Pierre Retief advises on Taxes Payable when Purchasing a Property
Mandate: Seller to contact estate agency to list house.
Purchaser to make the offer.
Seller to accept the offer (Initiate sales transaction).
Instruction to attorney.
Attorney to draft transfer and bond documents.
Seller and Purchaser to sign documents at attorneys’ offices.
Purchaser to pay transfer and bond costs.
Purchaser to apply for bond through personal banker or bond originator.
Financial institution to give quotation on bond application.
Purchaser to accept quotation.
Instruction to attorney
Attorneys to lodge documents with deeds office.
Registration of property into purchaser’s name within 10-14 working days.
Registration Attorney to attend to finalisation of finances.