Chas Everitt Yzerfontein

01/06/2026

Transfer Duty in South Africa: Key Facts for Property Buyers
Transfer duty is the tax you pay when buying property in South Africa, governed by Section 2 of the Transfer Duty Act 40 of 1949 (TDA). It applies to immovable property and certain real rights, like long-term leases.

As the buyer (transferee), you’re responsible for paying it within six months of signing the offer to purchase. A clear understanding of how transfer duty is calculated, when exemptions apply, and how it interacts with VAT is essential to ensure a smooth and compliant transfer process.
Transfer Duty vs VAT
Transfer duty and VAT do not apply simultaneously to the same transaction. Where VAT is levied, transfer duty falls away.
Final Thought

Transfer duty remains a fundamental cost component in South African property transactions. Its calculation is value-based, its exemptions are specific, and its interaction with VAT can significantly influence the overall deal

26/05/2026

How to Clear Your Name After a Default Judgment Against You: Rescission of Judgments
Most people only become aware that a default judgment has been granted against them when the sheriff arrives with a warrant of ex*****on or when their credit applications are unexpectedly declined. A default judgment is usually issued when a defendant fails to enter an appearance to defend or does not attend trial, and in the Magistrates’ Court, this is regulated by Rule 12. The consequences are severe: adverse credit listings, attachment of assets, and, in some cases, ex*****on against property. A default judgment remains valid for thirty years, which means taking corrective action is essential.

Rule 49 provides a mechanism for applying to have such a judgment rescinded. Any party to the proceedings, or anyone affected by the judgment, may bring an application within twenty days of becoming aware of it. The court has a discretion to rescind the judgment if good cause is shown, and once rescission is granted, the matter proceeds as if no judgment had ever been entered. The defendant is then required to file a plea within the time periods set out in the rules. The effect of the rescission is that the action proceeds as if the judgment were not given, and the defendant must file a plea (within a time stipulated by the court rules).

Most people only become aware that a default judgment has been granted against them when the sheriff arrives with a warrant of ex*****on or when their credit applications are unexpectedly declined. A default judgment is usually issued when a defendant fails to enter an appearance to defend or does n...

26/05/2026

Weier jou huurder om te betaal? Die oplossing is eenvoudiger as wat jy gedink het
Namate die ekonomiese landskap van 2026 stabiliseer, staar verhuurders en bestuursagente aan die Weskus steeds die uitdaging van agterstallige huurinkomste in die gesig. Alhoewel die Wes-Kaap histories die beste betalingskultuur in Suid-Afrika handhaaf, kan ‘n skielike styging in agterstallige huurgeld jou bate vinnig in ‘n aanspreeklikheid verander. Die boodskap is duidelik: vinnige regmatige optrede kan help om verlies te vermy.

Die goue reël: prosedure is alles

Wanneer dit kom by skuldinvordering, is dit die klein detail wat die meeste saak maak. Die eerste stap vir enige verhuurder is om streng by die bepalings van die huurooreenkoms en die Wet op Verbruikersbeskerming (WVB) te hou. Sodra ‘n huurder versuim om te betaal, moet ‘n formele kennisgewing van kontrakbreuk uitgestuur word. Dit gee huurders gewoonlik 20 besigheidsdae om die fout reg te stel, voordat die kontrak gekanselleer kan word.

Namate die ekonomiese landskap van 2026 stabiliseer, staar verhuurders en bestuursagente aan die Weskus steeds die uitdaging van agterstallige huurinkomste in die gesig. Alhoewel die Wes-Kaap histories die beste betalingskultuur in Suid-Afrika handhaaf, kan ‘n skielike styging in agterstallige huu...

21/05/2026

12/05/2026

At Chas Everitt, high standards guide everything we do.

From preparation to presentation, we manage every detail with care - so your property journey delivers the results it should.

Let’s navigate your journey together. Speak to a Chas Everitt agent
https://www.chaseveritt.co.za/

09/05/2026

🚧 There’s a boom in boomed estates…but is it all boom and no bust?

Estate living is more popular than ever - offering security, lifestyle perks, and that “lock-up-and-go” convenience we all love. Before you fall in love with the entrance gate and manicured lawns…let’s talk about what’s happening behind the boom 👀.

🔑Key questions to ask before you buy:
🔐Is the security actually effective? Cameras and gates look great…yet how well are they managed day-to-day?
💰Are the levies realistic (and sustainable)? Low levies now can mean big increases later. Ask what they cover - and what they don’t.
📊Is the estate financially healthy? A well-run body corporate = fewer surprises and smoother living.
🏡What are the rules? From renovations to pets to parking - make sure the lifestyle fits your lifestyle.
📍What’s the long-term plan? Future development, maintenance, and growth can impact your investment.

Estate living can be amazing…if you know what you’re buying into.

