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Hidden costs The hidden costs involved in buying property:The purchase price is not the only figure to look at when making a decision to buy a property. There are several other figures connected to the purchase price that any purchaser should have in his/her disposal before signing the Deed of Sale/Offer to Purchase. Normally these costs referred to as a hidden costs. These costs are legal and fixed for any purchase price. These are:
If the purchaser has to register a bond on the property (a loan from the bank or other financial institution), then the following hidden costs will be charged by the lawyer representing concerned financial institution:
These fees are paid to the
bank/financial institution's lawyers.
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