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ASSOCIATED COSTS WITH CONVEYANCING

Submitted by • about 2 weeks ago Website: vdslaw.co.za

VanderSpuy Cape Town prides itself as one of the most respected firms in South Africa. Our roots can be traced back as early as the late 1800’s when Van der Spuy & Partners opened in Paarl. Van der Spuy & Partners opened a branch office in Cape Town which later operated as a separate and independent law firm, now practising as VanderSpuy Cape Town.

The South African conveyancing process ensures that property ownership is secure and guaranteed. Each property capable of private ownership is reflected on a diagram in the Surveyor-General’s Office and ownership is passed upon registration of the property in the name of the purchaser at the applicable office of the Registrar of Deeds. Conveyancing attorneys prepare the necessary documents, obtain the required clearances and interact with the Deeds Registry to transfer ownership from sellers to purchasers.

Most first-time buyers do not anticipate what the costs of conveyancing can amount to and prospective purchasers must pay careful attention to these costs before committing to any property acquisition. Leading conveyancing attorneys Cape Town and throughout South Africa.

There are 2 main costs associated with buying a property in South Africa: costs associated with the purchase of the property (which includes the purchase price and the cost of transferring ownership) and costs associated with any bond that you may take out to finance your purchase. The bulk of these costs are paid by the purchasers. The costs involved increase in accordance with the value of the property, the higher the value, the higher the cost.

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