📱Contact us on 022 125 0038 or send us an email to [email protected].

09/05/2026

09/05/2026

🏗️ Plot & Plan: You choose your plot and your home design - then it gets built.

Best for you if:
✅ You want to customise your home
✅ You’re happy to wait for construction
✅ You like the idea of creating something uniquely yours

🏡Turnkey Homes: What you see is what you get - the home is already built (or nearly done).

Best for you if:
✅ You want a quicker move-in
✅ You prefer less decision-making
✅ You like knowing exactly what you’re buying

There’s no “one-size-fits-all” - it all comes down to your lifestyle, timeline, and how hands-on you want to be. Both options can still be purchased directly from the developer, which can remain cost-effective, and in both cases you would still qualify as a first-time buyer.

Exploring developments on the West Coast? Let’s help you find the option that fits your life (and your timeline).

📱Contact us on 022 125 0038 or send us an email to [email protected].

09/05/2026

Ten things bond originators wished you knew before applying for a home loan
Article highlights:
Bond originators help home loan applicants secure better interest rates by submitting applications to multiple banks and negotiating on your behalf, instead of relying on a single bank offer.

Your credit score and overall financial profile play a major role in home loan approval, influencing both affordability and the interest rate you’re offered.

Home loan pre-approval gives buyers clarity and credibility, helping you understand what you can afford and strengthening your position when making an offer on a property.

Deposits, employment status and timing all affect your home loan outcome, but self-employed buyers and those without deposits can still qualify with the right guidance.

Bond originators work for the buyer, not the bank, managing paperwork, avoiding delays and helping you make informed decisions at no cost to you.

Home loans come with a lot of forms, numbers and new terms – but they don’t have to be confusing. There’s paperwork, bank jargon and big financial decisions – often all at once. Bond originators see the same mistakes, misunderstandings and surprises over and over again.

Here are 10 things your bond originator really wishes you knew before you apply – because knowing them upfront can save you time, stress and money.

Your credit score matters more than you think
Your credit score doesn’t just affect whether you’re approved – it affects the interest rate you’re offered. Even a small difference in rate can cost (or save) you thousands over the life of your bond. Check your credit record early and fix any errors before applying.

One bank offer is rarely the best offer
Many buyers go straight to their own bank and assume loyalty will be rewarded. Often, it isn’t. Different banks assess risk differently. Bond originators submit your application to multiple banks at once, increasing your chances of better rates and terms.

Pre-approval gives you real buying power
A pre-approval isn’t just a “nice to have”. It tells you what you can realistically afford and shows sellers you’re serious. It also helps prevent heartbreak when you fall in love with a home that’s out of budget.

Your monthly affordability isn’t just about the bond
Banks look at your full financial picture – not only the bond repayment. Credit cards, store cards, car finance, subscriptions and personal loans all count. Reducing debt before applying can significantly improve your affordability.

Being self-employed isn’t a deal breaker
Self-employed buyers often assume approval will be difficult. It can be more complex, yes – but not impossible. With the right documents and guidance, bond originators know which banks are more open to self-employed applicants.

Deposits help – but they aren’t always required
A deposit can improve your interest rate and approval chances, but not having one doesn’t automatically disqualify you. Bond originators help match your profile to banks willing to finance higher loan-to-value offers.

The cheapest rate isn’t always the best option
Interest rate matters, but it’s not the only factor. Fees, loan structure, flexibility and future costs also play a role. A bond originator looks at the full offer – not just the headline rate.

Timing can affect your outcome
Applying for a bond just after changing jobs, taking on new debt, or missing payments can work against you. Sometimes waiting a few months can make a meaningful difference to your approval and rate.

Paperwork delays are avoidable
Missing documents are one of the biggest causes of delays. Bank statements, payslips, tax certificates and IDs all need to be up to date and clear. When everything is submitted correctly the first time, approvals move faster.

Originators work for you, leveraging long-standing bank relationships
This is the big one. Bond originators are there to represent your interests, compare options, negotiate with banks and guide you through the process – at no cost to you. Their job is to help you make a better, more informed decision.

A home loan is the biggest financial commitment you’ll ever make. The more prepared you are, the smoother the process will be – and the better your outcome is likely to be.

Bond originators see behind the scenes of bank decisions every day. Tapping into that experience before you apply can make all the difference between an average offer and a great one.

Ready to take the next step on your homebuying journey?
After you’ve been pre-approved, BetterBond will submit your home loan application to multiple leading banks – including your own. When your application comes from BetterBond, the banks compete for your business. This gives the BetterBond home loan consultants the unique opportunity to negotiate even better offers on your behalf. When all the best offers are on the table, you choose the one that’s a perfect match for your budget. What’s more, BetterBond doesn’t charge you for their services – the bank gives them a once-off fee for your business. And that’s the BetterBond Promise in action.

05/05/2026