Offer to purchase question

bokka1 said:
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.
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Sure, however what is traditional and what you agree to are two different things. Offer to purchase agreements are far more complicated and detailed than ever before so best read what you sign and never rely on anything that's not contained in the contract. As has been pointed out above too if there's something material that needs to be sorted out make sure it's added as a suspensive clause.
 
quovadis said:
Sure, however what is traditional and what you agree to are two different things. Offer to purchase agreements are far more complicated and detailed than ever before so best read what you sign and never rely on anything that's not contained in the contract. As has been pointed out above too if there's something material that needs to be sorted out make sure it's added as a suspensive clause.
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I recently did a OTP, to my surprise, it was stated that the buyer must cover all clearances, coc's and "runner costs".

I just laughed. Sounds like the norm is soon, if someone buy's, "its in their best interest to cover these costs".
 
zerocool2009 said:
I recently did a OTP, to my surprise, it was stated that the buyer must cover all clearances, coc's and "runner costs".

I just laughed. Sounds like the norm is soon, if someone buy's, "its in their best interest to cover these costs".
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I think we need a list of stuff to check on the OTP, People can reference the list and check their OTP to make sure they're not being shafted.
 
quovadis said:
Sure, however what is traditional and what you agree to are two different things. Offer to purchase agreements are far more complicated and detailed than ever before so best read what you sign and never rely on anything that's not contained in the contract. As has been pointed out above too if there's something material that needs to be sorted out make sure it's added as a suspensive clause.
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Of course it can be changed contractually but the norm is as I stated.

Lawyer up before you sign an agreement for a multi million Rand investment, most won't charge you an arm and a leg.
 
When you are selling your house (and you are not a contractor / builder) is it normal for the estate agent to request - " could we arrange for the purchasers to come through on Tuesday next week for you to show them how everything works in the house incl. The solar system, water tank and alarm" ?

Or you could just prepare for them a list with the contact details of the contractors who installed the systems, as well as handing over the manuals?
 
Botha22 said:
When you are selling your house (and you are not a contractor / builder) is it normal for the estate agent to request - " could we arrange for the purchasers to come through on Tuesday next week for you to show them how everything works in the house incl. The solar system, water tank and alarm" ?

Or you could just prepare for them a list with the contact details of the contractors who installed the systems, as well as handing over the manuals?
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You know your house better than anyone else. Why be like that? Just show them what you know.

The estate agent doesn't know the difference between a water tank and a cesspit.
 
I would regard this as a totally normal request if I sold my house. Yes, I would still prepare the manual/ info booklet but would be open to this a this is what I would appreciate from the seller of my next house.
 
Botha22 said:
When you are selling your house (and you are not a contractor / builder) is it normal for the estate agent to request - " could we arrange for the purchasers to come through on Tuesday next week for you to show them how everything works in the house incl. The solar system, water tank and alarm" ?

Or you could just prepare for them a list with the contact details of the contractors who installed the systems, as well as handing over the manuals?
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I would regard this as a totally normal request if I sold my house. Yes, I would still prepare the manual/ info booklet but would be open to this a this is what I would appreciate from the seller of my next house.
 
Quintrix said:
I would regard this as a totally normal request if I sold my house. Yes, I would still prepare the manual/ info booklet but would be open to this a this is what I would appreciate from the seller of my next house.
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I have bought and sold a few houses, also rented a few as well. I have always just moved in and figured it out.
 
Harmonic said:
Same. I prefer not to meet the seller and I like to have as little contact with the agent as I can
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It's a bit of worry for me. Buyer paid 10% deposit, then was supposed to provide a guarantee / bond for the balance. Yesterday we got the weekly report from the conveyancer, where they highlighted "We await balance purchase price and transfer costs. Purchaser has been making piecemeal payments."
Then this morning got a Whatsapp message from the estate agent - "" could we arrange for the purchasers to come through on Tuesday next week for you to show them how everything works in the house incl. The solar system, water tank and alarm".
 
Botha22 said:
When you are selling your house (and you are not a contractor / builder) is it normal for the estate agent to request - " could we arrange for the purchasers to come through on Tuesday next week for you to show them how everything works in the house incl. The solar system, water tank and alarm" ?

Or you could just prepare for them a list with the contact details of the contractors who installed the systems, as well as handing over the manuals?
Click to expand...
I really appreciated the previous owner of our place showing me how stuff like the pool and alarms work. They also handed over a very comprehensive list of service providers and a stack of manuals.

When we offered the same to our buyers, they declined. 2 days later they phone at 21:30, asking how the geyser works. Then something about a gate later that week. At that point the "manual is on the counter, buddy" approach worked best for me.
 
Botha22 said:
It's a bit of worry for me. Buyer paid 10% deposit, then was supposed to provide a guarantee / bond for the balance. Yesterday we got the weekly report from the conveyancer, where they highlighted "We await balance purchase price and transfer costs. Purchaser has been making piecemeal payments."
Then this morning got a Whatsapp message from the estate agent - "" could we arrange for the purchasers to come through on Tuesday next week for you to show them how everything works in the house incl. The solar system, water tank and alarm".
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I would just tell the agent sure, we can arrange when all the required payments have gone through. Don't let them waste your time until everything is done and sealed
 
https://twitter.com/x/status/1724113978136113383

I havent seen any posts on this yet so I'll just post it here.

Somewhere in this thread 2+ years ago someone did mention they will wait 2 years to buy a property at a discount when the panic selling begins.

I'm glad I followed this thread and bought a property at just above half the value the banks were willing to offer me.
 
Hi All

Need advice, i am in the process of buying a house and i have requested for building plans as part of the document required to finalize the purchase.

The lawyer got a runner to get a copy from the municipality or wherever the originals is stored.

However, the building that was emailed to me was very bad - you can barely see anything. I requested a better copy but they are saying that's the best they can get.

What do i do?


Thanks and regards
 
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