Nedbank Owned Properties (NOP) are properties that have been bought by Nedbank at a public auction and are available for sale to the public.
At Nedbank we are committed to help you Make Things Happen. We offer you a great deal when you purchase a property owned by us, with a bond of up to 100% (subject to terms and conditions). Browse through our selection to find a deal that best suits your needs.
Please read the Agreement of Sale to ensure that you understand all the terms and conditions of the sale
Nedbank will nominate the transferring attorney.
Conditions of Sale
Nedbank will not accept any Offer to Purchase that is subject to the sale of an existing property.
No renovations or alterations may be done to the property prior to registration of the property into the purchaser's name.
All enquiries should be directed to the Nedbank Contact Centre on 0860 911 007 or e-mailed to firstname.lastname@example.org.
No transfer duty is payable, which is a substantial cost saving when you buy a NOP.
Fees payable by purchaser
Transfer and registration costs are for the account of the purchaser.
Occupation of the property
The bank does not guarantee vacant occupation of NOPs. Should the property be occupied the purchaser will have to obtain vacant occupation at his/her own cost.
Outstanding rates and taxes
Nedbank will pay all outstanding rates and taxes on the property until the date of registration or the date of occupation, whichever occurs earlier.
The reservation fee is a non-refundable deposit payable in cash or by electronic funds transfer; no cheques will be accepted.
The amount payable for the reservation fee is dependent on the purchase price of the property:
For a purchase price of up to R250 000
R2 500 (two thousand five hundred rand)
For a purchase price from R250 001 to R750 000
R7 500 (seven thousand five hundred rand)
For a purchase price of R750 001 and more
R12 500 (twelve thousand five hundred rand)
The reservation fee must be paid within two business days of receipt of the approval-in-principle letter issued by Nedbank. The Nedbank account details for payment of the deposit will be reflected in the letter.
In the event that the reservation fee is not received by Nedbank within two days of the issue of the approval-in-principle letter, the offer will be automatically revoked.
Once the reservation fee is received by Nedbank, the purchaser will have 19 days from the date of the acceptance letter to provide proof of final bond grant or of cash available.
The proof of bond grant or of cash available must be faxed to +27 (0)11 495 8669 or e-mailed to NOPNRD@nedbank.co.za
No extensions to the 19 days will be permitted.
The deposit will be forwarded to the transferring attorney once the proof of bond grant or of cash available has been received.
The deposit will be used towards the transfer costs.
If the purchaser does not obtain a final bond grant within the stipulated 19 days, the deposit will be forfeited and the offer will be revoked.