There are several costs involved in buying any real estate. It is vital that you know what they are before you commence the transaction in order to budget for them. Costs can blow out if you are not prepared and make yourself aware of what is involved.
Ask your CPC to give you a written quotation of all the fees and charges involved in your particular transaction so you know what the conveyancing process will cost you. Ask whether there are any other costs or charges that may arise that are not included in the quotation
Standard fees and charges payable to your CPC;
Stamp duty on the Purchase consideration
- Title search costs
- Governmental Inquiries
- Agency fees for settlement etc.
- Fee for attending to loan and mortgage documents, when necessary
- Your CPCs fee
- Registration fees paid to Land Registry
- Title Insurance if you elect to insure against risk
- There may be others depending on your individual transaction
Other costs to be aware of;
- Fees and charges for obtaining a loan
- Mortgage insurance where applicable
- Adjustment of rates and taxes for the period you own the property
- Insurance of buildings
- Removalists and other moving cost
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