24/07/2024
Buyer Tips !!
5. Budget for Additional Costs
In addition to the purchase price, there are several other costs to consider when buying a home.
Transfer Duty: This is a tax payable to the South African Revenue Service (SARS) based on the purchase price of the property.
Attorney Fees: You’ll need to pay legal fees for the conveyancing attorney who will handle the transfer of ownership.
Other Costs: Include bond registration fees, moving costs, and potential renovation or repair expenses.