Recent content by captainscarlet

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    First Time Home buyer: How common is it for Agent to ask Purchaser/Buyer to use part of their deposit to settle Seller's municipal and eskom arrears?

    Inspection done. No issues found. There was no mention of the outstanding though. I'm guessing it will come up after bond approval.
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    First Time Home buyer: How common is it for Agent to ask Purchaser/Buyer to use part of their deposit to settle Seller's municipal and eskom arrears?

    Meeting with them today for the inspection I arranged. I'll make it clear to them that I will not under any circumstances allow them to use my deposit. I'll also try and find out how much is owed. I hope it's not a massive amount.
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    First Time Home buyer: How common is it for Agent to ask Purchaser/Buyer to use part of their deposit to settle Seller's municipal and eskom arrears?

    They have the letter of executorship. The lady agent showed it to me. According to her, the delays in processing the letter jeopardized the previous sale
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    First Time Home buyer: How common is it for Agent to ask Purchaser/Buyer to use part of their deposit to settle Seller's municipal and eskom arrears?

    He said I could trust him. He also said he would buy the house if his money wasn't tied up in his businesses. The man clearly believes in this property. While we were chatting, he promised to give me a pump for the pool, free of charge.
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    First Time Home buyer: How common is it for Agent to ask Purchaser/Buyer to use part of their deposit to settle Seller's municipal and eskom arrears?

    Thanks for bringing some solid facts into this discussion. I love the house. The price is good. It's in a good area. But I don't love it enough to take on such a huge risk....Murphy's law always strikes.
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    First Time Home buyer: How common is it for Agent to ask Purchaser/Buyer to use part of their deposit to settle Seller's municipal and eskom arrears?

    What circumstances would disqualify the seller from brisging fincance? Lack of equity in the property. When I looked up the property, it was bought in 2000. It should be paid of by now.
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    First Time Home buyer: How common is it for Agent to ask Purchaser/Buyer to use part of their deposit to settle Seller's municipal and eskom arrears?

    Is the conveyancer allowed to make payments without your permission?
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    First Time Home buyer: How common is it for Agent to ask Purchaser/Buyer to use part of their deposit to settle Seller's municipal and eskom arrears?

    It wasn't part of the offer. If I agreed, it will be a separate agreement during the course of the sale. Haven't agreed to it yet. They did mention Bridging finance in case I'm uncomfortable paying the rates
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    First Time Home buyer: How common is it for Agent to ask Purchaser/Buyer to use part of their deposit to settle Seller's municipal and eskom arrears?

    R1.8m is the purchase price. R500k is the deposit to make the bond amount R1.3m
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    First Time Home buyer: How common is it for Agent to ask Purchaser/Buyer to use part of their deposit to settle Seller's municipal and eskom arrears?

    If something goes wrong with the sale, how would the buyer recover their full deposit? The money at that point would be stuck in the municipal and eskom accounts.
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    First Time Home buyer: How common is it for Agent to ask Purchaser/Buyer to use part of their deposit to settle Seller's municipal and eskom arrears?

    Will the bridging finance take time?
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    First Time Home buyer: How common is it for Agent to ask Purchaser/Buyer to use part of their deposit to settle Seller's municipal and eskom arrears?

    If you read my edit. You will see that they had a buyer before me. But the deal fell apart and I believe it was because of the oustanding bills not the executorship.
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    First Time Home buyer: How common is it for Agent to ask Purchaser/Buyer to use part of their deposit to settle Seller's municipal and eskom arrears?

    Had the same thoughts. If it's "not a big deal", the agent must use his moneyto settle the bills.
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    First Time Home buyer: How common is it for Agent to ask Purchaser/Buyer to use part of their deposit to settle Seller's municipal and eskom arrears?

    She didn't disclose the amount when I asked. I'll ask her again. But I am suspecting it's a large sum
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    First Time Home buyer: How common is it for Agent to ask Purchaser/Buyer to use part of their deposit to settle Seller's municipal and eskom arrears?

    The agents said it's not a big deal and that I must trust them as they have a very good reputation in the area.
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