Make a single enquiry for property services assisting you in buying residential property and receive multiple quotes from property service providers such as estate agents in your area. Compare quotes, profiles and reviews, and select the property service provider or estate agent that is right for you.
When buying residential property in South Africa, most people use the assistance of estate agents although some prefer private sales. When selecting an estate agent to assist you with buying property, make sure they are registered with the Estate Agency Affairs Board (EAAB). The EAAB issues estate agencies annually with a certificate that confirm that the agency complies with the latest code of conduct. If you are looking to buy property in a particular area, it is advisable to use an estate agent that specializes in that area.
An effective method of finding a property to buy, is registering your preferences with as many agents in the area as possible. You will also find many property websites advertising properties for sale. Once you find the property that you want to buy, you will need make an offer. This will usually take place through the designated estate agent using a formal letter confirming details of your offer, which is sent to the seller to approve.
If the seller agrees to the offer, both sides will sign the document, making it effectively a sale agreement. The seller will then appoint a conveyancer to deal with the legal aspects of the transaction. When buying residential property in South Africa, you typically need to pay transfer duty plus a registration fee and a Conveyancing fee. The transfer duty amount that you have to pay when purchasing a property depends on the property price.
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