Every property sold or purchased in South Africa requires this documentation before a deed of sale can be effected.
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A Clearance Certificate is that pesky document we all need when we have sold property. Without a Clearance Certificate the sale of a property can not be concluded.
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Your offer has been accepted in principle, filled out by you and is on its way to the bank. Before your bond can be granted one important step has to be concluded – the valuation of the property.
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Here are some advantages and disadvantages of enlisting the services of an estate agent.
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Property value is governed by a few fixed factors. Here are some of the factors which influence the value of your property investment.
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Property maintenance is good investment practice as it enhances the attractiveness of the property and increases interest when the property goes on sale.
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With interest rates low, the affordability of property has improved. Within the current climate both selling and buying is acceptable.
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Being a first time home buyer or selling your property can be confusing. To top all of this many abbreviations are used.
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Eskom has recently applied to administer a tariff increase of 16% annually for the next five years, an increase that will overtake most South Africans’ wage increases. The increased electricity cost will also send the prices of food and other living expenses soaring – making it increasingly important for those buying orrenting property to reprioritize the features they require in a home.
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The process of transferring property can be both onerous and costly, and many sellers – and buyers – are ill-prepared for this vast amount of paperwork. It is thus vitally important that before you sign that sales agreement you are aware of how the transfer process works as well as the implications this will have on your budget.
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