Bond Transfer Cost
Factoring In Your Bond Transfer Cost
While the purchase price of a property makes up the vast bulk of the cost when buying a property, it is important to realise there are additional costs that needs to be factored in, such as the bond transfer cost. Legally, both the purchaser and the seller need to ensure that all relevant legal requirements and formalities are completed all of which will affect the bond transfer cost.
Normally responsibility for the bond transfer cost will rest with the purchaser of the property, and more often than not the person/s responsible for carrying out the transfer who will not factor the bond transfer cost in to their fees. Bert Smith Incorporated is a highly experienced and qualified firm of conveyancing attorneys who can advise clients correctly on their bond transfer cost and allow them to budget correctly when making a property purchase and securing the transfer in to their name. The total bond transfer cost will be made up of a variety of components such as stamp duty and transfer duties as well as the attorney’s fees.
For the convenience of their clients, Bert Smith Incorporated have on their website a schedule of what the bond transfer cost will be to assist in calculating them on any particular transaction. This schedule applies to natural persons only. For legal entities such as corporates, Bert Smith can advise accordingly on the bond transfer cost. Costs do vary according to the value of the transaction. The greater the purchase price the greater the bond transfer cost will be. It is important to note that all tariffs are regulated and charged by Bert Smith in accordance with government and law society regulations.
Understanding the property transfer process can be a daunting task especially when it comes to budgeting correctly for the bond transfer cost. Rather than leave anything to chance consult with Bert Smith Incorporated. Visit us today.