Lawyer fees when buying property | Bond Registration & Transfer Attorney Fees | Transfer Duty
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- čas přidán 26. 07. 2022
- #Transferduty #purchasingproperty #southafricanyoutuber
Please excuse the error of the 'greater than' and 'less than' symbols in the screen recording of the comparison table;
Property 1 less than 1 million
Property 2 greater than a million
Estimate the transfer duty you will pay on your property by looking at this SARS table (remember that will just be the transfer duty not everything else listed below and stated in this video).
🔌www.sars.gov.za/tax-rates/tra...
🧾In the Bond registration attorneys invoice
Bond Registration Fee
Deeds Office Fee
Postage and Petties
Deeds Office Search Fee
FICA Verification
Disbursements
Electronic Facilitation Fee
Electronic Instruction Fee
Opening of File Fee
Stordoc Fee
🧾In the Transfer attorneys invoice
Transfer Fee
Deeds Office Fee
Deeds Office Search Fee
Postage and Petties
FICA Identification and verification fee
Provision for rates consultant
Electronic Facilitation Fee
Provision for lodging agents fee
Addendum Drafting OTP extension
Transfer Duty
Opening of file fee
To electronic rates application, certificate and admin fee
To electronic document generation fee
Lovely! Thank you for this 😍
Always welcome 😊✨
Truth….lol. Thank You for spirit and video! Cheers!
Thank you Clement 😊✨
Thank you very much for sharing Tisa. Very informative as usual ❤️
You are welcome Danielle ☺️✨
Thank you for your transparency ❤ it’s really helpful
You are welcome 🤗✨
You are the best 👌 I love you been sharing the information it's helping a lot ❤
You are welcome Kate ☺️☀️
Thank you soo much Tisa♥️ we really learn a lot from you♥️♥️
You’re welcome Betty 😇✨
The video was definitely useful for me! I’m aiming to finish saving by November this year! Can’t wait to begin this daunting (and expensive!) but exciting journey 😄
I’m glad it was useful Mpumelelo 😇 also glad you’ve started saving up, that’s very important. It’s daunting and expensive but it will feel worth it at the end.
All the best ☀️
One thing about you, you will teach us. ☄️🙌 Thanks for sharing such valuable information with us. 😃
You are always welcome Pulane ❤️✨
Very informative video, thank you this
Thank you Mbali 😊✨
We’re within🔥Thank you our favourite tsonga girl 💚
You are welcome Imani ☺️❤️
I love the property series cant wait to buy my first property
That day will come and I know you’d have planned well financially 😊✨
Thank you Tisa , very informative indeed. #FuturePropertyOwner🥰💃🏾 to many more properties 🥂
All the best on your property journey 🙌🏾✨
I can't wait 😍
All the best Princess ✨✨
Very useful, I will comeback here when I get my first property, you so smart my sister 🥰
You are welcome Seakgane😇
All the best with your first property 🏠❤️
Cheers my friend but that drink looks like amaruala😂😂 great video you are truly inspiring
It’s Oat milk, that’s why the colour is like that 😁😅 I don’t drink normal cow milk anymore.
Thank you Frans ✨
Chessaaa nwana mhani!😍🔥👏🏾
Yassss 🥂☺️✨
Thanks for the detailed and transparent breakdown. I cannot believe the state or the regulatory body for property transfers and registrations allows all these line items that are probably bogus and inflated. Postage and petties?Is this 1999 or what? Deeds office search fee + deeds office fee? Do you get receipts for these "fees" that were paid to the deeds office and postage?
I can barely keep up with data prices so this is just to assist my daydream. One day is one day though am planning on buying an apartment
Nothing wrong with day dreaming while you learn and visualise the reality of it all. Don’t be discouraged just start saving up 🤗✨
Great Info! Thanks for sharing
Always welcome 🤗
This channel is underated no ways all this information 🤭
Aww thank you 😊 your comment made me smile.
My favorite Tsonga girl 🤩❤
Hashtag the first to comment 🥂✨
Came across this helpful channel, I’m sitting on this invoices now😭😭Pro-forma statement of account and statement of account.
