Offer to purchase question

[zerocool2009]

Quick question for guys who bought now recently. Was any clearance fees for the buyer or seller?

I heard that rules changed majorly in the last 24 months

 

[Botha22]

Quick question for guys who bought now recently. Was any clearance fees for the buyer or seller?

I heard that rules changed majorly in the last 24 months

Who pays for the levy clearance certificate

In the transfer of a sectional title property, the seller is liable for all levies up to the date of registration of the transfer of the property into the name of the purchaser. As a safety measure, the managing agent usually r

www.leapfrog.co.za

Maybe this might help?

 

[zerocool2009]

Who pays for the levy clearance certificate

In the transfer of a sectional title property, the seller is liable for all levies up to the date of registration of the transfer of the property into the name of the purchaser. As a safety measure, the managing agent usually r

www.leapfrog.co.za

Maybe this might help?

Thanks. Its dated 2015. It says the buyer is responsible. I had this same fight 2 years back when a seller chose the transport side.

Now again, same story, seller choose (as it is his right), got a quote, endless clearance certificate fees/and runner costs.

Why if I choose the transfer side, they say the seller is responsible? Lol

Dis one big money making scheme!

 

[muisnes]

Quick question for guys who bought now recently. Was any clearance fees for the buyer or seller?

I heard that rules changed majorly in the last 24 months

I've had both purchases and sales during the last year or so.

It used to be standard that seller pays for the clearance fees. Recently there are more standardized OTPs that specify that the buyer is responsible for clearance fees.

As there are no statutory prescription of who is liable, the cost falls on whoever agrees to bear the cost in the contract. As with all sale contracts you can change anything that you don't like (within the boundaries of the law) and can get the other party to agree on.

tldr - No set rules. Check the OTP or change it if it does not suit you

 

[muisnes]

Thanks. Its dated 2015. It says the buyer is responsible. I had this same fight 2 years back when a seller chose the transport side.

Now again, same story, seller choose (as it is his right), got a quote, endless clearance certificate fees/and runner costs.

Why if I choose the transfer side, they say the seller is responsible? Lol

Dis one big money making scheme!

The responsibility should be spelled out in the OTP.

If it is not there, do not sign until it is brought in.

 

[Next Thing]

Interesting. I would have thought the seller would have been responsible. But then again I havent bought sectional title in 20 years. Definately something I will keep in mind.

Also to reitterate what has been said before
Know what you sign ....

https://www.iol.co.za/news/crime-and-courts/naidoo-family-told-to-pay-wakefields-real-estates-commission-for-house-they-did-not-buy-210f32f6-1b39-4174-af55-fa3fee41a43b

 

[Next Thing]

I am also considering selling my property and leaving the country by the end of the year/after completing my education/after selling the house. I have observed how some of my friends left their houses on rent and the current condition is quite terrible. The expenses for repairs and renovations may not be worth the rental income, especially if you end up with tenants who don't pay, resulting in further losses.

It becomes challenging to find buyers when the interest rate is as high as 11.75%, even if the property has a great location. I have chosen to list the property myself as I am not willing to pay agents. It's amusing how some people offer ridiculously low prices, while others don't even bother to respond. To avoid unnecessary crowds, I have intentionally scheduled showings on working days.

If your price is right and marketted correctly you will get an offer no matter what the interest rate is

 

[Next Thing]

That's what I want to find out, am I shooting myself in the foot by keeping extra funds in the bond.

The other question Im asking myself, why sell the property if it will pay for itself, and any I ever return to SA then at least I'll have a property or some passive income.

On the other hand, if I sell the property I can financially emigrate after 5 years (?).

But I can wait to cross that bridge when the time comes and sell the property at a later date if needed

I would sell. Trying to manage a property ( and yes you will be doing that even with an agent involved ) from a distance is a royal PITA.
Even if you dont take the money out, invested correctly, you will still get more than the interest rate.
Also you do not need to wait for financial emmigration to take money out. That is mainly ra's/pension funds etc where there is a hold time.
If I remeber correctly you can expat R1m/year without sars clearance and R10m/year with clearance

 

[Snyper564]

So I bought a house back in 2015. Was a while ago and first time purchase to.

Now I remember asking about the plans and was told the following by the agent:

"Then, regarding the plans.. the sellers will be giving you the existing plans of the property on registration."

TBH I dont remember ever getting these, I got the COC etc but cannot for the life of me remember getting these.

So what now, how do I get them?

 

[quovadis]

So I bought a house back in 2015. Was a while ago and first time purchase to.

Now I remember asking about the plans and was told the following by the agent:

"Then, regarding the plans.. the sellers will be giving you the existing plans of the property on registration."

TBH I dont remember ever getting these, I got the COC etc but cannot for the life of me remember getting these.

So what now, how do I get them?

Not sure where you are but the plans will be available at the city/municipal office. You can inspect and get copies made for a small fee. I did it in Joburg a few years back and took me all of 15 mins.

