How can PTK help you ?

PTK adds comfort and convenience to the disclosure and compliance process, reducing the risk of sellers or estate agents being sued by buyers for not notifying them of any potential faults to the property. In doing so it also gives sellers the opportunity to identify defaults, disclose the defaults to estate agents and buyers, repair the defaults to the property (e.g. structural, plumbing, electrical wiring, etc) and consider that in the selling price which helps to make the property more buyer-friendly.

Since the introduction of the Consumer Protection Act on 1 April 2011 the “voetstoots” clause can no longer be used in most sale agreements when properties are sold.

Sellers are required to identify the defects to their properties and provide the potential buyer with such list of defects.

PTK takes care of all the required inspection reports and provide the information on a neutral website www.propertytransactionkit.co.za

Knowing the true condition of a property empowers buyers – they can either ask the seller to repair the property, or budget for improvements themselves and negotiate a reduction in the price.

PTK helps strengthen a buyer’s application for a home loan too. The correct approved building plans and structural conditions of properties are key factors considered by banks when granting home loans.

Estate agents also benefit – PTK facilitates a quick and transparent sale as all the information is available on a web based system for a potential buyer to view.