Significant delays are often caused by situations where sellers are not in possession of approved plans. When the submission of the plans becomes a condition of the sale of the property, or a pre-registration condition of the prospective purchaser’s bank, which is an increasingly more frequent situation, irregularities are detected that could ultimately result in the cancellation of a transaction.
Sellers should consider making use of a service provider that can undertake the necessary compliance vetting and recommend actions to be completed before the house is put on the market. Such aspects should include discrepancies on building plans, zoning conflicts, title restrictions and servitudes and building lines.
Aside from electrical and plumbing compliance, there may also be additional compliance issues unique to the particular municipal area or property type that needs to be dealt with. These may include a gas installation certificate of conformity, electric fence certificate, regulations relating to the safety of swimming pools or a lightning conductor on thatched roof properties.
Having these in place means that you can put your property on the market with confidence, further. It means that once an offer to purchase is accepted, the transaction can move forward quite quickly without any delays.
Courtesy of My Property | Gerhard Van Der Linde from SEEFF