Offer to purchase question

pundo said:
Hello,

Does anyone know how to request for a refund of your deposit from Eskom after you've sold a property? No responses to any of the email addresses on their support escalation page. My lawyers helped with CoJ but said they couldn't assist with Eskom.
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If it's substantial you could outsource it to househoppers instead of battling with Eskom's customer care.
 
mr_smithh said:
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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Tshwane ? Munitoria burned down with most of the original plans. They have scanned copies but frankly it looks like a toddler was given a R10 scanner for the job.
 
pundo said:
Hello,

Does anyone know how to request for a refund of your deposit from Eskom after you've sold a property? No responses to any of the email addresses on their support escalation page. My lawyers helped with CoJ but said they couldn't assist with Eskom.
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Received mine about 6 months after sale from the attorney.
 
God I hate estate agents. And the ppra is like home affairs. They do nothing
 
Thank you to whoever started this thread. Wealth of knowledge here. Still reading through the entire post.

I have a question, say a property is advertised as 1,5m, but in the text on the ad the agent writes seller wanting 2m only considering offers above 1.6m. Then after viewing the place and liking it i wanted to put in an offer. Then the agent says i have an offer of 1,8m so don’t put in anything less than that.

This is so frustrating. I really like the place but we have already gone up so much and i am being arm twisted to start at 1.8m already. Anyone who can help me understand if the agent is just trying to get a higher price or was the ad to bait people into viewing it etc.

Thanks
 
babyfacek said:
Thank you to whoever started this thread. Wealth of knowledge here. Still reading through the entire post.

I have a question, say a property is advertised as 1,5m, but in the text on the ad the agent writes seller wanting 2m only considering offers above 1.6m. Then after viewing the place and liking it i wanted to put in an offer. Then the agent says i have an offer of 1,8m so don’t put in anything less than that.

This is so frustrating. I really like the place but we have already gone up so much and i am being arm twisted to start at 1.8m already. Anyone who can help me understand if the agent is just trying to get a higher price or was the ad to bait people into viewing it etc.

Thanks
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Agents are snakes! Don't feel pressured into giving a higher offer than what you can afford. Also be prepared to walk away from the deal if the reject your offer. DO NOT GIVE IN!
 
babyfacek said:
Thank you to whoever started this thread. Wealth of knowledge here. Still reading through the entire post.

I have a question, say a property is advertised as 1,5m, but in the text on the ad the agent writes seller wanting 2m only considering offers above 1.6m. Then after viewing the place and liking it i wanted to put in an offer. Then the agent says i have an offer of 1,8m so don’t put in anything less than that.

This is so frustrating. I really like the place but we have already gone up so much and i am being arm twisted to start at 1.8m already. Anyone who can help me understand if the agent is just trying to get a higher price or was the ad to bait people into viewing it etc.

Thanks
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Its super easy!

Just ask a rates and taxes document to see what the council is valuing it at.

Secondly, if you want it, it becomes a bidding game, as in to put in an offer that would satisfy all parties.

This year I bought a property where the owner bought it for R1 100 000, and I made a personal offer directly of R1 000 000, and it was taken.
 
babyfacek said:
Thank you to whoever started this thread. Wealth of knowledge here. Still reading through the entire post.

I have a question, say a property is advertised as 1,5m, but in the text on the ad the agent writes seller wanting 2m only considering offers above 1.6m. Then after viewing the place and liking it i wanted to put in an offer. Then the agent says i have an offer of 1,8m so don’t put in anything less than that.

This is so frustrating. I really like the place but we have already gone up so much and i am being arm twisted to start at 1.8m already. Anyone who can help me understand if the agent is just trying to get a higher price or was the ad to bait people into viewing it etc.

Thanks
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ignore the agent and put in whatever offer you feel comfortable with, they legally have to present it to the seller. If it was advertised at 1.5 I would not offer anything above that, surely this sort of thing should be reportable also.
 
babyfacek said:
Thank you to whoever started this thread. Wealth of knowledge here. Still reading through the entire post.

I have a question, say a property is advertised as 1,5m, but in the text on the ad the agent writes seller wanting 2m only considering offers above 1.6m. Then after viewing the place and liking it i wanted to put in an offer. Then the agent says i have an offer of 1,8m so don’t put in anything less than that.

This is so frustrating. I really like the place but we have already gone up so much and i am being arm twisted to start at 1.8m already. Anyone who can help me understand if the agent is just trying to get a higher price or was the ad to bait people into viewing it etc.

Thanks
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Also,your insurance provider might not insure it if it's overpriced,so you're in no position to offer more than it's valued at just for commission/profits
 
The r
zerocool2009 said:
Its super easy!

Just ask a rates and taxes document to see what the council is valuing it at.

Secondly, if you want it, it becomes a bidding game, as in to put in an offer that would satisfy all parties.

