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  1. LlamaParty

    Offer to purchase question

    We have the same thing on our Standard Bank bond. Apparently it's an incentive to pay your bond off faster. They do quote the effective interest rate of the full period as well though.
  2. LlamaParty

    Offer to purchase question

    Congrats! The weather this side also just held long enough for all the moving to be done. And then the power went off from 4-7pm... But we're in. Enjoy your new home! :)
  3. LlamaParty

    Offer to purchase question

    Yeah, I'm a bit annoyed. Its not like they didn't know this was happening. We're busy talking to the estate agent, but I'm worried he's going to ask us to just be nice and let them have the weekend to move. I don't want to be a Karen, but we also really want to move!
  4. LlamaParty

    Offer to purchase question

    Turns out the tenants aren't out yet, because they were expecting the transfer to go through next week. Even though the original estimation was mid-October. What do we do now? Our OTP didn't have a clause for occupational rent, it stated that the owners guarantee vacant occupation on transfer.
  5. LlamaParty

    Offer to purchase question

    Thank you everyone! And thanks for all the advice and support :) I hope you all come right soon as well!
  6. LlamaParty

    Offer to purchase question

    We just got registered! :D The estate agent complained it was taking too long, and somehow got the attorneys to walk it through a bit faster. Woohoo! Does this mean we can get the keys today? Or do we have to wait for the final confirmation letter and account statement?
  7. LlamaParty

    Offer to purchase question

    Ours also took about 4 days to be assigned to an examiner. Today or tomorrow it should be at examiner level 2. We were hoping to move this weekend, but that probably won't be happening :(
  8. LlamaParty

    Offer to purchase question

    Agreed, it's been extremely helpful to be able to follow along with the process from different viewpoints. Knowing what to expect, what issues are likely to come up etc. Made the whole process a lot less scary, especially for first time buyers like us.
  9. LlamaParty

    Offer to purchase question

    With us it took the bank about 7 working days to get back with a Proceed to Lodge instruction. But why haven't your attorneys sent that through ages ago??
  10. LlamaParty

    Offer to purchase question

    Huh, that's what you get for listening to estate agents I guess. Probably just wanted to intimidate us into putting down a deposit. We did make doubly sure that our OTP excluded that 72h clause at least. Anyway, good luck @powermzii!
  11. LlamaParty

    Offer to purchase question

    From my vague knowledge of things, they can only accept a second offer if you haven't paid a deposit. At least that's what our estate agent said. So perhaps if you're very keen on the house you could put down a 5% deposit or something?
  12. LlamaParty

    Offer to purchase question

    Hahaha, fair enough. We're luckily in the position that we own the house we're staying in, and won't be renting it out or selling it immediately (needs a bit of work), so we can move without too much of a rush.
  13. LlamaParty

    Offer to purchase question

    At least that's sorted then! Speaking of... we should probably start packing :unsure:
  14. LlamaParty

    Offer to purchase question

    Thank you! Eug, I can just imagine how frustrating that must be. It makes no sense why it would take so long. Have you made plans for occupational rent if you need to move before the transfer is finished?
  15. LlamaParty

    Offer to purchase question

    Transfer lodged yesterday :D Hopefully it's quick and painless from here!
  16. LlamaParty

    Offer to purchase question

    We're waiting for the HOA certificate before they lodge. I reminded them about the HOA when I signed, no idea why they waited until now to do anything about it... Hopefully they lodge early next week.
  17. LlamaParty

    Offer to purchase question

    We also got an update today :D They've received the transfer duty receipt, now just waiting on a "proceed to lodge" instruction from the bank. Hopefully we'll be at our new homes by the end of the month!
  18. LlamaParty

    Offer to purchase question

    We got prime -1.5%, after agreeing to open an account with that bank.
  19. LlamaParty

    Offer to purchase question

    It's a bit hard to tell at the moment. When we signed they also told us mid-October. They've gotten the rates clearance stuff sorted out, and the compliance documents (gas and electric), and they just sent all the bond documentation back to the bank. Apparently that takes 7-10 days, but I don't...
  20. LlamaParty

    Offer to purchase question

    Gees, that sounds frustrating! We received our invoices a few weeks ago, just after we got approved for the bond. When I signed yesterday we again got copies of both the bond and transfer invoices. We got 10% discount on the transfer fees and 25% on the bond registration fees, just in case you...
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