Things To Do Before Purchasing A Property

It is important to ensure that all your ducks are in a row before putting in a formal offer to purchase;

• As a buyer, you must ensure that you are able to afford the purchase price of the property
• Apply for a pre-approval on a home loan to confirm your affordability
• Confirm your availability of cash to use as a deposit, which is usually 10% of the purchase price
• Ensure that you have sufficient cash available for added costs such as the transfer fees, and registration fees etc.
• Have all the necessary personal documents available for submission for the loan application.

It is vital to understand the legal implications and commitment when signing an offer to purchase.

Consult the services of a reputable agency to assist you in the process!