Do You Have A Professional Assisting You With Property Registration?

We all need a place to stay, but buying a house is not as simple as browsing the market for what is available, choosing what you like and paying for it. There are a number of other factors to consider, such as home loan applications, property registration and bond transfers, depending on the nature of the property you are buying. These legal factors are taken care of by a property conveyancer. A conveyancer is a lawyer or legal representative that specialises in property law and if you choose your representative carefully, the transaction should go smoothly without unnecessary delays or hidden surprises.

The function of the property lawyer or conveyancer is to draw up the necessary contracts and review the existing contracts to ensure that everything is in order and that the transaction is legal and binding. This ensures your safety as buyer – something that is vital when it comes to transactions of these proportions. After your offer has been accepted by the seller, your conveyancer will request the title of the deeds of the property. Everything is checked and confirmed before the conveyancer finalises the contract of sale and confirm the details with your mortgage lender. They will then prepare the transfer deed which will be signed by you and the seller. After all of this has been completed, the conveyancer  will make arrangements for the transfer deed to be stamped, the stamp duty to be paid and the transfer deed to be sent to the South African Land Registry. This ensures property registration under your name and proves on record that you are the new property owner.