Buying a house is a big decision, and one that should not be taken lightly. After all, you’re investing your hard-earned money in something that could potentially be your home for many years to come. That being said, it’s important to do your research and ask the right questions. And one of the best ways to do this is to consult with an expert – someone who knows the ins and outs of the housing market in South Africa. In this blog post, we tell you about a company called PropertyAdvice, and how they can help you navigate the complexities of the South African housing market. By doing so, you can ensure that you make the best decision for yourself and your investment.
What to do if you find out after the fact that a property you purchased has major problems
If you are buying a property and find out after the fact that it has major problems, there are a few things you can do. First, talk to the seller and see if they will help rectify the situation. If not, you may need to take legal action. Second, try to get a copy of the structural report for the house. This will give you an idea of just how much work is needed to fix the problems. Third, make sure you have insurance on the property in case of damage or loss. Finally, be prepared to do a lot of work yourself if necessary in order to make the property liveable.
What to do if you have already moved in and the problems have started to show
If you are already living in a home that you have bought and the problems have started to show, there are steps that you can take to try and rectify the situation. The first thing to do is to speak to the seller and ask them what they knew about any underlying issues with the property. It may be that they were not aware of any problems, or that they did know about them but chose not to reveal this information to you.
If the seller cannot provide an answer or is unwilling to help, then you may need to get a lawyer involved. The lawyer may be able to take legal action on your behalf in order to try and force the seller into resolving the issue or selling you the property. If the seller is willing to resolve the issue, then a settlement agreement may be put in place which will outline what needs to be done in order for both parties to feel comfortable with continuing with the purchase.
If all else fails and you still want to buy this property, it may be worth considering getting an independent inspection done of it. This will help ensure that any underlying issues are discovered and fixed before you sign anything over ownership of it.
What were some of the problems with the property?
The property was initially inspected by a licensed real estate agent and they found that the roof had serious damage, there were water leaks and mice had occupied some of the bedrooms. The home was not yet drywalled which made it difficult to insure.
Despite these initial problems, the seller proceeded to list the property with an agency who managed to get it sold within a week for over double the original asking price. After the sale, buyers discovered that many of the problems with the house had not been disclosed in the advertisement or inspection report – such as extensive water damage, structural defects and wildlife infiltration.
Why weren’t these problems disclosed to the buyer?
When Buyers Find Out About Problems With Properties
Buying a property can be an exciting and nerve-wracking experience, but it’s important to do your research beforehand so you know what to expect. Unfortunately, some buyers find out about problems with properties long after they’ve agreed to purchase them.
In South Africa, property agents are not required by law to disclose any potential problems with a property before sale. This leaves buyers vulnerable to scams and scam artists who may try to take advantage of them. By the time buyers realize there are problems with their purchase, it often’s too late – they’ve already put down a deposit or taken out a mortgage.
It’s important for buyers to be aware of their rights and be sure to ask any property agents questions about the property they’re interested in purchasing. If there are any concerns or doubts about the property, don’t hesitate to contact your lawyer or local consumer protection group for more advice.
What to do if you’ve been lied to
If you have been lied to about a property you have recently purchased in South Africa, there are a few things you can do. The following are some tips to help protect yourself:
1. Do your research – Make sure you thoroughly inspect the property before buying it, and ask any questions you have. If something seems fishy, don’t buy it!
2. Get legal advice – If you feel that the property may not be as advertised or as safe as you thought, get legal advice from a lawyer or paralegal. They can help protect your rights and ensure that the seller follows through with their obligations under the law.
3. File a complaint – If you have had problems with the property after purchasing it, file a complaint with the authorities (e.g., police, housing department). This will help ensure that justice is served and that your rights are protected.
What to do if there are problems with your property
If you have purchased a home which has significant problems, it is important that you take action as soon as possible. Here are some things to do if you have any concerns:
1. Contact the seller or your mortgage company immediately. This is the most important thing that you can do in order to protect your interests. If there are major structural or safety issues with the property, they may be able to help facilitate a quick sale or refinance so that you can move out as quickly as possible.
2. Document everything! Keep notes of all your interactions with the seller and any representatives from your mortgage company. This will help when it comes time to dispute anything related to the property.
3. Get an independent appraisal. This will help ensure that you are not overpaying for the property, and will also provide valuable information regarding any potential litigation related to the property.
4. Get a lawyer involved ASAP! If there are any serious legal issues with the property, it is important to get representation as soon as possible in order to protect yourself and your assets.
How to find a lawyer
When you are ready to buy a home, it is important that you consult an attorney. You may be surprised to learn that, depending on the state in which you reside, not all problems with a property must be disclosed before closing. This can create some serious legal issues if you are not aware of your rights and responsibilities.
To find an attorney who can help guide you through the process, start by looking online or contacting your state bar association. Make sure that the lawyer you choose is qualified and experienced in real estate law. Ask for references and/or check their credentials online. Finally, always have a copy of your contract handy when meeting with the attorney and your mortgage lender.
What to do if the problems are too big for you to solve
If you have a serious problem with your home that you can’t solve on your own, there are several steps you can take to get help. The first step is to talk to a real estate agent or lawyer who can represent you in negotiating a sale or filing for bankruptcy.
Another option is to contact a nonprofit group like the Home Ownership Resource Center (HORC) or the Neighborhood House. These groups can offer free advice and assistance in solving your problems, including helping to find money for repairs or foreclosure proceedings.
Finally, if all else fails, you may need to go through the legal system. A lawyer can help you file for bankruptcy, negotiate a sale, and deal with any other necessary legal procedures.
How long it will take to resolve the issue
If you are like most people, when you buy a home, you assume that it is in perfect condition and that all the problems have been fixed. Unfortunately, this is not always the case. In fact, there are often hidden problems with homes that are not disclosed to buyers.
When these problems are discovered after the sale, they can be very difficult to fix. Often times, the seller has already moved out and taken all of their belongings, leaving the buyer with little recourse. Because of this situation, it is important to be aware of the signs that your home may have problems before buying it.
Some common signs that your home may have issues include:
1) Strange odors or smoke coming from the chimney – If there is an unusual smell coming from your chimney, it may indicate that there is something wrong with your heating system or roofing. Smoke coming from the chimney also could mean that there is a fire in your fireplace or wood burning stove.
2) Damage to exterior walls or ceilings – If there are holes or tears in your exterior walls or ceilings, this could be an indication of structural damage caused by water infiltration, windstorms or hail storms. Moreover, if there are large areas of damaged wall membrane or ceiling material, this could be a sign of a moisture issue.
3) Unanswered questions about previous repairs – If you have questions about any repairs made to your home previously (or don’t know who made them),
If you are like many people, buying a home is one of the biggest investments you’ll ever make. And, like any major purchase, it’s important to do your research and get advice from someone who knows what they’re talking about. Unfortunately, not everyone is honest when selling or renting homes in South Africa. As a result, many buyers end up getting taken advantage of — which can lead to all sorts of problems later on. If you’ve bought a home recently and have started experiencing problems that weren’t disclosed to you in advance, don’t hesitate to reach out for help. There are organizations and lawyers who specialize in helping buyers fight back against unscrupulous sellers.