Bonds

New-Look Blog

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What do you think? Changed the theme for my blog ….. new and fresh. Although I share some personal info on my blog, it is mostly there to promote my profession and my business as a Business Owner & Real Estate Agent with Steyn Realty in Roodepoort, on the Westrand of Gauteng, Johannesburg, South Africa.

As part of all the marketing we do, blogging isn’t always that easy to “get to” but still a very effective marketing tool. Our marketing consists of the following:

  1. Boards & Dustbins – For Sale – To Let – Sold – Area Agent – Area Specialist – On Show etc …. extremely effective as many buyers, sellers, tenants & landlords drive around in the areas where the want to buy sell or rent and if they spot your details on a board you might get some business.
  2. Website portals – the main websites to advertise our property listings on are Property24 and Private Property. Other sites such as Myproperty, Entegral, IOL as well as our own website are also useful for lead generation. I must say, Entegral is doing a great job assisting estate agencies with real good-looking and user-friendly websites (not expensive) and easy to manage.
  3. Social media … need I say more. We have to be on them all … Twitter, Instagram, Facebook, LinkedIn …. and blogging of course. To follow all our profiles just click on the Social Networking on the home page and click to follow. We love engaging with our followers and answering any property / real estate related questions you might have.
  4. Networking ….. everywhere we go, we network, give out cards, chat to people take numbers and stay in touch as far as possible.

We are always looking for stock, Houses, Townhouses, Clusters, Flats, Estate Houses, Plots, Vacant Land, Farms or any real estate in the areas where we work ….. and we love selling. All our stock can be viewed in detail on http://www.steynrealty.co.za

Our areas where we work stretch from Sterkfontein / Krugersdorp in the West (we refer many buyers and sellers to an agency called RealPro who specializes in assisting buyers, sellers, landlords and tenants in that area). Pinehaven, Featherbrooke, Home Haven in the West all along Hendrik Potgieter towards Ruimsig, Amorosa, up the hill towards Helderkruin, Kloofendal etc. Around Clearwater Mall, Wilgeheuwel, Strubensvallei, Little Falls, Radiokop, Allen’s Nek towards Wilgeheuwel Hospital.

We do a lot of Sectional Title sales and Rentals although the last couple of months towards the end of 2016 and the start of 2017 we have assisted some more sellers, selling their Houses in the area.

If you or anyone you know are looking to buy, sell or rent out their property, we would love to assist. We can assist with free, market related valuations for selling or rental purposes. We advertise on all major websites and social media as explained above. We screen all our tenants through the TPN Credit Bureau and we also make use of the TPN Rentbook system to manage and invoice our tenants.

For more info on your own affordability and credit profile for buying property, please contact Sanette Payne of Payneless Bonds on 087 151 4712 / 011 662 2396 or email sanette@paynelessbonds.co.za – http://www.paynelessbonds.co.za

For any legal queries regarding the transfer process, costs & fees or any legal issues regarding the transfer and registration of Properties, please contact Jolandie Pieterse at Truter Crous & Wiggill Attorneys on 011 692 1640 or email jpieterse@tcw-rftn.co.za – http://www.tcw-rftn.co.za

Thank you for reading this post, and remember, we love selling and we would love to assist you in the future.

Marnus – 072 264 7806 – marnus@steynrealty.co.za
Juanita – 083 604 1231 – juanita@steynrealty.co.za

Costs when buying a Property

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Q: Except for the bond repayment, insurance etc, what will it cost me to buy a property.

A: When buying a property, that property and the bond on the property ( there is a bond) needs to be registered. The registration (Property Transfer) is a legal process, done by an Attorney (Conveyancer) at a Legal Firm and that costs money. The two Registrations can be done by the same Firm but because most banks appoint their own Attorneys for the Bond it is more often than not two separate Firms.  Attorney Firms have clear guidelines as to the amounts they may charge for these Transfers. The price of the Property as well as the Bond amount play a big role.

For example, a R 1 000 000 property with a bond of R 900 000 will generate costs as follows:

1. Property Transfer = +/- R 28 800 of which +/- R 13 000 (Excl. VAT) goes to the Attorney Firm,
R 12 000 goes to SARS as Transfer Duty (only payable on transactions higher than R 600 000).

2. Bond Registration = +/- R 16 500 (maximum of R 5000 initiation fee included)
of which +/- R 8 600 (Excl. VAT) goes to the Attorney Firm.

So to Register this transaction you will need +/- R 45 300
including your deposit of 10% (R 100 000) you are looking at close to R 150 000.00

The above costs are not financed by the banks any more except for some cases where staff get special deals and can sometimes be financed by personal loans depending on the amount.

For more details and a comprehensive Cost Calculator click on the link below.

COST CALCULATIONS