Helpfull Information

Buying Property in Namibia: A Step-by-Step Guide

Buying a home is a big decision! Here’s a simple guide to help you through the process in Namibia.

  • Before house hunting, know exactly what you can afford:
    • Consider deposit, legal fees, and transfer costs.
    • If financing, get pre-approved for a home loan. Banks usually finance up to 90% of the purchase price.
    • Use a bond calculator to estimate your monthly repayments.
  • Browse property listings and attend viewings.
    • Think about location, resale value, and your future needs.
    • Work with a conveyancer (property lawyer) for legal guidance.
  • Once you find the perfect home, negotiate the price with the seller.
    • Sign a Deed of Sale – a legally binding contract that outlines the terms of the sale.
    • This contract will include payment terms, transfer timelines, and any conditions (e.g., loan approval).
  • You’ll usually pay 10% of the purchase price as a deposit.
    • The deposit is held in a trust account until the transfer is complete.
    • This secures the property while legal and financial steps are finalized.
  • Your conveyancer prepares and submits legal documents to the Deeds Office.
    • If financing, the bank finalizes your home loan and issues a guarantee.
    • The seller must settle any outstanding rates and taxes before the transfer.

  • These fees must be settled before registration:

    • Transfer Duty – A government tax (if the property is above N$600,000).

    • Conveyancing Fees – Charged by the property lawyer.

    • Bond Registration Fees – If you’re taking out a home loan.

 Tip: First-time buyers should budget around 5-10% of the purchase price for these costs.

  • Once all documents are verified, the Deeds Office registers the property in your name.
    • You’ll receive ownership documents, and the property is officially yours!
    • The seller hands over the keys, and you can move in.

FAQ's

Buyer: Transfer duty, legal fees, bond registration.

Seller: Rates, taxes, bond cancellation, compliance certificates.

On average, 8-12 weeks, depending on legal and financial processes.

Yes! A conveyancer is required to handle property transfers.

Yes, but restrictions may apply to communal and agricultural land.

Selling Property in Namibia: A Step-by-Step Guide

Selling your home is a big decision, and understanding the process can help you get the best deal with minimal stress. Here’s a simple breakdown of how to sell your property in Namibia.

  • First impressions matter! Make sure your home is clean, well-maintained, and presentable.
  • Fix minor repairs, paint where needed, and enhance curb appeal to attract buyers.
  • Gather important documents like the title deed, municipal accounts, and compliance certificates (electrical, water, etc.).
  • Research similar properties in your area to determine a fair market price.
  • Overpricing can delay the sale, while underpricing may lead to financial loss.
  • If unsure, get a property valuation from a real estate professional.
  • Use an online platform like HomeDirect Namibia to list your property and reach buyers directly.
  • Take high-quality photos and write a clear, compelling description of your home.
  • Be responsive to inquiries and schedule viewings for interested buyers.
  • Once you receive an offer, review the terms carefully and negotiate if necessary.
  • The buyer may request inspections or conditions (such as loan approval).
  • Once both parties agree, sign the Deed of Sale, a legally binding contract.
  • The buyer typically pays 10% deposit into the attorney’s trust account.
  • Appoint a conveyancer (property lawyer) to handle the legal transfer process.
  • The conveyancer will check outstanding rates, taxes, and bond details.
  • The buyer pays a deposit (if applicable), and financing arrangements are finalized.
  • As the seller, you are responsible for settling:
    • Any outstanding municipal rates and taxes.
    • Bond cancellation fees (if there is an existing home loan).
    • Compliance certificates for electrical, water, and gas (if required).
  • Once all payments and legal steps are complete, the Deeds Office registers the property in the buyer’s name.
  • The buyer’s bank releases the funds, and you receive payment for the property.
  • Handover the keys, and your sale is officially complete!
  •  

FAQ's

Typically, 8-12 weeks, depending on legal and financial approvals.

Yes, a conveyancer is required to handle the transfer process.

No! With HomeDirect Namibia, you can sell directly to buyers and avoid commission fees.

Buyer: Transfer duty, legal fees, bond registration.

Seller: Rates, taxes, bond cancellation, compliance certificates.

If the sale was conditional on loan approval and it falls through, you can relist your property.

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