Welcome to the community Kabelo ☺️✨ I didn’t pay the first invoices I had received in 2019-2020 much thought but the ones I received recently shook me to attention hence I had to go through them with you guys. Maybe we need a lawyer to explain what all those line items mean.
Are your invoices any different to mine?
@@chatwithtisa Hey Tisa, our invoices are more or less the same, 30k & 31k +_62k in total……luckily I won’t be paying the transfer duty
@@chatwithtisa can you believe I thought the bank will be paying 🤧
Yohh those ones pay for nothing except pay for the property 🙃😁😅
Can you imagine how much it would have been had you had to pay for the transfer duty too 🙆🏾♀️
I’d die🤣😭😭
Just a question on the R42750 transfer duties. If i remember correctly you mentioned that the 2nd property is around R1Mil, did you add the transfer cost +transfer duty? Am just trying to understand how the calculation works because it looks like a lot just for transfer duties.
Anyways just on the point of what does the seller pay for. In most cases they pay commission, CGT, electrical compliance certificates as well as three months municipal rates. When selling property. It's still alot of money for the seller as well.
Property 2 is over 1 million almost 2 mil. no I didn’t combine the transfer duty and the transfer cost. You can check out the SARS table for the transfer duty amounts depending on property prices, the amount is set by SARS it’s a Tax that’s paid to them, then the transfer duty receipt is issued which will be submitted with all other documents at the final stage which is the deeds office.
Our sellers got lucky they didn’t really pay for much, I’ll explain what I mean in another video.
Hi Tisa🥺 sorry for hijacking this video, however, I've been watching your videos for days about investing and finally was ready to register on the JSE website as shown in your video you did 2 years ago however I wasn't sure if you'll be able respond there since its an oldie video. I'm new and have watch most of your videos regarding EE investing and I wanna start, however when I visit the JSE website it's not the same anymore after selecting the menu bar and clicking trade and find me a broker it takes me to a page where it says "This is a consolidated list of Brokers" and have 5 option to choose where I have to filter by members or derivatives it's all confusing. I think they updated their website can you please do an updated video tutorial on how to find a broker specifically Easy Equity, or simply reply to the comment to guide me if you can. I was really excited and now I'm stuck 😭😭help please🙏🏽
Hi Mbali, no problem, thanks you for leaving this comment. When I made that video 2 years ago it was to show how one can look for legitimate places to buy shares via the JSE website. I chose to go with EasyEquities and It’s been over two years now, I think they have the best and most convenient platform, you can download the App, register, get approved and make your first deposit and buy your first share 🎉 let me know how it goes, I’m sure you’ve seen all my other investment videos too ✨
Hey Tisa, ni navela blouse, uxave kwini? .. It's the same naliya ya black, I like them. 👌👌
na khensa sesi ☺️ niyi xave aZara and yes it’s the same as the black one.
@@chatwithtisa okay,. Thanks. I love you by the way. I've never missed your videos and you always on point, I'm also proud of you,. Thank you for creating this channel. ❤️❤️
Hey when exactly after getting your bond approved did you have to pay these amounts
Not long after, because the lawyers will start the processes and towards the end of it all you’ll have to make certain payments, it’s best to have some money saved up for lawyer fees and just in case your don’t get 100% of your bond approved.
Wa phapha shame, but in a very amusing way 😂😂😂
Yho guys, adulting is haaaard man! Are we really paying over R100k in fees???😭😭
It’s already paid 💔
Ahhh now it's not make sure cause of the money I have paid this far for this process 😢😢😂😂😂😂 bengiyaphi 😢
Hey I hope you’re everything worked out. Update us.
Opening of file fee sounds like a scam
😄😅 I’ll enquire about it.
Listen. A total scam
Definitely not a scam😂
hm. Don't you have the greater than and less than signs the wrong way around? Greater than >, less than 3 , 5 greater than 3
3 < 5 , 3 less than 5.
So you're video shows property 2 as less < than a million and property 1 as greater > than a million, though you said it's the other way around.
Human error. Thanks for pointing that out though.
This is so inspiring Tisa. You are definitely reminding us to cast the vision and go for it. Nothing is out of reach with proper planning and discipline. Thanks seso Many blessings!!!
Thank you Mary for this lovely summary ❤️☺️✨