When are the transfer and bond costs payable?

We shall inform you as soon as you must pay the costs into our trust account. The transfer or the bond cannot be registered before the costs have been paid in full. The costs can, therefore, unfortunately, not be paid off in instalments after the registration date. Volker Krüger

Read more...

Can the bank withdraw my loan?

Yes. If you, for example, incur more debt after the loan has been granted, the bank might decide to withdraw the loan. Also, if there has been a negative change in your credit record, for example, where you failed to pay any debt instalment, the bank might also cancel your loan. Volker Krüger

Read more...

How much are the transfer and bond costs?

We follow the relevant guidelines. You can have a look at the guidelines by clicking on this link (the transfer and the bond costs are linked to the relevant amount; in other words, the purchase price or the bond registration amount determines the costs): https://costcalculator.korbitec.com/53760037-9d42-4561-bc14-65285fc484b5 We shall provide you with the costs applicable to your […]

Read more...

How long does the transfer of a fixed property take?

Anything between four weeks and four months or sometimes even longer. The time frame depends on various circumstances beyond our control; for example, the cooperation we get from the banks, the municipalities (issuing of clearance figures and clearance certificates), SARS (issuing of the transfer duty receipt), transferring or bond attorneys attending to linked transactions, the […]

Read more...

Owner, where is your title?

For any transaction regarding land in the Deeds Offices, the Deeds Registries Act, 47 of 1937 requires that the original deed(s) be lodged. If  the original is lost (or the original cannot be found) one must apply for a replacement copy thereof. The Regulations regulating the replacement of original Deeds changed again recently. The previous […]

Read more...

Should I purchase the Shares or the Property?

The purchaser has found a house that is in the market for R2m. The seller informs him that the house is registered in the name of a company. He suggests to the purchaser that the shares in the company are sold and transferred instead of the property. Would this be a good idea for the […]

Read more...