Guide to Buying Property
Buying a home is probably the largest investment decision most consumers will ever make, yet they often take less time when doing so than they would when, say, buying a new car. That is simply because buying immovable property is unfamiliar territory to most people who, as a result, really do not know what questions to ask. People simply take this for granted and perhaps, rely on others when they should not. Clients often wish that they knew more about the processes that are involved, so please view all the infromation you need to know about buying property.
First things to think about
Knowing exactly what you want, how much you can afford and planning accordingly can save you a lot of trouble and ensure that you find the perfect property that for fill your living requirements.
Tips on viewing a property for the first time
It is better not to rush the process and view the property for your satisfaction. You should view and choose the property relative to your needs and requirements.
What to look for when inspecting a home you want to purchase
Your purchase is a big investment so consider having the home inspected by a building inspection service which will prepare a written report.
Think of the fee for this service as an insurance premium.
Five Ways You Can Make Your Home Buying Easier
Buying a home does not need to be a painful process, this is how your can help to make your home buying experience go as smoothly as possible.
Found your perfect Home - Get a bond with the helping hand of a Bond Originator
Most estate agencies work in partnership with Bond Originators. Your Estate Agent will be with you every step of the way to ensure that your bond application process will be dealt with by a professional. Click here to view more information regarding
Bond Originators and their role in the purchase of your property.
Your Bond Registration Process
Let us help you in understanding who the parties involved are, and the steps
required to register a bond.
Your Documentation
It's not that bad, get your documentation in order early and the house is yours.
The Estate Agent
Estate Agents make it their business to provide every service connected with
your search for a home - from expert advice in the early stages, to careful
monitoring of your settlement.
Are you looking at buying a home?
Buying a home is exciting, but can also be a time of anxiety and apprehension.
Whether you are buying a home for the first time or thinking about a second
home, you're bound to have some buying related questions. Our aim is to improve
your buying experience by giving you an understanding of all your options available
to you.
Buyer Information
Buying a home is one of life's greatest and most rewarding tasks, it is important
that you understand the options available to you, as well as the entire process
and what is involved.
Even if you've done it before, It is always a good idea to plan ahead and make
your moving experience easier. In this section you will find information to
assist you in this regard. The topics range from organising your move, to the
impact of capital gains tax and the legal processes.
First time home owner
If you are a first time home buyer, then your most important requirement is
to take into account the hidden costs involved in the purchase of a property,
which include amongst others, transfer costs and the bond registration costs.
Most lenders offer a product tailored specifically for the first time homebuyer.
This means you can borrow more than 100% of the property value and can include
costs like a deposit, transfer fees and bond registration costs in your loan,
making it easier for you to own your first home.
The specific advantages to the first time homebuyer are:
- No deposit is required
- The borrower need not have cash to pay for transfer and bond registration
costs incurred in purchasing the property.
General Qualifying Criteria usually apply to borrowers seeking these products:
- first time homebuyers
- single or joint income must be R6,000-00 or more a month. Your monthly repayments
also cannot exceed 25% of your gross monthly income
- loan amounts between R100,000-00 and R300,000-00
- customers must have a clean credit record
- stable employment record (that is, at least two years in permanent full
time employment); and
- you need to be 35 years old or younger
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