The registration process
This is how our registration process works. Kindly take note of all the relevant steps required up to and including the date of registration.
|
1
|
Completion of Agreement of Sale |
|
2
|
Purchaser applies for a loan |
|
3
|
Wilsenach van Wyk Johannesburg is instructed by the Agent |
|
4
|
Request Cancellation figures for the Seller’s bond |
|
5
|
Request rates / levy clearance figures from the Local Municipality / Managing agent |
|
6
|
Purchaser’s Mortgage bond finally granted |
|
7
|
Title deeds obtained from holder |
|
8
|
Documents signed by Seller & Purchaser |
|
9
|
Pro-forma transfer costs obtained from the purchaser |
|
10
|
Guarantees obtained |
|
11
|
Transfer duty / VAT / exemption obtained from SARS |
|
12
|
Rates clearance obtained from local municipality |
|
13
|
Electrical clearance certificate obtained |
|
14
|
Transfer ready to lodge |
|
15
|
Bond cancellation & the new bond ready to lodge |
|
16
|
Lodge at deeds office (Number 14 & 15 must be lodged simultaneously) - usually 8-12 working days |
|
17
|
Deeds come up for prep |
|
18
|
Registration |
|
19
|
Sale proceeds and commission distributed |
The registration process takes about 2 months in total, but because of the involvement of several other parties (such as the Bank, SARS, and Local Municipalities etc.), this process may be prolonged.