Sale Smart
Smartbridge will fast track the payment of proceeds from the sale of your home. You can avoid the uncertainty and stress of waiting for the registration of transfer before you receive any cash.
In South Africa, a property seller is usually only paid their proceeds once the registration of transfer to the purchaser takes place. This can be three months or more. The seller then has to wait before they receive any cash from the transaction.
When using Sale Smart, the seller does not wait long to receive their proceeds. When your property is sold, and after Smartbridge has received certain specified information, Smartbridge will advance up to 80% of the surplus available to you. This is at a competitive rate of only R1.00 per R1000.00 per day (that is 0.1% per day = 2.98% per month) and a negotiable once-off fee. The surplus is the cash available to you after the settlement of all your transfer liabilities.
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