important step in the buying process, is to do your budgeting and calculation
of finances. Do not leave this for the last minute and place yourself in a
the Cost Summary Calculator sheet here, to work our exactly how much cash you
must have available for costs.
Duty, Rates and Sectional Title costs need to be paid upfront. Make sure you
have these monies in place and deposit them with your conveyancer as soon as
possible. They WILL NOT proceed with transferring the property until these
monies have been received. If you fail to pay them, the seller will be entitled
to sue you for breach of contract and recover any damages he/she might have
If you do
not have the cash available for your costs, you have three options ;
these monies from a lender of your choice
Negotiate with the Seller to pay certain costs
banks now offer loan facilities especially for this purpose as part of their
your agent about this – the sooner the better.
provided you with two lists of costs to consider and provided a brief breakdown
of all the costs a buyer will incur to assist you in doing your calculations.
Please do not hesitate to ask me for assistance or in obtaining detailed
estimates for you from the attorneys etc.
to download the Cost Summary Calculator sheet
For more detailed information on Finance issues go here
For more Articles on Legal issues go here
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