Don’t
Posted by Don Packett under Uncategorized on January 29 2007 at 9:03 AM
I repeat don’t buy a house when the current owner is selling because of money problems.
You could be in line for endless shit, and when you want to do things you’re restricted, because if you do, his problems might all too soon become your own.
.
Just a warning. Grr.
January 29th, 2007 at 12:30 pm
Yes, this is a tricky one considering the horrendous property prices in South Africa. I think the only way many people would be able to afford to buy is if they:
- decide to move to Cosmo City
- buy off of someone in a hurry to sell
- buy off a bank repo
All of these options have their risks, and is probably why I am renting.
January 29th, 2007 at 1:06 pm
Yup. Unfortunately we had number 2, and it sucks.
January 30th, 2007 at 11:09 am
Who’s “we” Don, is there a new missus?
January 30th, 2007 at 8:00 pm
Wezzo, you’re kidding bro?
http://www.missinglink.co.za/about.php?page=http://missinglink.typepad.com/about_us/2005/03/samantha.html
January 31st, 2007 at 12:42 am
Serious Rich? Wow Don, moved in and everything, had no idea. Thanks for keeping your P-Town buddies in the loop.
January 31st, 2007 at 8:40 am
Dude, my bad. My telegraphs obviously got lost in Midrand on their way to you kids.
January 31st, 2007 at 10:07 am
Dude move to a trailer park, your biggest risk will be using the communial loo. Respect on your purchase bro, bastard!
January 31st, 2007 at 2:15 pm
The single biggest hassle factor is that both parties now have to have a tax clearance certificate. So if all involved are not up to date with SARS, the transaction’s gonna be a pain in the butt. And as you say, if they have money hassles, chances are they won’t on SARS list of favourite people.
February 27th, 2007 at 12:39 pm
Good luck!
Sounds like you might have some interesting times ahead. Why not document your experiences and write a how-to book on them?
You could make millions and buy your next house with the proceeds!
May 2nd, 2010 at 7:01 pm
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