Frequently Asked Questions
Questions about buying.
There are many advantages of this such as:
- No transfer costs for most new developments.
- No bond registration costs for some new developments.
- You get a brand new property which is modern therefore no need to spend money on renovations.
Our friendly agents will gladly assist you with this process and make it easy for you.
Flisp will pay you between R27,960 – R121,626. In order to qualify then you need to meet the below requirements:
- You must be a SA citizen
- You must earn a combined gross salary of between R3501 – R22,000
- You must be a first time home buyer and never have inherited any property before.
- You must have a financial dependent or be married.
When the property has registered in your name, then you start paying. This will happen sometime after completion of the building and generally after you get the keys for your property.
We don’t do this unfortunately. Let us rather help you to buy immediately rather. We will help you to get your bond approved with the banks.
Questions about renting
Deposits vary however it is generally 1 and a half months or 2 months deposit required.
Your application will most likely be declined however in certain circumstances we may consider your application if you can prove that you have improved your financial position.
This depends on the size of the property. Generally it is the following:
Studio apartment = max 2 people
1 Bedroom apartment = max 2 people and possibly a child if approved by the landlord
2 bedroom apartment = max 2 adults and 2 children if approved by the landlord.
Questions about selling
A seller(s) only pay for the following costs when selling a home unless there have been additional terms added to the contract or where a seller(s) has been dishonest in not disclosing information or fraud etc.
- Certificates of completion for the plumbing, electrical, beetle and electric fencing
- Estate agents commission. This is generally just deducted from the profits by the attorneys.
No, you do not have to repay the money.
There is no best time however summer months seem to generally be better.
Generally you will receive the money within a day or 2 of the property registering into the buyers name. You can however arrange bridging finance if you need a portion of the money sooner.