Selling property in South Africa may seem like a simple process once you engage with the services of a professional agency. However, there are a few things you need to take care of beforehand.
Here are some important tips to help reduce any risks as a seller.
Be Transparent About Material Faults
Faulty wiring, leaks, and structural damage are all faulty components that need to be disclosed before you sell.
The best practice is to complete a defects disclosure form and attach it to your offer of purchase.
Collate All Relevant Documents and Certificates
Get a head start on compiling all your compliance certificates. While the process of getting these in order can be quick and straightforward, major issues can severely delay the sale. Look into the specific certificates you need.
For instance, some municipalities may require one for water installations and standard certificates, such as electrical compliance certificates.
Get the Approved House Plans
If you've made any structural changes, ensure you have the permits and approved house plans. This shows future tenants that the work was conducted professionally and effectively.
It also helps avoid delays waiting for plans to get approval from the council.
Complete Repairs and Inspections
Conduct a thorough inspection to identify and correct any repairs. Ensure you’ve completed the most recent maintenance checks for all property components. Do this before listing your home to avoid potential dealbreakers during the negotiation process.
Declutter and Stage Your Space
A good presentation can attract potential buyers and streamline the selling process. Decluttering and de-personalising your home can help buyers envision their things or themselves in the space.
Be Open to Negotiations
Be accommodating to reasonable requests and be willing to negotiate in good faith. Potential buyers may request certain repairs or concessions before moving in, and be open to meeting them halfway. Coming across as stiff or not being accommodating can delay the entire process.
Partner With a Qualified Proper Practitioner
Choose to work with an experienced Property Practitioner with a strong track record and local market knowledge. This partnership will guide you through the process, help manage your expectations and ensure you’re proactively addressing issues.
Ensuring you’ve worked through these components will reduce the opportunities for mistakes or even expensive legal battles after the sale of your property. Essentially, a good Property Practitioner can help keep things running smoothly.
