Buy a house : how long?

Dolby

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My brother wants to buy a cluster, as he's renting now. He'll put down a 80% deposit and bond the remaining 20% - which shouldn't be an issue to have approved.

Assuming he see's something he likes now & its empty, how long is does the red tape take before he can move in? Lawyers, papers, registrations etc?

He reckons 2 months - is that about right?
 
My brother wants to buy a cluster, as he's renting now. He'll put down a 80% deposit and bond the remaining 20% - which shouldn't be an issue to have approved.

Assuming he see's something he likes now & its empty, how long is does the red tape take before he can move in? Lawyers, papers, registrations etc?

He reckons 2 months - is that about right?

There are so many factors that ar at play here. I am an estate agent and my straight answer is anything from 6 weeks to 6 months!!

My sister recently bought a house cash and it took about 5 weeks for registration and transfer, however, my fiancee has been waiting eight months for commission on an apartment sale he brokered last year

It depends as said on all sorts of factors and of course any glitches aong the way


As long as everything is kosher , checked and verified, and the banks, municipality , conveyacers, buyer and / or sellers do not delay in anyway it shouldn't take too long.

Off plan sales sometimes take longer too as developers are incliend to lodge properties for registration in batches over a period of months to years sometimes

However, you do not have to wait untl the transfer goes through, the buyer and seller can come to an agreement about date to move in and paying occupational rent .
 
There are so many factors that ar at play here. I am an estate agent and my straight answer is anything from 6 weeks to 6 months!!

6weeks to 6 months?

My sister recently bought a house cash and it took about 5 weeks for registration and transfer, however, my fiancee has been waiting eight months for commission on an apartment sale he brokered last year

5 weeks and another 8 months?

As long as everything is kosher , checked and verified, and the banks, municipality , conveyacers, buyer and / or sellers do not delay in anyway it shouldn't take too long.

wow thanks for that third rate third world answer

Off plan sales sometimes take longer too as developers are incliend to lodge properties for registration in batches over a period of months to years sometimes

wow - another months to years answer

sorry just a rant but this is a really useless answer, but then i cant provide one either except you're an idiot to buy a house in this country.
 
6weeks to 6 months?



5 weeks and another 8 months?



wow thanks for that third rate third world answer



wow - another months to years answer

sorry just a rant but this is a really useless answer, but then i cant provide one either except you're an idiot to buy a house in this country.

OK Halicon so sorry to irritate you by giving a "useless " answer!! and so sorry I spurred you on to a rant.

Would you rather I sugar coated the answer?

Six weeks to six months is the average figure that most (honest) people involved in property would give you, but it is just an average and yes things can happen quicker than that or take longer (due to unexpected and / or even planned delays and complications)

I also just gave examples of recent time stamps for transfers that I know of. My sister's was the quickest I have seen in a long time! Myother half's is an exceptionally long delay.

To elaborate on the development or "months to years" answer as you term it, I will give you an example of transfers from the sales of units off plan on a development that I worked on about 2 years ago. There were 3 phases of 100 units each and right from the get go people were told that transfer would take anything up to two years. Thes units were put up for registration and transfer in batches of 50 every few months! Most developments / sales off plan have extended transfer/ registration dates!

To give you an example of planned delays: The very first property I ever sold back in 2004 was sold on the day I advertised it for the sellers. They signed the agreement then a couple of days later got what is known as "seller's remorse" 'cos they felt that seeing as it had sold so quickly, maybe their price should have been higher. They tried to pull out of the deal but couldn't. So as a payback, they instructed their conveyancer who was a family friend to delay the transfer for as long as possible. We found this out by accident about five months down the line, and sent them a letter placing them and the conveyancer "in mora". Only then did things start to move and eventually the transfer went through.

As depressing and useless as you seem to think my information is, you have missed the point I have made about not having to wait until registration takes place to move in! ;)
 
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My brother wants to buy a cluster, as he's renting now. He'll put down a 80% deposit and bond the remaining 20% - which shouldn't be an issue to have approved.

Assuming he see's something he likes now & its empty, how long is does the red tape take before he can move in? Lawyers, papers, registrations etc?

He reckons 2 months - is that about right?

I just bought a flat in PTA and it took +- 5 weeks!
 
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