Top Tips To Lessen The Pain
• Give yourself two to three years of really serious saving . Tighten your belt and put as much as possible away for a deposit .
• Spend six months before you start looking for a house to improve your credit score - this will help you get the best rate on your bond .
• Find an estate agent you trust who comes highly recommended for the suburb you ’ re considering . They will be able to give you a true idea of current pricing and other tips about the area .
• Negotiate on the asking price - a good agent will do this for you .
• It doesn ' t cost you a cent to let a bond originator like BetterBond get you the best deal on your bond from the banks , and it could save you hundreds of thousands of rands in interest over your bond term .
• If there ’ s an attorney you know well , you could ask the seller to appoint them as the transferring attorney . If not , remember that you can try to negotiate the conveyancing attorney ’ s fees before agreeing . You can call for Pro-forma cost statements from any Conveyancing Attorney firm to roughly set out the transfer and bond registration fee applicable to the purchase price you have in mind .
• Shop around for the best deal on homeowners ’ or bondholders ’ insurance , movers , etc .
• Remember , it ’ s cheaper to move during the month than at the end / beginning of the month .
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SA Real Estate Investor Magazine DECEMBER 2022 / JANUARY 2023 83