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The first three weeks is very important to sell your property and therefore it must be priced as near as possible to the current market value.
After three weeks there is a subtle negative emotion from the prospective buyer of “there must be something wrong why is it not selling.”
So after finding the perfect market related selling price you don’t want three agents with different prices to entice a buyer. The buyer will immediately sense that there is more room for negotiation.
Rather ask the one agent to furnish you with his marketing plan and keep him to it!
Unfortunately in our current economy we had to deal with a few of these situations.
We will assist you to approach the bank to apply for a loan for the shortfall and should the value of the property be sufficient, the bank can give their proceed to register the transaction. A formal agreement between you and the bank will be drawn for the outstanding amount.
The bank require from you to give them three months notice before you sell your house, failing which they will claim penalty interest from you.
The first thing we do, is to apply for the cancellation figures so that their three months can start running.
Should registration then take place by day 60, you will only be liable for the remaining 30 days.
Please keep paying these, since we will ensure that you will be refunded for any amounts by date of registration.
The purchaser pays all transfer costs.
The seller is only liable for the following:
That is not a problem, we apply for a copy from the Deeds office. It will not delay the process and we can register everything simultaneously.
This is your own choice. Go to your bank if you have a personal banker and get good service.
If you don’t have the time, a good originator company can take the administration out of your hands. They will approach all the banks and furnish you with the results.
They get their commission from the bank.
In the past it was more expensive to register property into a trust or company due to the 8% transfer duty levied on the purchase price.
That has changed and all the transfer fees in any entity are the same.
These are the recent transfer duty schedules:
Unfortunately not.
You have two options:
Option 1: You can retain the money in your account where you earn the most interest, and furnish us with the detail of your bank manager. We send them our guarantee requirements to enable them to draw the documents. They invite you for signature.
Be aware that the bank will charge you a substantial fee to issue a guarantee. Enquire first!
Option 2: You can pay the money directly into our trust account and we will invest it on your behalf in an interest bearing account. We do not charge any administration fees and the funds remain in our account until date of registration.
The purchaser pays all transfer and bond costs.
Our fees are prescribed by the law society and based on the purchase price of the property.
There are some firms that will offer you a discount of 50% of their fees, but that is seen as “touting” by the law society and subject to a disciplinary hearing and even removal from the roll to practice.
These attorneys do a lot of damage to the industry.
The question remains, will you really get 100% service for 50% fees?
