Did you know?
When a purchaser applies 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, is never 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.
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.
What do you get as a Realty Club Buyer Member:
- 40% discount on bond and transfer fees, subject to the utilisation of Realty Club’s nominated service providers.
- 0.4% of the total bond amount as a cashback on bond registration fees, subject to the use of Realty Club’s nominated service providers.
- 15% cash back on brokerage referral fee on Life Insurance, subject to the utilisation of Realty Club’s nominated service providers.
- Complimentary online and phone-based consultations on property-related matters, provided by qualified legal and real estate professionals appointed by the club.
With Realty Club a Buyer Member pays R35 172,80 for the bond and transfer fees based on a property and bond of R1,000,000.00 instead of R68,369.30 (costs with Realty Club). Not including the amazing additional cash backs/referrals from other services providers.
SAVINGS AND CASH BACK PAYMENTS BASED ON A PROPERTY PURCHASED FOR R1,000,000.00, WITH A BOND OF R1,000,000.00 AND LIFE INSURANCE OF R1,000,000.00 | ||
TRANSFER COST ON: R1,000,000.00 | ||
DESCRIPTION | AMOUNT | SAVINGS AND CASH BACK PAYMENTS |
Government Costs | ||
Transfer Duty | R0.00 | |
Deeds Office Fee | R1,464.00 | |
Attorneys Costs | R25,370.00 | R10,148.00 |
Electronic Doc Generation Fee | R200.00 | |
To Rates Clearance Certificate fee | R350.00 | |
To Electronic Rates fee | R442.00 | |
Deeds Office Search Fee | R250.00 | |
Fica Verification Fee | R500.00 | |
Post & Petties | R2,000.00 | |
VAT | R4,396.80 | R1,522.20 |
Sub Total | R35,172.80 | |
BOND COST ON: R1,000,000.00 | ||
Government Costs | ||
Deeds Office Fee | R1,464.00 | |
Attorneys Costs | ||
Attorney Fee | R25,370.00 | R10,148.00 |
Deeds Office Search Fee | R250.00 | |
Electronic Instruction & Generation fee | R1,750.00 | |
Post & Petties | R2,000.00 | |
VAT | R4,405.50 | R1,522.20 |
Sub Total | R35,239.50 | |
CASH BACK ON LIFE INSURANCE BROKERAGE REFEREL FEE OF R1,000,000.00 | ||
Cash back on referral fee | R2,000.00 | |
CASH BACK ON BOND ORIGINATION FEE ON 1,000,000.00 BOND | ||
Cash back on referral fee | R4,000.00 | |
TOTAL SAVINGS AND CASH BACK PAYMENTS | R29,340.40 | |