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Property Transfer Process in South Africa
When property changes hands, a formal transfer process takes place. Here is how it works.
A property transfer is the legal process of changing ownership from one person to another.
The Transfer Process
- Sale agreement — buyer and seller sign
- Bond approval — bank approves financing
- Conveyancer appointed — attorney handles the transfer
- FICA compliance — identification documents
- Lodging at Deeds Office — documents lodged
- Registration — transfer registered (2-3 weeks)
Costs
Transfer costs include transfer duty, conveyancing fees, and Deeds Office fees.
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