Information on Purchasing Property in South Africa

ID #3581

Can I get a bank Guarantee from a bank outside of South Africa when purchasing property?

Can I get a bank Guarantee from a bank outside of South Africa when purchasing property?

Most of the time when purchasing a property in South Africa the transferring attorney will not accept a guarantee from a band outside of South Africa.  You would have to send the money over to South Africa and either put it into a bank in South Africa or transfer the money into an attorneys trust account, to be held by the attorney until day of transfer. 

This information was supplied by kate@sahomebuyers.co.za

For more usefull information see links below:-

SA Homebuyers

Would you recommend getting an attorney not elected by the seller to advise me through the purchasing process?

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Last update: 2008-12-03 10:37
Author: claus lauter
Revision: 1.0

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