Guidelines To The Transfer
At RE/MAX, we believe that it is important for you to know what happens once there is a written agreement, which is signed by both Purchaser and Seller
1. After signature of the Deed of Sale, your Agent will forward all documentation to the transferring attorney, who in turn will send both the purchaser and seller a copy of the Agreement together with a cover letter.
2. The transferring attorneys will inform both parties when the DEPOSIT has been paid and when the BOND has been granted (if applicable). The bond application is processed and tracked by the agent and/or bond originator.
3. Once the bond has been granted, the seller must obtain the BEETLE AND ELECTRICAL CLEARANCE CERTIFICATES. The agent can arrange this on the seller’s behalf.
4. The documents required for transfer to be passed, are drawn up by the transferring attorney and are signed by both the seller and the purchaser.
6. TRANSFER DUTY is paid by the purchaser to the attorney who then pays the RECEIVER OF REVENUE (together with the proof of rates clearance). All tax affairs must be in order before the TRANSFER DUTY RECEIPT is issued or it will delay the transferring process.
7. The transferring attorney lodges all the relevant documentation including the Transfer Duty Receipt and Rates Clearance Certificate at the DEEDS OFFICE. The Bond Documentation – if applicable – will be lodged at the same time by the financial institution’s attorney.
8. The transfer and bond documents are inspected by the deeds registry, and if correct they come up for registration. At this stage, the purchaser must have the balance of the purchase price available and the financial institution’s attorneys should have the bond amount available. Should there be a delay in the availability of the funds, there will be a delay in the registration, which may be postponed for 3 – 4 days before the deeds are rejected and it will need to be re-lodged, which will take another 10 working days, before the property is registered in the purchaser’s name. If occupation is prior to transfer, an occupational rental is payable in advance (according to what is in the Deed of Sale)