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Wednesday, August 10, 2022

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Q: Apart from having my home ready for potential buyers to view, what else must I have in place to ensure that the sale is concluded smoothly?

Published Oct 11, 2020

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A: Certain compliance aspects are regulated by law, such as plumbing and electrical. Some municipalities have additional requirements, such as a beetle certificate.

The banks also require

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compliance certificates

when a mortgage loan is needed. Significant delays can be caused when sellers do not have approved plans.

When the submission of the plans becomes

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a condition of the sale

of the property, or a pre-registration condition of the buyer’s bank, which is an increasingly frequent situation, irregularities are detected that could ultimately result in the cancellation of a transaction.

There may also be additional compliance issues unique to the particular municipal area or property type that need to be dealt with, such as a gas installation certificate of conformity, electric fence certificate, regulations relating to the safety of swimming pools or a lightning conductor on thatched properties.

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– Gerhard van der Linde, managing director of Seeff Pretoria East

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