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Real Estate FAQ
Looking for answers on common buying, selling, renting or home finance questions?
Browse our FAQ section or ask our MyProperty AI Bot
Legal FAQ Guide
Can a buyer or seller cancel an offer to purchase?
What is the difference between a latent and patent defect?
What are exclusive use areas?
What are the VAT implications for Property Sales and Rentals?
What is an electric fence compliance certificate?
more
Industry FAQ Guide
Who is required to have their annual financial statements audited?
How do you apply for a trust account exemption if you are an existing property practitioner who does not need a trust account and does not want to mandate a payment processing agent?
What are the criteria for a NQF4 qualification for real estate agents?
What is the function of the PPRA?
Who is the EAAB?
more
Buyer FAQ Guide
How much should you earn to afford a house in South Africa?
How much home can I afford in South Africa?
Who pays for transfer duty?
What does buy-to-rent mean?
Why is a home inspection important before I buy a home?
more
Home Loans FAQ Guide
Does extra payments on your bond help?
What are bond cancellation fees?
What are the different types of interest rates?
What is a loan to value ratio?
What documents do I need for a new home loan application?
more
Property Types FAQ Guide
What is affordable housing?
What is vacant land?
What is a game farm?
What is a duplex?
What is a townhouse?
more
Seller FAQ Guide
Is there a special levy when a sectional title is sold?
Should I open my home to viewings?
Should I make repairs to my home before I list?
How much will it cost to sell my home?
What is to be disclosed by sellers to purchasers?
more
Financial FAQ Guide
What are bank proceeds?
What is a balloon payment?
What is the general rule of thumb regarding VAT and property transactions?
What is Debt-to-Income Ratio?
What are the requirements for a property to be sold as a going concern (0% VAT payable)?
more
Rental FAQ Guide
What can I do if my tenant damaged the property?
Can I change the locks and lock my tenant out?
To what extent should a landlord maintain a property?
Can I evict my tenant?
What information should be in a lease?
more
General FAQ Guide
How does the property transfer process work?
What happens to the electricity account after registration?
What is occupational rent and how is it calculated?
How are property valuations done?
What is a home inspection?
more