FAQs. How to privately sell your property in South Africa.
Selling your home privately in South Africa Today. How?
Whether selling your property through the Owner Selling property platform, or through an agent, a well maintained, de-cluttered home will stand out from other properties for sale. This will create a better impression for the potential buyers. Make sure any basic repairs and maintenance issues like leaky taps, broken tiles, gutters, faulty switches and broken windows. Homes that are well presented and well maintained typically sell faster than those that are not. For more information and some healthy tips on getting your property ready for sale, click here.
When putting your property on the market, it is very important to correctly price your property for the current market. Fair market valued properties, sell faster and have a higher interest rate than properties that are over priced. A property that is badly priced will take longer to sell. Research your asking price by getting to know your local market.
Photographs are a major factor. Take good photos from the most appealing angle and in good light. Write a detailed description about your property and highlight some of its features. You can include some details about the surrounding neighbourhood, these can include schools and shops.
Selling privately has cost benefits since there is no agent commission and allows you to be in complete control of the selling process. Studies show that over 80% of property searches today begin online, so a good property website like the Owner Selling property platform can help make selling privately the right choice.
Interested buyers will be in touch to view your home. You can decide whether to host a show day or arrange views by appointments. As a optional extra, Owner Selling can supply For Sale & On-Show boards for the outside of your property.
What to do to be safe when offering a property viewing or show house?
As the seller, you will need to choose a conveyancing attorney to handle the legal work to transfer ownership of the property. Attorneys will be able to supply you with the relevant paperwork like an offer to purchase, and with any legal advice that you may require.
What is a conveyancing attorney and what will they do for me when selling a property?
Interested buyers will send through an offer to purchase. Your conveyancing attorney will supply you with the offer to purchase document which includes the property description, the purchase price, occupational rent amount and occupation date, special conditions and any other relevant information. If you wish to accept the offer and sign it, then it becomes a legally binding contract and can be submitted to your conveyancing attorney.
Your conveyancing attorney will receive the signed offer to purchase, complete a number of tasks, liaise with various parties and lodge the sale documents at the Deeds office. This process can take up to 3 months after which the property will be transferred from your name to the buyers and the conveyancing attorney will ensure you receive the proceeds of the sale.