Offer to purchase question

TechGirl04

TechGirl04

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zerocool2009 said:
My honest advice, specify that approved plans exists in the otp. Make it the sellers issue.

Why would you waste time on something that isn’t garenreed to be yours?
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The seller is going through a messy divorce. Has practically no money. The house is her divorce settlement, so she needs to sell asap. The house needs repairs as it is, which is why we want to go for it - good area, low price because of the repairs. So the chances of her being able to complete and submit plans is pretty much zero. However, we are willing to submit (and knock the price down as needed), however we want to know if council would even approve this in the first place.

To add - there's no other offers on the table at the moment and the seller is desperate to get her money out of the house (it's fully paid off). And she has no liquid cash available for plans etc. It's a bargain for us because we are willing to do the renovations and repairs. The only thing we are concerned about is the plans.
 
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The_Mowgs

The_Mowgs

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TechGirl04 said:
The seller is going through a messy divorce. Has practically no money. The house is her divorce settlement, so she needs to sell asap. The house needs repairs as it is, which is why we want to go for it - good area, low price because of the repairs. So the chances of her being able to complete and submit plans is pretty much zero. However, we are willing to submit (and knock the price down as needed), however we want to know if council would even approve this in the first place.

To add - there's no other offers on the table at the moment and the seller is desperate to get her money out of the house (it's full paid off). And she has no liquid cash available for plans etc.
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You can still stipulate it in the OTP, the transfer attorneys should just pay you back the money from the sale proceeds.

But first check if they are willing to do it
 
TechGirl04

TechGirl04

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The_Mowgs said:
You can still stipulate it in the OTP, the transfer attorneys should just pay you back the money from the sale proceeds.

But first check if they are willing to do it
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Thanks will consider this too. Although I'm not too worried about the expense. I'm worried that this won't be approved at all (dwelling on the boundry line) and then we effectively have to turn the flat back into a garage. That's why we want to see if there is a way that we can check if it will or won't be approved before submitting actual plans.
 
zerocool2009

zerocool2009

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TechGirl04 said:
The seller is going through a messy divorce. Has practically no money. The house is her divorce settlement, so she needs to sell asap. The house needs repairs as it is, which is why we want to go for it - good area, low price because of the repairs. So the chances of her being able to complete and submit plans is pretty much zero. However, we are willing to submit (and knock the price down as needed), however we want to know if council would even approve this in the first place.

To add - there's no other offers on the table at the moment and the seller is desperate to get her money out of the house (it's fully paid off). And she has no liquid cash available for plans etc. It's a bargain for us because we are willing to do the renovations and repairs. The only thing we are concerned about is the plans.
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I have first hand experience in this situation.

My wife bought a house, it took 2 years to get plans approved as the seller also wanted to sell quickly for various reasons.

Secondly, alot of money and time wasted getting it approved

I always say, if you feel 1% this isn’t the property for you, walk away.
 
S

Steamy Tom

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TechGirl04 said:
Need some help - we have found a house and want to put in an offer. BUT, there is a single garage on the latest approved plans, built on the boundry wall. The current owners have converted the single garage to a flatlet (they also bashed through the wall to the servants room and added a door to the bathroom) but did not update the plans. So now, there is a dwelling area on the boundry wall but not on the approved plans.

Is there a way for us to check if council would approve this if we were to submit updated plans?

I know someone suggested we make friend with the local building inspector. Easier said than done. Is there any other way to check this?

View attachment 1105450
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No habitable structures allowed on the boundary, will never be approved
 
S

Steamy Tom

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The_Mowgs said:
There you go. Thanks, was never aware of this. Is this because of safety issues?
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To be honest I am not sure the reason, I just looked into it a while ago as I have a garage on the boundary (on plan and approved by council with neighbours signatures) and I was considering making it a flatlet. Turned out legally I shouldn't so didn't.
 
The_Mowgs

The_Mowgs

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The_Mowgs said:
Edit:

The below advice will not work as explained by @Steamy Tom in the next post. He is my dad

You can still stipulate it in the OTP, the transfer attorneys should just pay you back the money from the sale proceeds.

But first check if they are willing to do it
Click to expand...
 
zerocool2009

zerocool2009

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Related to plans... if you want a bond via fnb, approved plans must exist, thats a requirement
 
RedViking

RedViking

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TechGirl04 said:
The seller is going through a messy divorce. Has practically no money. The house is her divorce settlement, so she needs to sell asap. The house needs repairs as it is, which is why we want to go for it - good area, low price because of the repairs. So the chances of her being able to complete and submit plans is pretty much zero. However, we are willing to submit (and knock the price down as needed), however we want to know if council would even approve this in the first place.

To add - there's no other offers on the table at the moment and the seller is desperate to get her money out of the house (it's fully paid off). And she has no liquid cash available for plans etc. It's a bargain for us because we are willing to do the renovations and repairs. The only thing we are concerned about is the plans.
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DO NOT BUY, if the plans are not up to date. DO. NOT.
 
GrasKarp

GrasKarp

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Bond lodged today, does anyone have an idea how long it will take in Covid times to get registered?
 
prod

prod

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APoc184 said:
At freaking last!!!

View attachment 1105906

What a journey it was!!

Thanks again to each and everybody for their input, advice, well wishes and so much more.

I truly hope this thread continues to help all that are looking to buy.
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Congratulations man, been 7 months since we've singed OTP...and been paying occupational rent for 4 of those 7 months o_O
 
PhireSide

PhireSide

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prOd said:
Congratulations man, been 7 months since we've singed OTP...and been paying occupational rent for 4 of those 7 months o_O
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10 months since OTP signed here as well, and 6 months of occ rent. I feel your pain :(
 
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