-
Ask a question and get free supportUnlock new privileges and see hidden discussionsWin prizes and earn reputation
-
Question of the day ~ How often do you braai?
-
Afristay giveaway.Win a 2-night stay for two people at an establishment of your choice with R1,000 in spending money. Enter here.
Sign up with GoogleSelling your house privately.
- Thread starter Mars
- Start date
biometrics
Honorary Master
- Joined
- Aug 7, 2003
- Messages
- 71,858
I've had several request per PM for an Offer To Purchase document. Here's a good one from privateproperty.co.za: https://privatepropertyonline.zendesk.com/hc/en-us/articles/200171732-Offer-to-Purchase
touch_stone
Well-Known Member
- Joined
- Nov 6, 2007
- Messages
- 434
Hi, would there be any complications to selling a Flat privately?
It's in a complex but would there be any fundamental difference than say selling a free standing house privately.
It's in a complex but would there be any fundamental difference than say selling a free standing house privately.
yebocan
Honorary Master
- Joined
- Sep 22, 2005
- Messages
- 14,008
Something I read earlier:
Forms at centre of dispute over property sale
Using a standard form bought from a stationer has proved to be a costly mistake for the buyers and sellers in a property deal because after expensive litigation a Durban High Court judge has ruled determining if the deal was legitimate could only be unravelled at another trial.
'These standard forms are dangerous instruments in the hands of lay persons, unschooled in the technicalities prescribed by law for contracts required to be in writing,' Judge Rashid Vahed said in his judgment in the matter of Bongani and Thabile Mazibuko versus Doman and Sampooram Rampersadh. The Mazibukos obtained an interim order against the Rampersadhs last October, preventing them from transferring the property - a house in Avoca Hills - to anyone else after the Rampersadhs purported to cancel the sale agreement.
Judge Vahed said the owners had put up a 'for sale' sign outside their home which had attracted the Mazibukos and negotiations began, involving neither estate agents or lawyers, during which the Mazibukos bought two identical printed documents headed 'Offer to Purchase which constitutes a Deed of Sale when accepted'.
The documents, he said, set out terms and conditions commonly applicable to property deals, with blank spaces for the insertion of details such as price and dates. At a meeting between the two parties last July, the forms were partially completed, indicating a price of R650 000 and each party left the meeting with one copy.
But the documents submitted to the court were different, written in different scripts, with signatures in different places reflecting different agreements on the deposit.
The Rampersadhs claimed they never agreed to certain additions and alterations on the Mazibuko document. The buyers had not paid the deposit into their bank account and that, contrary to the agreement, they chose the conveyancer.
Doman Rampersadh said he told Bongani Mazibuko he was cancelling the agreement and sent him an SMS that it was 'null and void'.
Judge Vahed said the answer lay in unpacking in detail what transpired when the parties met and precisely what form the document took during the stages of its construction. He reserved costs.
Pretoria News
Posted at 08:47AM Jun 11, 2014 by Editor in Market |
http://www.iolproperty.co.za/roller/news/entry/forms_at_centre_of_dispute
Forms at centre of dispute over property sale
Using a standard form bought from a stationer has proved to be a costly mistake for the buyers and sellers in a property deal because after expensive litigation a Durban High Court judge has ruled determining if the deal was legitimate could only be unravelled at another trial.
'These standard forms are dangerous instruments in the hands of lay persons, unschooled in the technicalities prescribed by law for contracts required to be in writing,' Judge Rashid Vahed said in his judgment in the matter of Bongani and Thabile Mazibuko versus Doman and Sampooram Rampersadh. The Mazibukos obtained an interim order against the Rampersadhs last October, preventing them from transferring the property - a house in Avoca Hills - to anyone else after the Rampersadhs purported to cancel the sale agreement.
Judge Vahed said the owners had put up a 'for sale' sign outside their home which had attracted the Mazibukos and negotiations began, involving neither estate agents or lawyers, during which the Mazibukos bought two identical printed documents headed 'Offer to Purchase which constitutes a Deed of Sale when accepted'.
The documents, he said, set out terms and conditions commonly applicable to property deals, with blank spaces for the insertion of details such as price and dates. At a meeting between the two parties last July, the forms were partially completed, indicating a price of R650 000 and each party left the meeting with one copy.
But the documents submitted to the court were different, written in different scripts, with signatures in different places reflecting different agreements on the deposit.
The Rampersadhs claimed they never agreed to certain additions and alterations on the Mazibuko document. The buyers had not paid the deposit into their bank account and that, contrary to the agreement, they chose the conveyancer.
Doman Rampersadh said he told Bongani Mazibuko he was cancelling the agreement and sent him an SMS that it was 'null and void'.
Judge Vahed said the answer lay in unpacking in detail what transpired when the parties met and precisely what form the document took during the stages of its construction. He reserved costs.
Pretoria News
Posted at 08:47AM Jun 11, 2014 by Editor in Market |
http://www.iolproperty.co.za/roller/news/entry/forms_at_centre_of_dispute
Mickepicton
New Member
- Joined
- Jun 18, 2014
- Messages
- 5
i think so you need some agent advice other wise you can check what are status are there
Hi. I have recently been studying and searching topics and books on property investing lately, from a US point of view; because it seems there's hardly any online forums in SA about the topic. Do you perhaps know of any out there? In particular, I had interest in the wholesaling part of property investing, a concept very popular in the states but seemingly not so in SA. Are you still into property at present? how is it progressing? I am about to 'dip into the waters myself'...any tips and guidelines appreciated!...thanx
Hi, are you a property investor? I am interested in venturing into the field myself. I was thinking of starting out with wholesaling properties (assigning contracts), a concept very much alive in the Americas but I don't know if it's done anywhere around south africa. What type of property investing are you doing, if any?
I think there's enough information here. Thank you guys, I could really use your help. I also wana sell my flat privately
Use the one from CNA. It apparently covers everything
reactor_sa
Executive Member
- Joined
- Feb 6, 2009
- Messages
- 7,844
What's wrong with the privateproperty one?
This, I used it too.
sell house
I am a real estate agent in the Democratic Republic of Congo more precisely in Kinshasa and I propose luxury villas for sale like this one which is 2.5 million in a chic neighborhood of the capital Kinshasa, if you interested you can contact me on watshapp +243859091084 thank you
I am a real estate agent in the Democratic Republic of Congo more precisely in Kinshasa and I propose luxury villas for sale like this one which is 2.5 million in a chic neighborhood of the capital Kinshasa, if you interested you can contact me on watshapp +243859091084 thank you
reactor_sa
Executive Member
- Joined
- Feb 6, 2009
- Messages
- 7,844
Sold my house privately. Was definitely worth the 7% saving. Estate agents are a rip off of note.
The lead came from privateproperty but I had more total leads from property24.
The lead came from privateproperty but I had more total leads from property24.
bokka1
Expert Member
- Joined
- Nov 27, 2006
- Messages
- 4,404
Same process, same costs.