This year I bought a property where the owner bought it for R1 100 000, and I made a personal offer directly of R1 000 000, and it was taken.
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Rates and taxes show the municipal value as 2m. So thats why i am confused as to why they advertised it at 1.5m in the first place. Also the misleading additional information they put in the advertisement
 
Thanks will just send in our offer as the exact price on the ad. The most they can do is refuse it
Steamy Tom said:
ignore the agent and put in whatever offer you feel comfortable with, they legally have to present it to the seller. If it was advertised at 1.5 I would not offer anything above that, surely this sort of thing should be reportable also.t
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Got a strange question to ask.

We're in the process of finalising an offer on a new place.

The place was bought on auction a few years ago, and no one has stayed there for about 4 years.

Now, this is a plus for us, as no tenants have messed up the place, but because no one is staying there, and the Seller is a company that does investment buying and selling, no one has disputed the Municipal Valuation Roll, and the value on the house is higher than we would like it to be.

Is there anyway to historically dispute previous valuations or can we really only start from the following year?

In the area, houses are valued about half a bar less by the municipality than what they're sold for, but for this house its about R200k more.
 
Hazy_Living@79 said:
Got a strange question to ask.

We're in the process of finalising an offer on a new place.

The place was bought on auction a few years ago, and no one has stayed there for about 4 years.

Now, this is a plus for us, as no tenants have messed up the place, but because no one is staying there, and the Seller is a company that does investment buying and selling, no one has disputed the Municipal Valuation Roll, and the value on the house is higher than we would like it to be.

Is there anyway to historically dispute previous valuations or can we really only start from the following year?

In the area, houses are valued about half a bar less by the municipality than what they're sold for, but for this house its about R200k more.
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Interesting question, I would also be interested to hear. Though from what I have seen when a property sale is made, generally the next valuation is at very least what the sale price was (though that is generally when I have seen the sale price higher than the previous valuation, i.e municipal valuation could be at say R1.2 but the house sells for lets say R2m, the next valuation it would be valued at R2m).

I think you generally find the valuation roll lower than what a house would be marketed or sold for when the house has been owned for several years without changing hands. It is all fscked though because in the exchange of property house prices rocket because of various factors such as estate agents, perceptions, costs involved etc so you generally see property prices continually increasing even though the property deteriorates etc.
 
biena said:
Tshwane ? Munitoria burned down with most of the original plans. They have scanned copies but frankly it looks like a toddler was given a R10 scanner for the job.
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What a coincidence!

Same happened here in PE, when the ANC was in charge of the municipality. :unsure: Fortunately I have all the copies - from the original building plan when I had the house built, plus one for each of the two extensions.
 
babyfacek said:
Thank you to whoever started this thread. Wealth of knowledge here. Still reading through the entire post.

I have a question, say a property is advertised as 1,5m, but in the text on the ad the agent writes seller wanting 2m only considering offers above 1.6m. Then after viewing the place and liking it i wanted to put in an offer. Then the agent says i have an offer of 1,8m so don’t put in anything less than that.

This is so frustrating. I really like the place but we have already gone up so much and i am being arm twisted to start at 1.8m already. Anyone who can help me understand if the agent is just trying to get a higher price or was the ad to bait people into viewing it etc.

Thanks
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So just a follow up to this. I asked the agent to furnish me with the fault list and plans for the property before i put in my offer. It seems there is a leak and damp issue, also a part of the house that isn’t on plan and this is from the previous owners. Seems the seller wants to sell it as it is. The extension is very close to the boundary wall. Doubt its 1m, me thinks getting those plans fixed might be a tall order. I was also hoping to get someone to check the damp.

Funny enough the agent still wants me to put in a higher offer. Smh!
 
babyfacek said:
So just a follow up to this. I asked the agent to furnish me with the fault list and plans for the property before i put in my offer. It seems there is a leak and damp issue, also a part of the house that isn’t on plan and this is from the previous owners. Seems the seller wants to sell it as it is. The extension is very close to the boundary wall. Doubt its 1m, me thinks getting those plans fixed might be a tall order. I was also hoping to get someone to check the damp.

Funny enough the agent still wants me to put in a higher offer. Smh!
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put in an offer subject to approved plans and the damp issue being fixed.
 
Steamy Tom said:
put in an offer subject to approved plans and the damp issue being fixed.
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Just told the agent my intention and he said the owners have outright said they aren’t doing any of that as they are about to leave the country. The buyer will deal with that.

Thinking i should offer a ridiculous amount or just walk away as it’s slowly getting messy.
 
babyfacek said:
Just told the agent my intention and he said the owners have outright said they aren’t doing any of that as they are about to leave the country. The buyer will deal with that.

Thinking i should offer a ridiculous amount or just walk away as it’s slowly getting messy.
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I agree - you should get a quick "no" and you can move on. Reading between the lines they're not as desperate to sell as you are to buy.
 
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