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Selling a property can be a daunting undertaking for a property owner – especially if it is your home and largest asset. As a seller you want to make sure you make the most you can out of the sale, cover what remains on your existing bond and any other expenses and ideally realise a profit.
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Knowing the amenities in the area – before making a purchase – will help to determine the future sale-ability of the property.
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The City of Cape Town Valuation office is currently preparing the 2018 General Valuation Roll (GV2018) which will be published in February 2019.
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The City of Johannesburg recently announced a deadline of 6 April 2018 by which affected property owners can lodge objections to the General Valuation 2018 and provide further information of relevance to the review process. So far more than 4000 objections have been submitted. However, the lodging of objections does not release the owner from the requirement to pay rates and taxes as set out in Section 50 of the Local Government Municipal Property Rates Act.
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