Quick Answer: What documents do I need to sell my house in South Africa?

ask the person selling the property (“seller”) to provide him/her with the following documents: copies of the title deed and diagram; any existing lease agreements; approved building plans; and any other relevant information (such as zoning, town planning or municipality requirements).

What documents are needed when selling a house?

What Documents Do You Need to Sell Your House?

  • Proof of your identity. …
  • Property title deeds. …
  • Shared freehold documentation. …
  • Energy Performance Certificate. …
  • Management information pack. …
  • Fittings and contents form. …
  • Property information form. …
  • Mortgage details.

What is the process of selling a house in South Africa?

The guide to selling your home privately in South Africa

  1. Decide whether you want to sell using an agent or privately. …
  2. Determine the correct selling price for your property. …
  3. Get your home ready for sale. …
  4. Advertise your property. …
  5. Choose a conveyancer. …
  6. Conduct viewings of your home. …
  7. Finalise the house sale.
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What is the procedure of selling a house?

Steps involved in the Sale of a Property

Make a plan for listing, showing and selling your property. Determining the selling price and property inclusions come next. Property’s location, size, age, and features will be assessed, According to the current market and area trends. Agreement with your agent.

Do you need an electrical certificate to sell a house?

But is an electrical safety certificate, necessary to sell a house or flat? Perhaps surprisingly, the answer is no. Sellers are under no legal obligation to provide buyers with an electrical safety certificate – also known as an Electrical Installation Condition Report.

Do you need original deeds to sell a house?

In short, yes you can sell your house without the deeds, however you must be able to prove through other means that you are the owner of the property. As the deeds are the assortment of documents which usually prove ownership, proving it without them can be a more protracted process, but it is by no means impossible.

Do you pay tax when selling a house in South Africa?

You will only pay tax on a portion of the profit that you make from the sale. This means that you can deduct the cost of the asset (the base cost) from the proceeds of the disposal, as well as the agent’s commission on selling.

Who pays the transfer fees when selling a house?

And both parties should prepare financially before they either selling or buying a property because there are extra costs, legally and otherwise, on both sides. The buyer is responsible for the transfer fees and the bond costs if registering a bond with a finance provider.

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Who pays lawyer fees when selling a house in South Africa?

The property seller will have to pay three to six months’ worth of rates and taxes to the local council, so as to ensure those costs are covered during the home selling process. The seller will need to provide the attorney a certificate proving that the property is covered for these costs.

What is sale deed document?

A sale deed is a legal document that is used during a property transaction as an evidence of sale and transfer of ownership of a property from a seller to the buyer. This is the main document for the transfer of ownership. A sale deed is also referred to as the final deed or conveyance deed.

Is 2021 a good time to sell a house?

Homes are selling faster in 2021 than in any other time in recent history, potentially making it an excellent market to sell. But with record-low inventory, it’s an extremely competitive market to turn around and buy your next home. The decision to sell a home is a personal one — and for many people an emotional one.

Do I need an EICR certificate?

Is an EICR mandatory? The law requires you to have an Electrical Installation Certificate (EIC) if you have had any ‘notifiable’ electrical works carried out on your home since 2005. … The results of the Electrical Installation Condition Report should be kept as proof of the inspection.

Can I sell my house without a completion certificate?

Completion certificates are important when it comes to selling to your home because without one you could deter potential buyers. Also, mortgage lenders must be notified if the property doesn’t have a certificate, which brings in an element of risk.

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Do I need a Part P certificate to sell my house?

You don’t HAVE to get one done to sell. It is buyer beware and it is up to the buyer to have all the checks done prior to exchange of contract. Then it is no longer your responsibility. If you had major electrical work done then it would of required notification with building control.