Purchasing Tips
- Ensure that you deal with a reputable Estate Agent
- The Financial Intelligence Centre Act (FICA), which has recently been promulgated, calls for all persons entering into financial transactions to disclose all their personal particulars.
- Prior to signing an Offer to Purchase where there are clauses in the contract that you do not understand, please refer to an Attorney for legal advice.
- In all property transactions the following costs are usually paid for by the Purchaser of the property: Conveyancing Fees which include Transfer Duty, Transfer Fees, Deeds Office Levies, Stamp Duty (if applicable), Pro-Rata Rates and Taxes, Rates Clearance Certificate Costs.
- Coupled to the above, should a Mortgage Bond be required, the Bank will charge the Purchaser (Mortgagor) the following costs: Initiation Fee, Valuation Fee, Administration Fee and the Attorney will charge a fee to register a Mortgage Bond.
- The Seller of the property is liable for the following costs unless another arrangement is made: Estate Agents Commission, Entomologist Certificate, Electrical Compliance Certificate, Cancellation Fees for any bonds registered over the property.
- Usually the Seller of the property nominates the Conveyancing Attorney