Easy To Use Calculators
When buying a property, there are costs involved related to transferring the property ownership (payable to the transferring attorneyThe transferring attorney is appointed by the seller, and has the responsibility of transferring the property to the buyer's name. This involves: calling for title deed and cancellation figures, calling for rates and taxes clearing certificates, facilitating signage of documents by the buyer and lodgement of required documents at the deeds office. The buyer also pays the deposit (if applicable) to the transferring attorney.) and registering the bond (payable to the bond attorneyThe bond attorney is appointed by the financial institution, and has the responsibility of lodging the new bond at the deeds office. This involves: engaging with the transferring attorney to call for guarantee requirements and the draft deed of transfer, lodging required documents at the deeds office, issuing guarantees on behalf of the financial institution to the transferring attorney and assisting the buyer with signage of required documentation.). These can be material, so it's important to assess upfront what it could be, as this will ultimately influence your financial planning to determine what loan amount will be required and what deposit you can afford.
