Procedures after signing the Offer to Purchase
Category Property News
You have seen everything that the market has to offer...you find the perfect home...you sign ...then you anxiously wait to own your new home. Once the offer to purchase is signed, many important stages takes place, before transfer occurs.
Here are some tips to ensure that you are prepared to help speed up the process.
Finances - over and above the purchase price, additional cash is required to pay for fees such as the registration, legal, transfer and transfer duties if applicable. A portion of the municipal rates and taxes will also be payable during the transfer period, as well as connecting the municipal services into your name. Ensure that you have cash reserves to accommodate these costs timeously.
Allow for time delays - this can include home inspections, compliance certificates and clearance certificates to be processed.
Submission of documents-Respond promptly to attorney requests to ease any scheduling delays.
Involving a reputable estate agent can ensure smooth transition through the transfer process!
Author: Prime Property Marketing
