Properties for sale

This is a public auction of a bonded property by the Sheriff of the Court. A sale in execution is usually the last step that is taken when clients are unable to honour their home loan repayments - the home loan is in arrears and all other efforts at rehabilitating the loan have failed.

This happens once the borrower has defaulted, and SA Home Loans purchases the property at the Sale in Execution because the reserve price was not achieved. 

Benefits of buying a repossessed property:

1. No Transfer Duty (VAT is included in the purchase price) 
2. Rates and Taxes are paid by SA Home Loans until the date of registration
3. The transfer is often much faster
4. In many instances repossessed properties may require repairs. This can create an excellent opportunity for an investor to upgrade the property for a profitable resale

This happens when a client, company or CC is declared insolvent or sequestrated by the High Court. A trustee or liquidator is appointed by the Master of the High Court to manage the estate, including disposal of property

This happens in the unfortunate passing of a client. One of the options available to the beneficiaries of the estate is to sell the bonded property. Once the estate is formally reported, the Master of the High Court appoints the Executor who is responsible for administering the estate including disposing of the property.

This service is provided to clients in financial distress. Our aim is to assist our clients with marketing their property to achieve the best possible sale price. The process begins by the client signing a mandate that allows SA Home Loans to list the property on My Roof (free to the client) and to appoint agents on our panel to market the property. The agents on our panel agree to reduced commissions on the successful sale of the property.  For more information, feel free to email us on: [email protected]