Chas Everitt Centurion - Guide to Buying and Selling Property

Property provides a safe and secure long-term investment for our clients. Whatever your interest in
property, we want to help you meet your needs. Our 30 years of real estate experience can help
with your decision making and provide a helping hand, every step of the way.

Useful tips to aid you in the process of buying or selling property.

Are you looking at buying a home?

Buying a home is exciting, but can also be a time of anxiety and apprehension. Whether you are buying a home for the first time or thinking about a second home, you're bound to have some buying related questions. Our aim is to improve your buying experience by giving you an understanding of all your options available to you.

Buying a home is one of life's greatest and most rewarding tasks, it is important that you understand the options available to you, as well as the entire process and what is involved.

Even if you've done it before, It is always a good idea to plan ahead and make your moving experience easier. In this section you will find information to assist you in this regard. The topics range from organising your move, to the impact of capital gains tax and the legal processes.

First time home owner

If you are a first time home buyer, then your most important requirement is to take into account the hidden costs involved in the purchase of a property, which include amongst others, transfer costs and the bond registration costs. Most lenders offer a product tailored specifically for the first time homebuyer. This means you can borrow more than 100% of the property value and can include costs like a deposit, transfer fees and bond registration costs in your loan, making it easier for you to own your first home.

The specific advantages to the first time homebuyer are:

• No deposit is required
  
• The borrower need not have cash to pay for transfer and bond registration costs incurred in purchasing the property.

General Qualifying Criteria usually apply to borrowers seeking these products:

• First time home buyers
• Single or joint income must be R6,000-00 or more a month. Your monthly repayments also cannot exceed 25% of your gross monthly income
• Clients must have a clean credit record
• Stable employment record (that is, at least two years in permanent full time employment)