A very 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 stressful situation.
Download the Cost Summary Calculator sheet here, to work our exactly how much cash you must have available for costs.
Transfer 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 suffered.
If you do not have all the cash available for your costs, you have a few options ;
  • Borrow these monies from a lender of your choice
  • Use a loan against Pension or Provident Funds - checkahead of time what their conditions are
  • Take a loan against an endownment or other policy you ahve in place
  • Negotiate with the Seller to pay certain costs
  • Many banks and bond originators now offer loan facilities especially for this purpose as part of their bond service
Speak to your Property Network agent about this – the sooner the better.
We have 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 us for assistance or in obtaining detailed estimates for you from the attorneys etc.

Once off Costs
Monthly Costs
Remember to download the Cost Summary Calculator sheet

Visit the Finance Advice Centre for all your finance answers
For details on the various costs involved in buying a property go Here
Go to the Buyer Section for all your buyer answers
Remember to look through our Step by Step Buyer Guide and also visit our Blog for other helpful information
Subscribe to Newsletter property network
property blog port elizabeth south africa
property network on facebook


property advice centre
property network feedback page
hazel smith estate agent property network