Instalment Sales tricks & tips from a property law expert (Seller finance explained)

Busting myths around installment sales or "seller finance" as we like to call it.
Phatheka from SSLR explains in detail how installment sales work, she covers topics like:
1) How does the actual recording of the transaction work
2) What happens if there is a bond on the property - will the bank allow this?
3) How to make sure the owner doesn't run away with your money or sell the property without you knowing
4) What happens if the seller stops paying his bond, and you have been paying the owner?
You can find Phatekha on www.sslr.co.za
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[@amapianomusicsa5900]

Dude i just discovered you today. i love your channel, you just earned a subscriber

[@MyPropertyBusiness]

Thank you!! ❤️

[@mahlatseledwaba7020]

Thank you for the video. It's been very informative

[@MyPropertyBusiness]

Thanks! Happy that you are enjoying the content!!

[@andrewviljoen2567]

Excellent topic. Thanks for this. Also looking to become an investor in M5.

[@MyPropertyBusiness]

Glad it was helpful! and we are open for business... chat soon

[@tpraphulu6268]

Thanks for the info... I'd like to go for installment Sales Agreement but yet I don't know where to go about finding a seller, most that I had come across they not willing to enter into such method or way, so I was wondering if you would share with us where or how do we go about finding sellers who wants and willing to enter into installment Sales Agreement contract

[@MyPropertyBusiness]

Look for a property where the bank won't give a bond. Like a vandalised place or a property without building plans. Also commercial buildings are easier to get on installment sales. We had a webinar where we covered some of these tips. Check out this link. You can skip to around 30mins mark kzbin.info/www/bejne/mJPaaqWQf6yNjck

[@sqoches]

Very informative yet again, question : who's responsability is it to record the instalment sales at the deeds office? The conveyancer? And if not recorded, is the agreement not a binding document?

[@MyPropertyBusiness]

greetings, as the buyer you want to ensure your deal is secure. The conveyancer is working on your behalf. I hope it makes sense.

[@mahlatseledwaba7020]

Quick question, if the property is listed via an estate agent, how would you then work out how the agent will be paid their fees?

[@MyPropertyBusiness]

Anything is negotiable in an installment sale. So you can pay the agent and deduct from purchase price or the seller pays from the deposit. Whichever will cover the agent and they agree to will work...

[@jabutugwana8589]

How do we get in touch with Phatheka?

[@MyPropertyBusiness]

she is at SSLR Firm [e-mail]