Seller’s get your equity quickly.
No need to go on hold.
We provide a seller of a property with an upfront cash advance once they have successfully sold their property.
This means that when the purchase price has been secured by your buyer, Prevance may be able to advance to you as seller an amount up to 75% of your total nett proceeds of the sale (i.e. after deduction the bond amount and all costs).
The funds can be used for any purpose and may include being utilized for for the rates and taxes required to be paid to the council before transfer of the property can take place or a deposit on your next property purchase.
Why wait for the lengthy process until registration of transfer before you receive the funds when part of the funds can be accessed sooner.
The process to access our funding is simple and plugs into the conveyancing process.
Your conveyancing attorney will sign a one page undertaking to repay Prevance from the proceeds of the sale of your property once registration of transfers has taken place at the deeds office.
The product also works well where a property developer sells numerous units in his development.