What Costs are involved in purchasing your property?
While OUR SERVICES ARE FREE OF CHARGE, it is important to be aware of the other costs involved in purchasing your property to avoid unpleasant surprises and budget appropriately for your purchase. Listed below are the major costs involved in purchasing your home:
- Transfer Duty - A mandatory government tax.
- Transfer Fees - The conveyancing attorney's fee for transfering the property into your name.
- Bond Fees - The registering attorney's fee for registering the bond over the property in your name.
- Deeds Office Levy - An administrative fee charged by the Deeds Office for amending the Title Deed.
- Post & Petties - Towards telephone and postage costs incurred by the attorneys.
- Bank Valuation Fee - The bank's fee for sending one of their valuators to view the property.
- Initiation Fee - Banks administrative fee for raising the bond.
For first time home buyers, BrayCorp is able to arrange 108% bonds, where the additional 8%can be used towards the aforementioned costs. Conditions apply but speak to your BrayCorp Consultant to see if you qualify for this product!
