Purchasing a house

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Faerie (May 11, 2011, 12:46:12 PM):
Quote from: Faerie
and then you request an approximation of the attorney's fees.... which is another hundred grand or so....

(wtf!!)!!! I bought a house (just under a bar) recently and the attorney fees were ridiculous, but nowhere near 100k. It was a bit of a mess because there were 2 sets instead of 1, but I still got away with around 25k in attorney fees.

The bulk of course, goes to the guffernment.... I should have stated more clearly instead of lumping it all under "attorneys"

The quote I got was R66000 - Transfer duties ; R13400 - Registration and R5700 - Bond initiation fees, which comes to around R85 100, lovely.

Its not very amusing.
Faerie (May 19, 2011, 13:53:10 PM):
Somebody loves me.... I just received notification of a 100% loan!!!!

;D ;D ;D ;D ;D ;D ;D ;D
Brian (May 19, 2011, 15:20:03 PM):
Somebody loves me.... I just received notification of a 100% loan!!!!

;D ;D ;D ;D ;D ;D ;D ;D
You see! There is a god! Well done! ;D
GCG (May 19, 2011, 15:24:53 PM):
i went and did my own research, and anywhere in sandton/randburg/fourways (anywhere where i dont have to trek for hours to get to work), i need to drop at least two mil. repayment for that is lik R25 000 p/month. then, as you said, there's lawyer's and transfer fees. reconnection of lights and water. occupational rent. estate agent commisions.
then you get nice little surprises in the form of levies and taxes. and insane utility accounts.
at the end of the day, you need R30 000 just to stay in the house, nevermind eat, buy toiletpaper and catfood, pay your creditcard and petrol.
how the flying freck are the middle class supposed to afford buying a home?
Faerie (May 19, 2011, 15:41:03 PM):
Its a horrendous process, and I'm counting myself extremely fortunate for this little bit of news. I now only need to go dig up the attorney's fees etc, which makes life a little bit easier.

Fortunate thing about this particular house is that it is on pre-paid electricity already, so its only rates and taxes which will come from the council (I'm unfamiliar actually with the pre-paid electricity thing, so if anybody knows whether its worth-while or not, please inform me - I'm under the assumption that its a fortunate thing)

Anyone want to buy a bike?

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