Understanding transfer costs
a oe is te iǦ teast fioastc’ieao ’coeiitaeet
UYING
i teir ifetieǤ
idi our drea ’ro’ertǡ tai te ’ue ad ’utti i a offer to ’urcase our first oe is a eciti ’ros’ect for firstǦ tie oe uersǤ ut oe eeds to e aare of te adi tat acǦ co’aies te ’rocess of ui a oeǤ ereǯs ore to ui a oe ta si’ coi u’ it te oe to atc te ’urcase ’riceǤ
satii ousi oard ȋ ȌofǦ fers a fatastic o’’ortuit to et ioed i te ’ro’ert aretǡ as a firstǦtie uers fid it difficut to sae u’ for te de’osit ad trasfer costsǤ is curret offeri ͳͲͲ ’er cet trasfer cost for ’ots at oodads ad aǦ uaǤ
is ’rootio as otiated te caees faced ’ro’ert uers i sourci te etra costs to eae te trasfer of te ’ro’Ǧ ertǤ is te resuts i deas i reistratio of te ’ro’ert or utiǦ ate faiure of te saeǤ
oda sares a isit o trasfer costsǡ at te are ad o ea ati ca cacuate teir trasfer costs oi forard ad aas e ’re’aredǤ
What are transfer costs and
rasfer costs are fees to e ’aid
what can first-time home buyers
te uer of a ’ro’ert for reǦ
expect?
istratio of te ’ro’ert fro te seer to te ’urcaserǯs aeǤ e fees ad due diiece seer a’’oits a coeaci atǦ
ate̷s cͳeͷar’aercceeat d ’aet of tore to faciitate te trasfersǡ o ’re’ares a stateet of acǦ dues certificates cout ȋ rasfer osts tateetȌ ost ad ’etties to e ’aid te uer of te ’ro’Ǧ ertǤ rasfer costs are ’aid efore te ’ro’ert is reistered to te ere are oter additioa costs
What other fees can a first-time
uerǤ to e icurred te uer e
home buyer expect to pay?
e fees icude oies due to
rouiedfuad’srofr’oerta ftiaroucia isotriǦ te Deeds eistr Officeǡ te uǦ
ici’aitǡ te accoutat eera tutioǡ tese icudes te fooǦ ad to te coeacerǤ e etai iǣ te fooiǣ
aoudatciostsfees eraessfer Dutǡ oeaci
redit isuraceǤ Deeds fees of Office ad otro oard e’tio satii tere are seera
How to calculate transfer costs
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er sais asideǡ tereǯs aoter u’Ǧ tsoiodue’ǯrtreooteoectet’uisaiaiat’s’tei’aǣoceeseruresǯ’us ruoesaeǤ fdereeass
Prevent power surges
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To save electricity aesǤcefssoituticoosidterette’icoas tiotfcseacoau’’teirǦǡ tctaieareuersteicrteotuatsreesaetcotdr’otoeicecsroiecotioioestodfeesitceaersǦ for a etire ouseodǡ ou it cout toere atoaraʹ’Ͳ’’iaucessǤ efore ou ee et to
our ’oe carer is a ood ea’e of as ic reuate te fees to eactsatroecdoietaeceeeotteressei’eorf ietosareei’streod’eretoǤǣese istruǦ of a ǦfiDeudt’roo’etratsfers or ease
The Transfer Duty Act No.8 of 1902
costs ot iiǦteOdttoertceofoeoaici
The Deeds Registry Act, No.
Deeds fees of office
37 of 1968
aoe’eroa’ecrit fees of ioǦ Ootedrscosts
Ȃ e’tio fees
The Land Speculation Control Act No.8 of 1972 ad due diiece
Ȃ ees cared uder sudiisio of ad ad due diiǦ
The Sub-division of Land Act
eceeǤ forua for trasfer costs
No.7 of 1957
aries accordi to te aue of te ’reor’teretreuudaeterdctoarifeftaciesaads te stadard fees a’’icaeǤ
saefeseefseteis arte rfeorieudederteiu’aurrǦǤ ’oses coud e aroud ’er cet to ͳͲ ’er cet of te sei ’riceǤ
is suests tat if ou u a ’ro’ert at ͵ͲͲ ͲͲͲǡ ou soud atici’ate tat te cost of trasfer oud e etee ʹͳ ͲͲͲ ad is͵iͲssͲuͲeͲdǤ etsteatecoeetoaf aciccouattǦ tore ot te seer of te ’ro’Ǧ ertǤ
is rui a ’rootio aeorefteiifrtouusi’srǡo’eorotdfarods
More specials by EHB
sit’eǡstioeͳƬiʹ a’ad aouurtaraosferǦ costs i fuǤ
is aso rui a ’rootio aerferoif ouǡ teu ai osusesidOiffeǦ oof utrerecotastrcuocstisofor’etrieoddusuratieoct to ǯs ters ad coditiosǤ to’isais rtoeetaasedtae ourdeeooafattie sae tieǤ