Buyer Tip#8: Know Your Purchasing Costs

///Buyer Tip#8: Know Your Purchasing Costs

Buyer Tip#8: Know Your Purchasing Costs

In the process of buying a home there are certain costs involved, it’s important that you are aware of these so that you go into the property ‘eye wide open’.
There are standard items that will cost you when you change over property, these are detailed below:


Standard 10 working days service $245
Urgent LIM, guaranteed within 3 working days $345

Property File

Online Delivery (North Shore only) $30

Building Inspection Report

Verbal Report $200
Written report $500-700
Thermal Imagery Report $300-400

Solicitor Conveyancing

Freehold/ Crosslease, 1 mortgage $1000
Unit Title property $100

Registered Valuation

Standard report $500-700

You may need to engage other services as well depending on the property i.e. Geo-Tech report, surveyors report, engineer report, etc. These costs can vary greatly depending on the job and the property. You would need to check these with the specialist prior to making an offer.

There may be fees relating to your mortgage i.e. Low Equity Protection but these will depend on your individual circumstances and your mortgage broker will be able to advise you on this.

In the current climate many banks are offering a cash payment of up to $2,000 when you take out your mortgage, this is to help you towards paying your purchase related costs above. Again your mortgage broker will secure this for you and be able to advise what is available at the time in the market place.

Note: These costs are indicative only and given as a guideline. Please check with your providers that you are using to obtain accurate costs.

2013-05-08T18:17:29+00:00By |

About the Author:

I help people maximize the sale value of their home, by using my experience as a North Shore Real Estate Agent combined with my skills as a qualified Interior Designer and a wealth of experience in online marketing, property negotiation, and property investment.

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