6 Things to remember when selling your home

Selling your property can be an overwhelming affair, even for the most seasoned investor. That is why we’re here to ensure that you experience moving home differently. Being prepared for the nuances in advance can help ensure a smoother process, and will help you steer clear of the most common pitfalls.

1. Bond cancellation notice – banks charge penalty interest for early cancellation or termination; notice must usually be given 90 days prior to cancellation to avoid the penalties.
2. Tenants must be given notice that their lease will not be extended – therefore give early notice of termination to be able to give occupation to the buyers against registration.
3. Building plans must be in place and approved.
   It is also important to make sure there is an occupation certificate for the property.
4. The Original Title (where there is no mortgage bond) must be delivered, otherwise it can lead to a month delay (and +- R4 000 costs for the Seller to obtain a lost copy).
5. Cash should preferably be available to get municipal clearance (which is payable in advance), otherwise, it may involve unnecessary costs and time to bridge those funds.
6. Get quotes for the certifications of compliance well in advance so that there is no surprise later in terms of their costs.

“We’re fundamentally committed to providing you with a unique property experience, facilitated by a property professional who adds true value throughout your selling journey, bringing their wisdom, competency and attentive service to bear at all times.”  Annien Borg, Pam Golding Properties Regional Head Boland & Overberg, Branch Manager Durbanville & Welgemoed 

Considering putting your home on the market? Reach out to us for a complimentary, no-obligation evaluation of your property.

Posted by The Know - Pam Golding Properties