Offer to purchase question

APoc184 said:
Is it common for nothing new to happen for a week?

Last update was us confirming insurance and life insurance with bond originator. As well as us paying their proforma invoice received.
And last update from transfer attorneys was that the sellers have already signed at their office.

Since then nothing new and we have not been to offices to sign anything else.
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Best advice I can give you right now is to try your best to ignore the process. You can't do anything to speed up the process and you'll only get frustrated trying to follow every step. The lawyers will be in contact if they need anything from you.
 
Speedster said:
Best advice I can give you right now is to try your best to ignore the process. You can't do anything to speed up the process and you'll only get frustrated trying to follow every step. The lawyers will be in contact if they need anything from you.
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Some good advice here.
 
Speedster said:
Best advice I can give you right now is to try your best to ignore the process. You can't do anything to speed up the process and you'll only get frustrated trying to follow every step. The lawyers will be in contact if they need anything from you.
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Thanks.

Simply asking what is on our mind because we think so many other first time buyers might have the same question later. Now they can see it is common and not to feel worried about it.

Especially because things happened a lot quicker in the beginning and there was so much communication from the agent, bond originator, insurance companies, bond attorneys and transfer attorneys to begin with.
 
Are you able to buy a block of apartments ie 5 apartments by taking out one loan?
 
APoc184 said:
Is it common for nothing new to happen for a week?

Last update was us confirming insurance and life insurance with bond originator. As well as us paying their proforma invoice received.
And last update from transfer attorneys was that the sellers have already signed at their office.

Since then nothing new and we have not been to offices to sign anything else.
Click to expand...
I was about to post here asking the same thing :ROFL:

We've also just been sitting and waiting after the bond acceptance was sent to the attorneys and we submitted all the necessary docs. I mailed them for an update yesterday and they are "drafting the bond documents". I guess the delay is normal at this stage.
 
LlamaParty said:
I was about to post here asking the same thing :ROFL:

We've also just been sitting and waiting after the bond acceptance was sent to the attorneys and we submitted all the necessary docs. I mailed them for an update yesterday and they are "drafting the bond documents". I guess the delay is normal at this stage.
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So we are still at the exact same point.

The race is on to see who moves in first :p
 
@APoc184 you mentioned your insurance was cheaper through your broker previously. Who are you with? Or any recommendations?
 
Midnights_Ghost said:
@APoc184 you mentioned your insurance was cheaper through your broker previously. Who are you with? Or any recommendations?
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Property Insurance or Life?

With Life Insurance we went with a Liberty Policy through our personal broker.
Property and household content insurance we are with Brolink (Santam I believe). Also through our personal broker.
 
SmartSelect_20200902-153204_Drive.jpg

Does this look right? I have no idea so I thought id ask here first for any info
 
Why do you have to pay agents fees and rates clearances certificates if you're the one buying the house?
 
Midnights_Ghost said:
View attachment 904432

Does this look right? I have no idea so I thought id ask here first for any info
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I bought this week, and I have a municipal clearance certificate fee (for the buyer). That doesnt make sense at all

I now queried it via the legal team. I got a quote before hand not listing it!

S h i t mense kan skelm wees
 
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Speedster said:
Vat on transfer fees looks a bit dodge. The rest looks right for about R1.5m purchase price
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zerocool2009 said:
Whats your purchase amount?
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R900K


Fcon_Vpro said:
www.ooba.co.za

Transfer Cost Calculator | Transfer Duty Calculator | Bond Registration Costs

Once your bond has been granted and accepted, you'll be required to pay costs to register the bond and costs to transfer the property.
www.ooba.co.za www.ooba.co.za
This calculator will help you determine if its inline
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Thanks will take a look
 
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