Pindula
Register Login

What Every Zimbabwean Home Buyer Needs To Know

What Every Zimbabwean Home Buyer Needs To Know

Before you agree to buy what might be your dream house, consider the following important information.

Use registered agents

It’s illegal for individuals to sell a house for someone else, for profit. Using a registered agent offers you protection that bogus agencies cannot offer you. Also, you can go to the Estate Agents Council if you feel that you have been handled negligently or fraudulently.

In addition, Registered Agents handle property sales on a regular basis and can help you to avoid many of the pitfalls that can occur.

See the Property

Never purchase a property that you haven’t seen yourself. If you are unable to go to the property send a friend or trusted associate to go on your behalf.

What you see, may not be what you get

If water is a concern for you, get the borehole tested. People are quick to label their borehole as “good”, but what does that really mean?

Borehole capacity can change very quickly, depending on environmental and local changes. We can see that a borehole is working, is equipped, is un-equipped, and so forth, but getting it tested is the only way to know what you are getting.

What do you have to pay?

The greatest cost will be the purchase price of the property. In Zimbabwe, generally, the Buyer also pays for the transfer of the Title Deed. This cost is normally between 4-5% of the purchase price.

Can I negotiate the price of a house?

Yes, but ultimately the purchase price will depend on the agreement between the Seller and Buyer, which is handled by the agent, who is also called a “Negotiator”. Other things to be negotiated are the occupation date, rental payments, or payment terms.

All of these details need to be laid out clearly in the Agreement of Sale.

Get confirmation

Be sure that your agent has done a Deed search on the property, this will tell you the size of the property, the legal description, the legal owner, and will often provide a diagram of the property. The Deed search will also alert you to any outstanding legal claims to the property.

Remember, just because there is a wall or a fence, it doesn’t always mean that is the property line.

Bring in an expert

Very few agents are experts in construction, boreholes, or soil quality, etc. If these things are important to you bring in an expert to give you his independent opinion, before you sign the contract. Resolve any issues before you sign the Agreement of Sale.

Occupation

You, obviously, cannot occupy your new property while the previous owner or tenant is still living there. When viewing the property it is good to understand if the house is currently occupied. If there is a tenant, you need to know the length of his lease.

From the date of occupation, you will normally be responsible for all of the rates, bills, etc. The risk and benefit of the property pass to you at the date of occupation.

 

Author: Jonathan Thompson

_______

For more information on any of the above, you can talk to Thompson Properties via:


Share Article

Sponsored

More

15 Comments

guy t 2 weeks ago

thank you,thats rich n informative ,fraudsters are out there ,trying how to knock us down financially


Wonder Simuka 2 weeks ago

Thank you for educating the puplic and making us aware of the loopholes in the systems currently on use by unfaithful business people.


rrrr 2 weeks ago

unokwereta sei ne telecel


The Real Vaccine 2 weeks ago

How on earth can some one reading free news can afford a house
📡📡📡📡📡


eheka Uri **** ravo 2 weeks ago

varikukuisa kumanyowa ndomakusaka

lalala 2 weeks ago

haireve nhema

daddy 2 weeks ago

hausati wamboona mbinga dzisina whatsapp here enda kuma farms or mamines kune ngwere dzisitorina app phone,email adziizive but anokuendera paCroco moyors ne50ks cash akakutorera d4d pane hwani anonz Chihowa,mukazhizha,mulangeni vanotenga maproperties vachitengesa havana kana laptop or android phone anokufonera kana zve 2hrs

Sponsored

More
Zimca 2 weeks ago

but guys please let's Vote for Ed


jack Sparrow 2 weeks ago

haaaaa!!!

Zimca 2 weeks ago

Obviously am joking Down with Zanu PF😂😂😂😂

Asalif 2 weeks ago

hope you are joking 😀😀😀😀😀DIRA HAKO RIZARE 🥃🍾

Wave 2 weeks ago

Thank you for the enlightenment!


mhofela 2 weeks ago

Tanga tahwa nekubirwa Vote CCC



Leave a comment


Recent News


News Categories



Give us a Feedback