Do You Have Limited Cash For A Deposit And Transfer Fees?

With the changing and toughening economic climate the banks may require you to put down a large deposit which could be as high as 12% or more of the purchase price. You then would be required to pay transfer fees and bond costs  as these are being excluded from credit financing as well!


How much will it cost you to purchase a home right now?

As an example if you were to purchase a home of R850,000 then you would require the following money upfront:

Costs (incl. transfer fees) R40,541
Deposit (10% of R850,000) R85,000

Total Estimated Cash Required! R115,541

Clearly  entry into the home ownership market has become extremely expensive over the last few years and this would mean that you have to save a fortune just to be able to purchase a house. This savings process may take several years in order to be able to afford to put down R115,541 which also limits you tremendously.


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