Selling & Buying Properties During Coronavirus

Keeping the Light on 

How do we continue buying or selling properties in light of President Cyril Ramaphosa’s declaration of the COVID-19 pandemic as a national disaster? How do we to continue providing value-adding, secure and safe property services?


“We recommend the following TIPS for home buyers, sellers, property sales agents and professionals to beat the slump this virus could cause in the property industry,” says De Waal:

  1. Minimize personal showings of properties for sale: 

With the latest Virtual Reality Tour software and services available, a home buyer need not leave his or her own home or office to view 5 – 10 properties they have identified to buy.

  1. Property due diligence:

A property that is purchased is not issued with an “AA” or “roadworthy certificate”. No need to visit the property personally for an inspection – get a professional to do it for you.

  1. Do your own home loan online pre-qualification check before you buy:

Make use of the latest online home loan prequalification software available and obtain real-time bank statements. This software can provide a quick result and give you an outline of the home loan you ought to qualify for.

  1. Home Loan application:

A home loan application can usually be submitted online via email to a mortgage originator or directly to a financial institution. If required, the original documents can be dispatched per courier to avoid unnecessary face-to-face contact.

  1. Is a Government FLISP subsidy required for a first-time home buyer? 

Find out before you apply for a home loan with the FLISP subsidy calculator what subsidy you may qualify for. Get the FLISP support service team to assist with your application and avoid standing in queues.

  1. Need alternative property finance?

Obtain a pre-approval certificate to secure your property with Rent2buy Finance. Rent2buy Finance is available for properties in the price range of between R400 000 – R1,8 million; and are available in areas such as Cape Town Metro, Gauteng and Bloemfontein. 

  1. Buying a property? Work out your budget:

Make use of this handy transfer and bond cost calculator tool – you need to budget for the attorney transfer and bond registration costs when you purchase a property.

  1. Selling a Property? How much tax will I pay?

Make use of available online tools that can get you a quick result. Calculate your own capital gains tax in advance – you want to know how much you will end up with in your pocket after the property sale and settling the CGT.

  1. Signature of Documents:

Deeds of sale, transfer and bond registration documents:

    1. A deed of sale must be in writing and signed by both the seller and purchaser. Most financial institutions also require that two witnesses must attest the document. Many times, a deed of sale is circulated via electronic communication (email) and signed by the parties without actually meeting one another.
    1. Transfer documents must be signed in person by the seller. Mortgage documents must also be signed by the purchaser. Find out in advance the Covid-19 protocol of the transferring or bond attorneys.
  1. Consulting with your transferring attorney or Rent2buy Finance Advisor:

With today’s communication technology you do not need to come in to your attorney’s or Rent2buy advisor’s office to consult with them regarding your transfer. Email, telephone or video chat are all useful tools to allow you to communicate with your professional so that you stay up to date with your transfer.

  1. Shaking hands no longer seals the deal!

A good handshake no longer seals the deal, your signature is all that is needed. Professionals in the property market are there to assist you in any way possible. They won’t be offended if you opt for the elbow.

  1. Corona Virus can’t be transmitted through online banking:

Many property buyers still opt to go to their nearest bank branch in order to make payments. Online banking is a safe and user-friendly platform that will allow you to make payments for your bond or transfer costs in a safe and secure manner. Contact your personal banking institution to sign up for their online banking services.


The property industry needs to be innovative in order to continue to function and provide the safest and most secure interaction between property sellers and buyers and other stakeholders.

“Already some home buyers are discouraged from buying a property as we are facing uncertain times, and buyers are reluctant to attend meetings or commit themselves to financial obligations.

Investing in property still remains one of the most secure investments you can make. If one compares a property investment to the “crash” that that the Corona Virus caused in the Stock Exchange, it is plain to see property is a safe investment.

The reality is that in South Africa, the supply and delivery of housing must to continue to meet the dire need for a roof over one’s head. Virtual online support, services, software and products can assist in many ways. This industry has the all the tools it needs to meet this challenge head on, and continue to provide professional services to sellers and purchasers,”  says De Waal.