EasySell General Information

When you’ve worked hard to buy a home of your own, the thought of losing it can be heart-breaking. But if you are in trouble financially, making the decision to sell your home now could mean the difference between restoring your financial standing and losing it completely.

At Standard Bank, we understand how difficult this situation can be. That is why we have developed EasySell – a private sale option that is designed to help you sell your property and settle your home loan debt in the most stress-free way possible.

• You stay in control of the sale of your property;
• Expenses like rates clearance and compliance certificates can be paid from your bond account;
• Your name can be cleared at the credit bureau once the shortfall has been paid in full;
  • You will be able to rent;
  • You can buy again in future;
• The bank may give you a 10% discount on your shortfall;
• The shortfall can be paid off interest free over a period of up to 10 years.

• The first step is to complete the EasySell Mandate and send it back to us;
• The signed EasySell Mandate along with supporting documentation is uploaded onto our system;
• We will then instruct a registered estate agent to perform a Comparative Market Analysis (CMA) of your property to determine a market value - Please ensure that you are available to allow the estate agent access to your property;
• Once the updated valuation has been received from the estate agent the EasySell Team will conduct an acceptance call with you to confirm the market value of your property (the property will be marketed at the valuation amount);

After Acceptance Process:

• The property will be marketed on the MyRoof, Property24 and Private Property platforms;
• Agents who have registered to sell EasySell properties will start marketing your property, competing against each other in an open market sales environment.

Offer Acceptance Process:

• Upon receipt of an Offer to Purchase the Bank will validate the offer and discuss this with you;
• An Attorney from the EasySell panel will be instructed to attend to the Transfer. They will contact you to:
  • Sign all the relevant documentation;
  • Obtain FICA documents, clearance figures and compliance certificates;

• The entire process is managed by the EasySell Team until date of registration;
• Should there be a shortfall (in other words, there is still an amount owing on the bond) we will assist in making an arrangement to pay it off interest free over 5-10 years depending on the amount, To help you even more, we may give you the client up to a 10% discount on the outstanding shortfall of the home loan account;
• Please note that the discount will only be applied if there is a shortfall on the home loan account.