In the town of:
Cape Town Blaauwberg:
Blaauwberg property and what tourists should know!
Visitors to Cape Town are often interested about What is happening in the property market.
Often when you are a visitor to another country it seems a daunting task to purchase a property and understanding how the transfer process works.
In South Africa the transfer process take approx 2 months.
The purchaser would need to put an offer to the seller in writing in the form of an offer to purchase. This would include price, date of transfer, date of occupation and other clauses, eg voetstoots, meaning you buy what you see. etc,
The seller would need to supply you with a copy of an electrical certificate at his cost.
The banks will lend money to foreigners in the form of a bond, but 50 % of the price would need to be in cash.
Check out my website for info, we are a husbandandwifeteam at remax in the blaauwberg, Cape Town area