Batts Properties

Once your home loan has been approved an your offer to purchase has been accepted by the seller, you will need to make provision for a number of cost out of your own funds. Some of these costs are governed by legislation, while others will be specific to your situation. Most of the costs will have to paid upfront.

Step 1: Start saving for a deposit and registration & transfer costs. You may qualify for a 100% home loan, or a 108% (which will then cover the registration & transfer costs), but you must also keep in mind, that your financial situation may require you to put down a deposit in order to qualify for a certain home loan amount.

Homebuyers who try to negotiate a private sale with a seller in the hope of getting a reduced price on the property may find, to their regret, that they are mistaken. Firstly, a seller selling his property privately has most likely taken into account the amount that he would save on agents' commission and included it in the price anyway.

'Hive-living' is a phrase used for a concept that is becoming more and more popular. Property prices are rising at a phenomenal rate, and more people are finding these prices unaffordable, and are therefore battling to enter the market. One solution is for several generations of the same family to purchase and live in a property together.