Buyers: Know your boundaries

With new housing development and the sale of stands in gated communities starting to pick up again, buyers must make sure they have accurate information regarding boundaries, beacons and stand numbers.
So says Berry Everitt, MD of the Chas Everitt International property group, who notes that most property sale agreements contain a clause saying that the buyer has familiarised himself with the location and extent of the land he is buying – but that very few buyers do in fact really “walk the boundaries” before they sign.
“And while that may not be a problem when the stand they are buying is in an established suburb and visibly defined by the boundary walls or fences around other properties, it could turn into a major headache in a new estate or township.”
When such developments are launched, he says, the developers or their agents usually do erect clear stand markers, but as time goes on, these may well be moved or lost as a result of construction work, which will leave the site plan as the only indication of where stands lie and their boundaries fall.
“At which stage it is often all too easy to mistake one piece of vacant land for the one next door, or to visualise a stand being bigger than it really is, or to write the wrong stand number on a sale agreement.”
Writing in the Property Signposts newsletter Everitt notes that no reputable estate agent would, however, try to sell land under such conditions, and that consumers who don’t want to end up owning the “wrong” stand should not buy in such circumstances either.
“They should insist that the seller enables them to see clearly what they are buying – even if it means calling in a surveyor to erect new beacons.”

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 22 Jun 2018
      The rental market in many Johannesburg suburbs has shown encouraging signs of revival this year but it remains a competitive market and landlords who best cater to their market’s needs will reap the healthiest returns.
    • 22 Jun 2018
      Home design is constantly evolving to reflect the changing needs of society. We look at some of the ways in which our use of space is changing.
    • 22 Jun 2018
      While estate agents can help the seller with correctly pricing the property and marketing a property to the right pool of potential buyers, at the end of the day it’s the impression that the property will make on buyers that counts the most.
    • 21 Jun 2018
      Anyone who’s ever been involved in a building project that’s gone wrong will appreciate the importance of adequate insurance cover in the construction industry.
    • 21 Jun 2018
      A recent news story about a blind tenant caught in a legal battle with his body corporate over letters and notices he was unable to read and consequently comply with has raised the question: what are the legal obligations for landlords with disabled tenants?
    • 21 Jun 2018
      A trend that’s taken the world by storm in recent years is that of hygge (pronounced: hue-guh), a Danish concept that is about creating intimacy, connecting with loved ones and taking pleasure in small, ordinary things.
    • 20 Jun 2018
      Buying or selling real estate isn’t as easy as it is portrayed sometimes, especially if there is a death of a party during the transaction which can make it awkward, tricky and inconvenient.
    • 20 Jun 2018
      With interest rates remaining at historic lows and banks continuing to compete for mortgage finance business, first-time buyers with funds at their disposal are currently well-placed to gain that initial foothold on the property ladder, particularly in the light of the slightly lower growth rates currently experienced in residential property values.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us