 

[Snyper564]

Not sure where you are but the plans will be available at the city/municipal office. You can inspect and get copies made for a small fee.

Centurion side. But original question should the agent have got this sorted, can they still do that now. Or count the loss and go to city/municipal office?

Also what is a small fee in this regard? How long does something like this take, also if we want to extend our house with a built on scullery around 24m2 im assuming this would need approval where do I start with that?

Feeling too lazy to googlefo today

 

[quovadis]

Centurion side. But original question should the agent have got this sorted, can they still do that now. Or count the loss and go to city/municipal office?

You might be able to strong arm the agent or seller to obtain them and do the leg work but unless it's in writing it'll just end up being way more frustration than its worth.

Also what is a small fee in this regard? How long does something like this take

I honestly cannot recall the exact amount as it wasn't memorable. I just remember being asked what size and I paid cash and so probably a couple hundred bucks for multiple large A0 copies. Joburg was very efficient when I went - I was in and out in less than an hour. Probably 15 minutes in the actual plans office.

also if we want to extend our house with a built on scullery around 24m2 im assuming this would need approval where do I start with that?

Step 1 - Get plans. Check that the house you have matches the plans. If they don't you need to regularise them first.
Step 2 - If plans are fine then engage an architect to do the plans for the changes and ensure it's within the building regulations etc. The architect can usually also submit the plans for approval.
Step 3 - Usually architects have builders they trust who can do such alterations and can recommend/project manage including inspections etc etc.

Use reputable architects, builders, suppliers and anyone else you wish to involve as with everything in life. Beware of bakkie builders.

 

[Snyper564]

You might be able to strong arm the agent or seller to obtain them and do the leg work but unless it's in writing it'll just end up being way more frustration than its worth.


I honestly cannot recall the exact amount as it wasn't memorable. I just remember being asked what size and I paid cash and so probably a couple hundred bucks for multiple large A0 copies. Joburg was very efficient when I went - I was in and out in less than an hour. Probably 15 minutes in the actual plans office.


Step 1 - Get plans. Check that the house you have matches the plans. If they don't you need to regularise them first.
Step 2 - If plans are fine then engage an architect to do the plans for the changes and ensure it's within the building regulations etc. The architect can usually also submit the plans for approval.
Step 3 - Usually architects have builders they trust who can do such alterations and can recommend/project manage including inspections etc etc.

Use reputable architects, builders, suppliers and anyone else you wish to involve as with everything in life. Beware of bakkie builders.

Perfect thanks!

 

[Steamy Tom]

So I bought a house back in 2015. Was a while ago and first time purchase to.

Now I remember asking about the plans and was told the following by the agent:

"Then, regarding the plans.. the sellers will be giving you the existing plans of the property on registration."

TBH I dont remember ever getting these, I got the COC etc but cannot for the life of me remember getting these.

So what now, how do I get them?

Municipal offices.

Never, ever, ever believe an estate agent, worse than an anc cadre, everything in writing as suspensive conditions or gtfo

 

[Snyper564]

Municipal offices.

Never, ever, ever believe an estate agent, worse than an anc cadre, everything in writing as suspensive conditions or gtfo

Noted thanks will do that then

 

[Snyper564]

You might be able to strong arm the agent or seller to obtain them and do the leg work but unless it's in writing it'll just end up being way more frustration than its worth.


I honestly cannot recall the exact amount as it wasn't memorable. I just remember being asked what size and I paid cash and so probably a couple hundred bucks for multiple large A0 copies. Joburg was very efficient when I went - I was in and out in less than an hour. Probably 15 minutes in the actual plans office.


Step 1 - Get plans. Check that the house you have matches the plans. If they don't you need to regularise them first.
Step 2 - If plans are fine then engage an architect to do the plans for the changes and ensure it's within the building regulations etc. The architect can usually also submit the plans for approval.
Step 3 - Usually architects have builders they trust who can do such alterations and can recommend/project manage including inspections etc etc.

Use reputable architects, builders, suppliers and anyone else you wish to involve as with everything in life. Beware of bakkie builders.

on a side note how long does something simple like a one room addition take/cost for approval.

Do you wait for approval before doing the building etc?

 

[quovadis]

on a side note how long does something simple like a one room addition take/cost for approval.

Do you wait for approval before doing the building etc?

Depends on a variety of factors but if done properly and without issues probably 2-3 months would be a fair estimate. I wouldn't make any material changes or additions without approval having been received.

 

[zerocool2009]

Noted thanks will do that then

Its easy. Go to the building offices (in centurion). You can get a copy for free.

Just take your ID and water and lights with

 

[Snyper564]

Its easy. Go to the building offices (in centurion). You can get a copy for free.

Just take your ID and water and lights with

Thanks will do!

Which place am I looking for exactly?

 

[bokka1]

Buyer pays for the cost of the clearance certificate.

Seller pays for any outstanding levies or Municipal Costs.

I have been doing this since 1997 and it has always been like this.