How The Voetstoots Clause Affects Your Home Purchase

 

The Infamous Voetstoots Clause

voetstoots
The Subterranean and Dry Wood Termites or white ants can be found in Gauteng.

A voetstoots clause could be disastrous!

Most second-hand property sales are subject to the voetstoots clause.

When home hunting, most home buyers tend to be so excited that they give no thought to a closer inspection. Before you know you have signed the agreement and the property is yours. But what about all those defects you didn’t see during your first or even second visit.

Although it’s the law that home sellers have to disclose defects, it’s amazing what a coat of paint will hide.  You will only start noticing problems six months down the line – when it’s too late for recourse. Continue reading “How The Voetstoots Clause Affects Your Home Purchase”

Your Hot Water Geyser can EXPLODE!

Your hot water geyser can explode!

hot water geyser
Approximately 40% of the installations of geysers do not comply with the SANS 10254 specification.
The intention of this article is to inform you, in the interests of your and your family’s safety, what you should and should not see if you happen to stick your head into the ceiling space to check out your hot water geyser. If your geyser installation is significantly different from what is described here, I suggest that you get a reputable plumber to repair it. Check out the videos at the bottom of this article!

Continue reading “Your Hot Water Geyser can EXPLODE!”

Is a Seller’s Disclosure worth the paper it’s written on?

 

Seller’s Disclosure

disclosure

 

There are also various versions of “Sellers Property Condition Disclosure” statements in use by estate agents. The Estate Agency Affairs Board (EAAB)  prepared one of the disclosure forms. Another by a prominent firm of conveyancing attorneys. Some “Offer To Purchase” contracts include the seller’s disclosure towards the back of the contract. None do much to make the average property transaction any fairer for the buyer.

These disclosure statements often don’t provide the buyer with genuinely comprehensive information on the true condition of the property. Such agreements often simply shift responsibility away from the estate agent and onto the seller. Continue reading “Is a Seller’s Disclosure worth the paper it’s written on?”