Property Archives - Andrew Goldschmidt

02 Aug 2022

12 Questions to Ask Before You Sign That Deed of Sale

ArticlesProperty

Whether you are buying or selling property, remember that it is too late to ask questions after you sign the Deed of Sale (often called a “Sale Agreement” or “Offer to Purchase”). “Knowledge is power” rings particularly true when it comes to any form of process with significant legal consequences, so here are some of the important questions you should ask upfront, before you commit to anything - 1. What do all the terms and conditions (particularly the legal-speak bits) in the Deed of Sale mean in practice? 2. Are my rights adequately protected and my risks minimised by the…

02 Jul 2022

By Andrew Goldschmidt

Buying and Selling Property: Who Pays What Costs?

ArticlesConveyancing, Property

Don’t risk not knowing what you’re doing when you either sell or buy property. Avoid nasty shocks by budgeting properly for the costs you will incur – some of them can be substantial, and some are less obvious than others. The checklists below are of necessity not exhaustive and you would do well to take specific professional advice and to get cost quotes before you finalise your financial planning. The costs you will pay as purchaser In the excitement of buying a house (particularly if it’s your first one!) it’s easy to underbudget and forget all the amounts of money…

01 Oct 2021

By Andrew Goldschmidt

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Property Sellers: Why, How and When to Choose Your Own Conveyancer

LegalProperty

For many of us, our home is our most important asset so when it comes time for us to sell, do everything possible to ensure that your interests are fully protected, that the sale goes through quickly and smoothly, and that you are paid without unnecessary delay. Appointing the right conveyancer is key here. Let’s have a look at the “Why, Who, How and When” of it… Why do I need a conveyancing attorney? Legal ownership in “immovable” or “fixed” property (that is, land and permanent attachments such as buildings) can only be transferred from seller to buyer through a…

05 Jul 2021

By Andrew Goldschmidt

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Buying Property from a Company – Should You Buy the Shares or the House?

LegalProperty

You find the house of your dreams, agree on the price and get ready to put pen to paper. The house is in the name of a company, and you are offered a choice – either buy the house out of the company or take over the company (which owns the house and nothing else) by buying the shares and thus avoid the delay and cost of a normal property transfer and registration in the Deeds Office. What should you do? There are a host of both practical and legal factors to consider before deciding. Holding property in a company…