gwyneth gosling properties

Buying a property – the costs involved.

If you are planning on buying a home now, or even in the future, then it is important for you to be aware that there are some costs involved with the purchase of your property. The most common of these costs will be discussed below:

A Deposit: Although it isn’t always necessary, more often than not your bank won’t give you a 100% bond. In this case a deposit is needed for the amount not covered by your bond.

Conveyancer’s Fee for the Bond Registration: This is a fee payable to the Registering Bond Attorney in order for them to have your bond registered over the title deeds.

Sundries/Postage and Petties for the Bond Registration: This fee is also payable to the Registering Bond Attorney to cover the charges of posting all the documents to the various parties.

Deeds Office Registry Fee for the Bond Registration: This fee is charged by the Deeds Office for the registration of you Bond.

Transfer Duty: The Transfer Duty is the amount charged by the Government in order to transfer the property from the Seller’s name into the Buyer’s name.

Conveyancer’s Fee for the Property transfer: This fee is charged by the Conveyancing Attorneys in order for them to carry out the process of having the property transferred into your name.

Sundries/Postage and Petties for the Property Transfer: This fee is payable to the Conveyancing Attorneys to cover the charges of posting all the documents to the various parties.

Deeds Office Registry Fee for the Property Transfer: This fee is charged by the Deeds Office for the Title Deed and Legal Transfer and Registration of your new home into your name.

Bond Costs: There may also be many other service fees, etc. charged by your bank with regards to your Bond. (Such as Administration Fees).

Rates and Taxes: There will also be the cost of having to pay some of your Rates and Taxes on the property in advance.