buyer as the new owner. The role of the conveyancer are as follows:
Buying property remains one of the most expensive investments any person can make. Over and above the actual cost of the property, a buyer needs to set aside money for “once off costs” as well as “regular monthly costs”.
Once off costs include:
Regular monthly costs include:
When you are ready to make that offer on a property, contact an attorney at Bailey Haynes Inc. We provide professional advice and attend to Property Transfers or Conveyancing and offer a wide range of property related services.
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