KVV Inc AttorneysThe Law Society of South Africa's guide, "Buying or Selling a House," is a great starting point. Crucially, consult an attorney before making any offers or signing agreements. They can advise on ownership structures, legal implications, and potential pitfalls like bond clauses, defects, and zoning restrictions.
KVV Inc AttorneysPreparation is key to a successful house sale. A common pitfall is a poorly drafted "bond clause" (suspensive condition). This clause makes the sale conditional on the buyer getting a bond. Vague wording can lead to disputes. The clause should specify the deadline, amount, and what constitutes "approval." Buyers should consider specifying a maximum interest rate. Sellers might add a "72-hour clause." If the buyer can't secure a bond, the clause can be amended before the deadline, or the buyer can waive it (if for their benefit). Consult an attorney before signing any agreement.
KVV Inc. Attorneys: Celebrating 10 Years of Excellence in Property Law and Conveyancing.
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© KVV Inc. Attorneys 2025. All Rights Reserved. Privacy Policy | POPIA
KVV Inc. Attorneys: Celebrating 10 Years of Excellence in Property Law and Conveyancing.
Fostering Partnerships,
Driving Results.
© KVV Inc. Attorneys 2025.
All Rights Reserved. Privacy Policy | POPIA
