As an experienced real estate principal, I urge all property sellers in Cape Town to proactively ensure their property’s building plans are fully compliant and accurately reflect the current structures at the local council. While it might seem a minor detail, discrepancies can lead to significant delays and complications in the transfer process, impacting both sellers and eager buyers.
Unapproved alterations or a mismatch between your property and council records can cause a range of issues, significantly derailing your sale:
- Bond Approval Hurdles: Financial institutions often require approved plans for bond grants, halting the process.
- Municipal Penalties: Non-compliance can lead to fines, enforcement notices, or even demolition orders.
- Protracted Delays & Costs: Rectifying unapproved structures after a sale is agreed upon can incur substantial costs and lengthy delays, frustrating all parties.
- Risk of Sale Collapse: Buyers may withdraw if faced with unforeseen complications and expenses.
To facilitate a smooth and swift transfer, it is crucial to have your “as-built” plans updated and approved before listing your property. This transparency protects you from potential liability for latent defects and provides buyers with confidence, avoiding unnecessary stress and ensuring a seamless transaction for all parties involved. Proactivity here truly pays off.
Sally Gracie
Chas Everitt Cape Town South
