The Lady Hooligan’s Page

Finally, the building process has started!  The scaffolding went up again this week and with luck the concrete slab will be poured by the weekend!  Unfortunately I won’t be here to see it done, but I’ll take a pic on Monday.

Scaffolding up!

I’m pretty frustrated as I am typing here, as well as pressured from all sides. To say that I hate every moment of it, is a bit of an understatement.

I gave a hefty deposit for the property that I want to purchase. At the moment that deposit lies in a money market account somewhere. That’s good.

However, the builder wants access to that money. You can’t p… off a builder, because then you won’t get your place done.

My problem is that to “lend” him the money now would be as much of a gamble as if I have taken all that money and bought lotto tickets. There is nothing to protect ME, even with a proper loan agreement in place, until the sectional title scheme has been registered and my bank loan for the rest of the purchase price has been approved. So, on proper legal advice, I’m NOT going to give him any money until that happens.

Bit of a catch-22, methinks, but he’ll just have to build a bridge and get over it! Once the proper permissions have been granted, he can have access to as much money as he needs…

And now I feel better. Thanks, Blog!