Integrity l Ethics l Attentiveness
Attorneys | Conveyancers
The firm’s primary area of practice is real estate and as such to specifically meet your high service level standards, the firm has a strict time frame within which particular steps have to be completed in order to promptly conclude the whole cycle of a transaction.
How It Works
Let Us Guide You
The firm has a strict time frame within which particular steps have to be completed in order to promptly conclude the whole cycle of a transaction.
Lawyer Or A Conveyancer?
What is the difference between a lawyer and a conveyancer?
The main difference is that a conveyancer only specialises in the process of conveyancing,
being the transfer of ownership of property between parties, and a lawyer has a broader range of legal services
that they can provide in addition to property law and conveyancing.
being the transfer of ownership of property between parties, and a lawyer has a broader range of legal services
that they can provide in addition to property law and conveyancing.
Are Licensed Conveyancers lawyers?
Licensed Conveyancers are specialist property lawyers. Most focus on residential conveyancing, although a few take on commercial property and probate work.
All Licensed Conveyancers are office based, so are easy to contact at all times.
All Licensed Conveyancers are office based, so are easy to contact at all times.
Who chooses the conveyancer?
As to why does the seller have the prerogative to choose the conveyancer, it is because both the Deeds Registries Act and our Common Law prescribe that only the owner can transfer ownership and normally the seller chooses his representative (his conveyancer) to do it for him,” concludes Sampson.
How long is the conveyancing process?
The conveyancing process usually takes between 8 and 12 weeks but will vary. Depending on your situation, your case can take much longer than 8-12 weeks. Conveyancing can take a long time for many reasons. Each step of the process must be completed correctly to avoid even further delay.
The
Conveyancer
Our Speciality Is your Seemless Transfer!
- A conveyancer is an attorney who has specialised in the preparation of deeds and documents which by law or custom are registerable in a Deeds Registry. Before an attorney is permitted to practice as a conveyancer, he/she must successfully pass a written examination and an optional oral, and also further be admitted to practice as such by the High Court of South Africa. Needless to say a person cannot be admitted as a conveyancer, until he/she has been admitted to practice as an attorney.
Selling A House?
What does conveyancing mean when selling a house?
Conveyancing is the process of legally transferring home ownership from you, the seller, to the buyer.
It starts from accepting an offer and finishes with the registration of the transaction in the Deeds Office.
Stages Of Conveyancy Services
The Stages Summarised In General
Step 1
Conclude a Written Sale Agreement
The buyer will in general be responsible for payment of all relevant transfer and bond registration costs, inlucing transfer duty (if applicalble) as well as the Deeds Office Registry Fees. The Seller is ordinary liable for payment of the estate agent commission, costs associated with Compliance Certificates (electrical, gas, etc.), the Rates Clearance Figures and the Bond Cancellation Costs.
Conclude a Written Sale Agreement
Step 2
Documentation to Conveyancing Attorney
The Transferring Attorneys will request payment from the Buyer of a deposit into their trust account and then collect all the required documentation and information from the Seller and Buyer. Once all the information and documentation have been provided, the Transferring Attorney can ensure FICA compliace as required by law, do a search on the property, the Seller and the Buyer to make sure no prohibitions exist with regard to the property and/or the Seller and/or the Buyer, and request the Seller’s Bond Cancellation Figures.
Documentation to Conveyancing Attorney
Step 3
Suspensive Conditions to be Met
The deal may only proceed once the suspensive conditions in the Sale Agreement are met (such as the sale of the Buyer’s existing property).
Suspensive Conditions to be Met
Step 4
Preparation and Signing of Transfer Documents
Once the suspensive conditions have been met, the transfer and bond documents can be drafted:
The Buyer and Seller will sign all the documents applicable with regard to the transfer, registration of the Buyer's Bond and the cancellation of the Seller's Bond at the respective Conveyancing Attorneys.
At this stage, the Transferring Attorneys will request the Rates Clearance Figures form the relevant Local Authority and once the figures are received, the Seller must pay it as soon as possible to avoid any delays in the process.
Preparation and Signing of Transfer Documents
Step 5
Guarantees
The Bond Registration Attorneys will provide guarantees issued by the Bank to the Transferring Attorneys, who in turn will provide the relevant guarantee to the Bond Cancellation Attorneys.
Guarantees
Step 6
Documents Prepared for Lodgement at Deeds Office
Once all Bond, Bond Cancellation and Transfer Documents have been signed by the relevant parties, all costs paid, and all compliance certificates obtained, the documents can be prepared for lodgement at the Deeds Office.
Documents Prepared for Lodgement at Deeds Office
Step 7
Deeds Office Process
The respective Conveyancing Attorneys will simultaneously lodge all the relevant documents at the Deeds Office as all the transactions are registered concurrently. The process at the Deeds Office can take approximately 2 weeks.
Deeds Office Process
Step 8
Registration and Proceeds
The Conveyancing Attorneys appear at the Deeds Office to register the Deed, the Buyer’s Bond and the Cancellation of the Seller’s Bond respectively. Ownership will now pass from the Seller to the Buyer.
On date of registration, payment will be made in terms of the guarantees and the Transferring Attorneys will in turn pay out the Seller the outstanding balance.
Registration and Proceeds
Step 9
The Final Stage
The Deeds Office releases the documents lodged and registered once all data pertaining to same have been captured. This may take anytime from a forthnight.
The original Deed of Transfer is collected by the Transferring Attorneys and delivered to the Bond Registration Attorneys, who in turn provides it to the Bank as security for the loan granted to the Buyer.
The Final Stage
About Us
Integrity l Ethics l Attentiveness
- The firm’s primary area of practice is real estate and as such to specifically meet your high service level standards, the firm has a strict time frame within which particular steps have to be completed in order to promptly conclude the whole cycle of a transaction.
- In addition to the punctual registration of each transaction, the firm has a high regard for communication. It is an essential factor to keep the agent and/or seller and/or buyer well informed of the status of a transaction. Frustration and uncertainty correspond in nature and accordingly to prevent discouragement and all the adjoining difficulties, notifications of the status of a transaction is send on a regular basis.
- A third key aspect not only for the firm, but the starting point of anything significant is understanding. Any client feels more secure if he or she understands the basis of the procedure, steps to be followed and the time frame coupled with same. Since any enterprise’s success is determined by its clients and not its own accord, the above form one of the cornerstones of the firm: attentiveness.
CONTACT US
Would you like us to contact you about something specific?
Contact Berna to coordinate and complete your real estate transaction seamlessly.
BY APPOINTMENT ONLY
- berna@svincorp.co.za
- 071 685 8556
- 051 525 9844
- 20 Groenvlei Avenue, Groenvlei, Bloemfontein, 9301
- COVID-19 OFFICIAL LINK
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