Attorneys take the lead
According to a recent IOL Property news report, Trade and industry minister, Rob Davies, announced that the Amended Property Sector Code had become binding on entities and organizations operating in the property sector. binding Davies approved the gazetting of the Amended Property Sector Code in terms of Section 9 of the Broad-based Black Economic Empowerment Act on June 28.
Property attorneys have already embraced the Amended Property Sector Code by introducing their experience, skills, legal training and expertise to assist with the transformation in the property sector. We combine the latest Property Technology developed by fellow attorneys, working with other leaders in the Property Technology industry.
Whether you want to sell your residential property or buy a new real estate investment, a house or an apartment, your Property Angel is here to help you find your enchanting home.
Property Angels – Success Together
We started with a group of 4 property attorneys with a combined property experience of over 100 years, says Meyer de Waal, a conveyancing attorney in Cape Town.
The initiative is growing by the day, with more attorneys joining to contribute. We are excited that our contribution can make a difference, as attorneys are vital role players in the property sector.
Attorneys have also entered the property market in the marketing and selling of properties. An attorney is suitably equipped to assist all parties with the negotiations to close a property transaction.
Attorneys have access to property tools such as up to 9 online property listing portals. Virtual reality tours to showcase properties for sale, online home loan and credit profile indicators working applying the My Bond Fitness tools, access to prequalification’s for a Flisp government subsidy, alternative home purchase solutions like Rent2buy, debt and affordability repair and improvement, forms part of the solutions offered.
It is estimated that out of 38 000 estate agents, only 13% are black, and this is among the challenges that the Amended Property Sector Code seeks to address. Attorneys are also making their skills, tools and Property Technology available to other stakeholders in the industry.
With attorneys and candidate attorneys being able to provide property services from within existing legal practices, these practices have an opportunity to employ and skill young black law graduates to become active in the marketing and selling of the properties of the clients of those practices, says Chris Fick, another Cape Town attorney who markets and sells on behalf of his clients and who participates in this venture.
With 50 % of buyers being first time home buyers, we also developed online guides for first time buyers addressing the major aspects a home buyer will face and prepare himself when preparing him or herself to buy a home.
So far, the course was implemented for a property group with some 11 000 tenants as well as more than 3 700 employees of African Bank, as well as more that 5 530 subscribers to the My Budget Fitness and My Bond Fitness programme, says Meyer.
The Amended Property Sector Code has introduced a measurement indicator called Economic Development, which aims to stimulate property development in under-resourced and marginalised areas, while in the process addressing inequalities and creating wealth among previously disadvantaged groups, Davies said.
Attorneys from previously disadvantaged groups, with a passion for property and the need to stimulate their own legal practices, will also reap the benefits of this endeavour, as we are reaching out to all attorneys to provide our mentorship, property tools and experience, says Meyer.
Author – Meyer de Waal
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Property Angels – Success Together
Property Angels is an online property website portal that promotes residential property for sale across South Africa. You can buy, sell, list and find South African properties online. Find houses for sale in Johannesburg, Cape Town and Durban which are the three biggest cities in South Africa.
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Whilst most online property brands offer online visibility for Estate Agents South Africa, Property Angels offers online visibility for Attorney Realtor Agents South Africa.
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Find below the various provinces, towns and cities across South Africa from where you can sell property or buy property or list property for sale with Property Angels.
Property for sale Eastern Cape: Alice, Butterworth, East London, Graaf-Reinet, Grahamstown, King William’s Town, Mthatha, Port Elizabeth, Queenstown, Uitenhage, Zwelitsha
Property for sale Free State: Bethlehem, Bloemfontein, Jagersfontein, Kroonstad, Odendaalsrus, Parys, Phuthaditjhaba, Sasolburg, Virginia, Welkom
Property for sale Gauteng: Benoni, Boksburg, Brakpan, Carletonville, Germiston, Johannesburg, Krugersdorp, Pretoria, Randburg, Randfontein, Roodepoort, Soweto, Springs, Vanderbijlpark, Vereeniging
Property for sale Kwazulu Natal: Durban, Empangeni, Ladysmith, Newcastle, Pietermaritzburg, Pinetown, Ulundi, Umlazi,
Property for sale Limpopo: Giyani, Lebowakgomo, Musina, Phalaborwa, Polokwane, Seshego, Sibasa, Thabazimbi
Property for sale Mpumalanga: Emalahleni, Nelspruit, Secunda
Property for sale North West: Klerksdorp, Mahikeng, Mmabatho, Potchefstroom, Rustenburg
Property for sale Northern Cape: Kimberley, Kuruman, Port Nolloth
Property for sale Western Cape: Bellville, Cape Town, Constantia, George, Hopefield, Oudtshoorn, Paarl, Simon’s Town, Stellenbosch, Worcester.