Page 47 - Steps to Success

Transfer Fees: Having the property transferred to you from the
current owner involves transfer fees having to be paid. This fee will

be paid to the conveyance attorney.

Bond Costs:

These include among others, conveyance fees, deeds office

registration fees, FICA, post and petty charges, and initiation fees.
Searching to find the right home is a process you should undertake
thoroughly and carefully, and you should be just as diligent in

sourcing the best loan for you.

4.2 Building / Homeowner’s Insurance

Your house is so much more than the bricks and mortar it is made of
– it is your home – and it needs to be insured against all the
unexpected things in life.

Houses, holiday homes and property investments are often one of

the biggest investments that we make – and you want to make sure
that this investment is properly insured so that the structure and
permanent fittings of your valuable investment can be rebuilt or

repaired, when misfortune knocks at the door.

Imagine what you would do if your home was destroyed by a fire or
flooded by a severe storm? Most of us don’t have the cash to make

unforeseen repairs to our homes – which is why homeowner’s
comprehensive insurance is vital to ensure that when disaster
strikes, you can bounce back and not worry about finances.

4.2.1 Why do I need building/homeowner’s insurance?

o You have a house, holiday home, or investment property (or

are planning on buying one) that you

would like to insure against insurable events like theft, malicious

damage, fire or acts of nature such