Page 5 - FWG Issue 6 July 2024

PASSION FOR PROPER T Y
2 Bedroom, 1 bathroom,
Call: (010) 109 0080 | WhatsApp: 076 393 5429 | Website: thegoldavenue.co.za
Address: Illovo Point, 68 Melville Road, Illovo, Sandton Sales Property Practitioner Sales Property Practitioner Rentals Property Practitioner
*T’s & C’s apply
& People
SELLER GUIDE WHEN
SELLING
If you are selling your property, there are several things to consider:
1 Locate your Title Deed, you will need it during the process of
transfer.
2 Make sure that you know what costs you are responsible
for.
3 If you still have bond nancing in place please notify your
bank that you are going to be selling your property. This will
ensure that you do not have to pay bond cancellation
interest penalties. They require a 90 day notice period.
4 If you receive a conditional o er (subject to the sale of the
purchasers property) with a rati cation clause, read through
the paperwork carefully. You are not obliged to give the
agent a sole mandate for the sale period. This must be your
decision. It may compromise you if you are really in a hurry
to sell, and it blocks other agents from helping you.
5 The mandatory property condition report is urgent. You
need to complete this as soon as possible. Record any
maintenance issues or defects you have experienced at the
property. Be clear as to who will x any defects for example,
water ingress from the balcony onto the covered patio. This
could be a huge job if you need to remove all the tiles and
re-waterproof etc. So, declare it and if you cannot a ord to
x it, write “seller not repairing”. If you decide to do the repair
work, try and get a warranty from a reputable contractor for
the buyer. Just be as honest as you can for transparency.
A sale in South Africa is still “voetstoots” but, buyers are
working through the condition reports as though they are
snag lists. So, be prepared and clear in your report to ensure
a smooth process.
6 Complete the agent mandate to sell. Agents must have this
document to meet the PPRA requirements.
Call our team of FWG specialists with any assistance you may need. We
have years of experience to share with you.
Gaye CHLOË Sue
083 601 1593 082 501 8800 082 452 0086
gaye@gcr.co.za chloe@gcr.co.za sue@gcr.co.za