FREQUENTLY ASKED QUESTIONS
LET US ANSWER SOME OF THE MOST ASKED QUESTIONS ABOUT PREEKSTOEL
PURCHASE & FINANCIALS
01.
Reservation Fee – is it refundable?
At least 10% of the purchase price (less the reservation fee), payable within 14 days of signing.
02.
Deposit – how much and when?
At least 10% of the purchase price (less the reservation fee), payable within 14 days of signing.
03.
Deposit payment options:
Cash via bank guarantee (within 30 days) or directly into the conveyancer’s trust account (within 7 days).
04.
Is a building contract required?
Within 30 days of signing.
05.
How is the sale secured?
By proof of acceptable funding (cash or mortgage bond).
06.
What happens after the sale is secured?
Transferring attorneys prepare legal documents, apply for clearance certificates, and proceed with the transfer.
07.
Are transfer duties and costs included?
Yes, transfer fees and duty are included. Bond registration costs are for the buyer’s account.
08.
If I don’t get a home loan, will my deposit be refunded?
Yes.
09.
Can I buy subject to selling my property?
Yes, subject to a 72‑hour notice clause.
10.
Can I apply for a building loan or plot & plan?
Yes, assistance is available through the in‑house mortgage originator.
CONSTRUCTION & BUILDING
11.
When must construction start?
Villa Stands: within 3 years of registration
Beach Stands: within 5 years of registration
12.
Maximum time to complete construction:
12 months from commencement.
13.
Can I use my own architect?
Yes, subject to estate aesthetics committee approval
14.
Can I use my own builder?
Yes, subject to vetting. The estate also offers turnkey building solutions.
15.
Are there standard plans to choose from?
Yes, available on the website.
16.
Can I design my own house?
Yes, provided it complies with architectural guidelines.
MANAGEMENT, LEVIES & HOA
17.
Stabilization Levy:
Once‑off R10,000, payable on registration of transfer.
18.
What does the levy cover?
Security and common area maintenance.
19.
Monthly charges after transfer:
R1,500 levy plus utility availability charges.
20.
Onsite management services:
Yes, HOA and developer representation during development.
21.
Homeowners’ Association:
Established and activated at the inaugural meeting.
PROFESSIONAL TEAM & CONTACTS
22.
Conveyancing contacts:
Ronnilie van der Walt (Theron & Van Der Walt Attorneys)
Andrew Heiberg (Fairbridges Wertheim Becker Inc.)
23.
Bond origination assistance:
Sonet Calitz (Mortgage Max).
24.
Professional team:
Architects: ARD, Mere Group
Developer: Vivren Properties
Conveyancers: Fairbridges Wertheim Becker, Theron & Van Der Walt
Bond Originators: Mortgage Max
25.
Required annexures/documents:
Signed annexures: general plan, site development plan, Constitution, Architectural Guidelines, HOA rules, and Builders Vetting Process.
LIFESTYLE, AMENITIES & RULES
26.
Internet connection:
Yes, fiber network installed.
27.
Security measures:
Access control and perimeter fencing.
28.
Pets:
Allowed, subject to estate rules.
29.
Schools:
No schools within the development.
30.
Amenities & recreation:
Walking tracks, clubhouse, and play parks.
GET IN TOUCH
Please submit your contact information and one of our sales associates will be in touch with you shortly