Things to know when selling your property

April 18, 2023

When property owners in South Africa want to sell their property, they often have specific
questions and concerns related to the local real estate market and regulations.

What is the current market value of my property?
The market value of your property can be determined by consulting with a local real estate
agent or valuer who can assess comparable sales in your area.

How long will it take to sell my property?
The time it takes to sell a property can vary depending on factors such as location, condition,
and demand. On average, it may take a few months to sell, but it can vary significantly.

Should I hire a real estate agent?
Hiring a reputable real estate agent can provide you with valuable expertise, marketing
resources, and a wider reach to potential buyers.

What are the costs associated with selling my property?
When selling a property in South Africa, you should consider costs such as agent commission,
bond cancellation fees (if applicable), upfront municipality and levy fees, and compliance
certificates. These costs can vary, so it's essential to consult with professionals to get accurate
estimates.

Are there any legal or regulatory requirements I need to fulfil when selling my property?
Yes, there are several legal and regulatory requirements when selling property. These include
obtaining a valid electrical compliance certificate, beetle certificate, and gas compliance
certificate, if applicable. It's crucial to consult with a conveyancer to ensure compliance.
Make sure your building plans are up to date, approved and signed off, if you made any
changes on your property. You will sign a document where you declare all the defects on the
property - you do not need to fix it before the sale if you do not want to, but make sure you
disclose it all as it has legal implications if not disclosed

What documents and paperwork do I need to gather when selling my property?
The necessary documents typically include the title deed (normally kept at the bank where
your home loan is), rates and taxes clearance certificate, proof of identity, and any relevant
compliance certificates. The conveyancer (attorney) will provide a comprehensive list of
documents required for your specific situation.

How can I maximize the sale price of my property?
Consider enhancing its curb appeal, addressing any necessary repairs or renovations, staging
the property, and pricing it competitively based on market conditions. An experienced real
estate agent can provide guidance on optimizing the sale price.

Are there any specific local zoning regulations that could affect the sale of my property?
Yes, specific zoning and planning regulations can impact the sale of a property. It is crucial to
consult with local authorities or a town planner to ensure compliance and to determine if any
restrictions or approvals are necessary for the sale. Your agent will also be able to inform you
of your current property zoning.

How can I ensure a smooth closing process and transfer of ownership when selling my property?
Engaging a qualified conveyancer or attorney experienced in property transfers is crucial for
ensuring a smooth closing process and transfer of ownership. They will handle the necessary
legal documentation and liaise with all relevant parties involved.

Remember, specific circumstances may require tailored advice, so consulting with
professionals such as real estate agents, conveyancers, and attorneys is recommended to
address your unique situation when selling a property.