Offer to purchase question

Steamy Tom said:
put in an offer subject to approved plans and the damp issue being fixed.
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No sane seller is going to accept any such offer. Plans are what they are. Damp is a minefield.

I just got a damp remediation quote for over R 100k for a single wall. Might as well demolish and reconstruct that side of the house. Or do what any normal person does and just live with it.

The guy's next appointment was with a lawyer who'd just bought and was suing the seller for damp. Perhaps the seller accepted his offer with a term agreeing to fix damp issues. Bet he regrets that now.
 
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Tomtomtom said:
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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Yup. You are 100% right. Will just leave it at that. The cherry on top of the cake it has been on the market since beginning of the year. Guess they were waiting to finalise on visas and stuff. Will see how much longer it lasts.
 
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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Walk away, property is not worth the pain.

Extension that close to a boundary wall is a minefield. If you go over the building line then you need neighbors permission. Neighbor is not obligated to say yes, it then boils down to lawyers/demolition/town planning/inspectors etc etc. Even demolishing it is a pita, municipality becomes aware of demolition they can be asses and demand engineer signoff/ new plans / new inspection/ new occupancy certificate.

My opinion building line encroachment is never ever do that. Avoid any property that has such even if everyone around it signed off. That includes if any neighbor is over the building line too, encroachment lowers the value of any property adjacent to it.

babyfacek said:
Yup. You are 100% right. Will just leave it at that. The cherry on top of the cake it has been on the market since beginning of the year. Guess they were waiting to finalize on visas and stuff. Will see how much longer it lasts.
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Or after viewing the property people went nope too much of a problem.
 
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I always tell people when I'm looking at houses, I don't want to buy work.
 
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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If it's something you want and are prepared to go through the pain of fixing.

I'd say offer your lower amount (factor in costs of issues) and put it forward.
If they are looking to leave and just need to sell then it will be accepted and everyone is good (not happy but good to get on).

If it's declined, move on.

The agent only cares about commission nothing that happens after.
 
Just a random question. How many times did you view a property before you put in an OTP? Anyone suffered buyers remorse after?
 
babyfacek said:
Just a random question. How many times did you view a property before you put in an OTP? Anyone suffered buyers remorse after?
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1 time on the weekend to hear if it’s busy when neighbours are around.
1 time in the afternoon to get a feel for traffic from work.

Usually work this way. At night as well to see what lights work etc.
 
the agent is lying, you will know this as there lips are moving...

now that we have established that the sellers aren't moving to Antartica to start a summer zen retreat we can focus on the house.

1) plans are legal reqirements, if the current plans held aren't the same as the house as it is currently, then the municipality is perfectly in it's rights to knock down what is not approved.
2) you will need to have new plans drawn up and then sent for approval etc, this takes months as you can imagine. And if there is even something simple as a skylight, well then you suddenly need structural engineers to come in and approve them as well.
3) once all that is done let's focus on the moist box... damp in one area of the house can be fixed no problem. Maybe there is no DPC there or the room was used as a greenhouse etc etc. A new silicone DPC can be injected into the wall.
4) If you like the house then work out what the damp repair will cost plus your wasted time in doing this. So if it's R10,000 then make it R20,000.
5) plans <-- do not buy without approved plans
6) in your OTP just stipulate what you want, and ALWAYS make a "the house transfer must be completed in a reasonable time frame to a maximum of 6 months.." <-- something on those lines.
 
babyfacek said:
Just a random question. How many times did you view a property before you put in an OTP? Anyone suffered buyers remorse after?
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I have, when we just started looking. Went and viewed a property and it was an absolute dump, but the price was low. People living and subletting in the house, but it was absolutely horrible. I remember one room we checked had an old lady passed out on a hospital bed and we were told she's "on her last legs and just waiting to die" there, apparently.

However, the agent promised house will be empty on registration, so we put in an offer.

Then I learned more about squatters rights and all that, and regretted that offer. I was stressing every second until the offer finally lapsed. Never again. Ever.
 
Toxxyc said:
I have, when we just started looking. Went and viewed a property and it was an absolute dump, but the price was low. People living and subletting in the house, but it was absolutely horrible. I remember one room we checked had an old lady passed out on a hospital bed and we were told she's "on her last legs and just waiting to die" there, apparently.

However, the agent promised house will be empty on registration, so we put in an offer.

Then I learned more about squatters rights and all that, and regretted that offer. I was stressing every second until the offer finally lapsed. Never again. Ever.
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I think you did a post on this somewhere. It went from Optimistic to quite depressing very quickly.
 
Wrath of Khan said:
the agent is lying, you will know this as there lips are moving...

now that we have established that the sellers aren't moving to Antartica to start a summer zen retreat we can focus on the house.

1) plans are legal reqirements, if the current plans held aren't the same as the house as it is currently, then the municipality is perfectly in it's rights to knock down what is not approved.
2) you will need to have new plans drawn up and then sent for approval etc, this takes months as you can imagine. And if there is even something simple as a skylight, well then you suddenly need structural engineers to come in and approve them as well.
3) once all that is done let's focus on the moist box... damp in one area of the house can be fixed no problem. Maybe there is no DPC there or the room was used as a greenhouse etc etc. A new silicone DPC can be injected into the wall.
4) If you like the house then work out what the damp repair will cost plus your wasted time in doing this. So if it's R10,000 then make it R20,000.
5) plans <-- do not buy without approved plans
6) in your OTP just stipulate what you want, and ALWAYS make a "the house transfer must be completed in a reasonable time frame to a maximum of 6 months.." <-- something on those lines.
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Thank you! Very informative
 
Toxxyc said:
I have, when we just started looking. Went and viewed a property and it was an absolute dump, but the price was low. People living and subletting in the house, but it was absolutely horrible. I remember one room we checked had an old lady passed out on a hospital bed and we were told she's "on her last legs and just waiting to die" there, apparently.

However, the agent promised house will be empty on registration, so we put in an offer.

Then I learned more about squatters rights and all that, and regretted that offer. I was stressing every second until the offer finally lapsed. Never again. Ever.
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This is wicked! Waaa. Why did the offer lapse? Did they have lots of other offers?


Also went to see another property and the people were selling because they had fallen on tough times. Their attitude gave a sense of they won’t be leaving even after the property has been sold as they really weren’t cooperating for nothing.
 
babyfacek said:
Just a random question. How many times did you view a property before you put in an OTP? Anyone suffered buyers remorse after?
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1724662968254.png

The OP is about them putting in an OTP and almost immediately feeling remorse. It's a good read.
 
once both parties have signed, you're locked in... you can of course get out, but you are going to pay, and guess who the ONLY party that is there to screw you over, wait... wait... wait.. you guessed it, ding ding ding ---> the estate agent! They will eff you so hard in your noose pipe just to get there filthy commission.

be warned.

oh and 100% agree on the other chaps post, in an OTP give the owner 24hrs - 48hrs max to decide on your offer. They know the price they want, stop with this 7 days eff me in the bum waiting to see if the agent can screw over more people to get more money for themselves.

Also, you are allowed to add in anything you want into the condition of sale, fix this do that, rent your daughter the works, as long as it is counter signed its binding.
 
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