Did you know?
When a purchaser proceeds to apply for a loan through a mortgage originator from various financial institutions (usually banks), that mortgage originator earns commission from such financial institutions.
That origination fee or any part of it, never is paid to the purchaser. This is despite the bond originator usually sharing the origination fee with third parties (referral fee).
At Realty Club, we arrange a portion of the bond origination fee to be paid to YOU, the purchaser, to utilise the referral fee for transfer costs.
Did you know?
Financial institutions require the bond applicant, the purchaser, to obtain a life policy for the bond amount (ceded to the financial institutions). The insurance broker earns a commission on the insurance product.
At Realty Club, we arrange a portion of the insurance brokerage fee to be paid to YOU, the purchaser, to utilise the referral fee for transfer costs.
What do you get as a Realty Club Buyer Member:
_______% of the total bond amount granted by the financial institution
- 50% discount on transferring costs
- 20% of the commission for all life policies taken (usually required by the financial institution when obtaining the loan) and 20 percent of the commission earned by the insurance broker for short terms commissions (20 percent of your monthly premiums)
- Access to various investor properties to purchase
- Access to free legal documents relating to the purchase and rental of any investment properties
- Access to advice with various legal and property professionals
With Realty Club a Buyer Member pays R33,301.06 for the bond and transfer fees for a property and bond of R1,000,000.00 instead of R68,369.30 (costs with Realty Club)
| Transfer Bond Cost on R1,000,000.00 | |||
|---|---|---|---|
| Transfer and Bond Costs Units | Transfer and Bond Costs | Saving (40%) | Benefits Payments |
| Government Costs: Transfer Duty | R0.00 | ||
| Government Costs: Deeds Office Fees | R1,374.00 | ||
| Transfer Cost on Attorneys Costs: Attorney Fee | R24,560.00 | R9,824.00 | |
| Transfer Cost on Attorneys Costs: To Transaction Fee | R200.00 | ||
| Transfer Cost on Attorneys Costs: Electronic Doc Generation Fee | R200.00 | ||
| Transfer Cost on Attorneys Costs: To Rates Clearance Certificate Fee | R350.00 | ||
| Transfer Cost on Attorneys Costs: To Electronic Rates Fee | R442.00 | ||
| Transfer Cost on Attorneys Costs: Deeds Office Search Fee | R250.00 | ||
| Transfer Cost on Attorneys Costs: Fica Verification Fee | R500.00 | ||
| Transfer Cost on Attorneys Costs: Post & Petties | R2,000.00 | ||
| Transfer Cost on Attorneys Costs: VAT | R4,275.30 | R1,710.12 | |
| Bond Cost on Government Costs: Deeds Office Fee | R1,374.00 | ||
| Bond Cost on Attorneys Costs: Attorney Fee | R24,560.00 | R9,824.00 | |
| Bond Cost on Attorneys Costs: Deeds Office Search Fee | R250.00 | ||
| Bond Cost on Attorneys Costs: Electronic Instruction & Generation Fee | R1,750.00 | ||
| Bond Cost on Attorneys Costs: Deeds Office Search Fee | R2,000.00 | ||
| Transfer Cost on Attornets Costs: Fica Verification Fee | R500.00 | ||
| Transfer Cost on Attornets Costs: Post & Petties | R2,000.00 | ||
| Transfer Cost on Attornets Costs: VAT | R4,275.30 | R1,710.12 | |
| Bond Cost on Government Costs: Deeds Office Fee | R1,374.00 | ||
| Bond Cost on Attorneys Costs: Attorney Fee | R24,560.00 | R9,824.00 | |
| Bond Cost on Attorneys Costs: Deedds Office Search Fee | R250.00 | ||
| Bond Cost on Attorneys Costs: Electronic Instruction & Generation Fee | R1,750.00 | ||
| Bond Cost on Attorneys Costs: Post & Petties | R2,000.00 | ||
| Bond Cost on Attorneys Costs: VAT | R4,284.00 | R1,710.12 | |
| Life Insurance: | R2,000.00 | ||
| Bond Origination Fee: | R10,000.00 | ||
| Total: | R68,369.30 | R23,068.24 | R12,000.00 |
| Total After Saving/Benefits: | R33,301.06 | ||