The Registration process of transfer

AN ESTATE AGENT PLAYS A VITAL ROLE IN ENSURING SECURITY OF YOUR INVESTMENT:

When the right property is found, a willing Purchaser puts in an Offer to Purchase – for the acceptance of the Seller, this agreement is then sent to the nominated conveyance attorneys – to start the process of changing the Registered Title Deed over the property to the name of the Purchaser.

This transfer process takes 3 – 4 months depending on the circumstances of each property transaction.

(View the TIME LINE of property transfer to Registration)

The Registration Process

South Africa has one of the best deeds registration systems in the world.

One has the option to purchase property in your own name or through a company or trust.

An investor should discuss the best method of purchase with their lawyer, as taxation benefits will vary.

Property may be owned on a freehold, leasehold or sectional title basis.

One exception of ownership is mineral rights, which belong to the government of South Africa. You may own the land in theory, but not the right to extract minerals from the land.

Real estate investments in South Africa are considered very safe.