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Understanding the Condition Report and Voetstoots Clause in South African Property Sales

Posted by Brian Mahachi on Thursday, September 5, 2024, In : Property Purchase 

Investing in property is a significant financial commitment, and the process is often filled with complex legal and financial documents, each carrying crucial implications. Among these, the condition report and the voetstoots clause are particularly important for both buyers and sellers to understand.

 

Why the Condition Report Matters

 

Arnold Maritz, Co-Principal of Lew Geffen Sotheby’s International Realty in Cape Town’s Southern Suburbs and False Bay, emphasizes the importan...


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Mastering Due Diligence Pt 3: Streamlining the Process with PropDD

Posted by Admin on Monday, July 31, 2023, In : Property Purchase 

Introduction

As highlighted in the first two blog posts in our series on “Mastering Due Diligence” for property investments, conducting due diligence is an essential step to make informed decisions and avoid being scammed. Traditionally, this process involved extensive manual research, which could be time-consuming and overwhelming. Thankfully, with advancements in technology, online due diligence resources like PropDD have emerged to simplify and streamline the entire process. In this b...


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Mastering Due Diligence Pt 1: Beware of Property Fraudsters

Posted by Admin on Monday, July 17, 2023, In : Property Purchase 

The rising cost of living and high unemployment rate have made scamming a widespread issue. People looking to purchase or rent a home should be knowledgeable of the variety of techniques used by fraudsters to avoid becoming a victim. Below are some of the scams that have been reported recently:

Rental Scams. People pretending to be landlords or agents may put up posts about properties that are either non-existent or not under their management. These postings can be found on legitimate websit...


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Avoiding Costly Surprises: Why a Pre-Purchase House Inspection is Worth Every Cent

Posted by Admin on Tuesday, June 20, 2023, In : Property Purchase 





Are you considering buying a new home? It's an exciting time, but it can also be a nerve-wracking experience, especially when it comes to making such a significant investment. One way to ensure you're making an informed decision is by getting a pre-purchase house inspection. While it may seem like an unnecessary expense, the truth is that a thorough inspection can save you from costly surprises down the line. In this article, we will explore the importance of a pre-purchase house inspection a...

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