Hi All,
Can you please let me know if there are any other cost associate with purchasing property
1. Initial deposit (5%)
2. Buyer's Agent, if using any
3. Conveyancers / Solicitor
4. Landlord insurance
5. Mortgage Insurance (Do we need it ?)
6. Building and Pest report
7. Stamp Duty
After I bought then
1. Property Manager
2. Strata fees in case of unit (Any charges for house ?)
Also, please suggest what are ways to arrange money for above costing. Bank will give 95%, how to arrange rest 5% + 5% purchasing cost (approx) ? Just wanted to keep saving's safe for backup plan.
Can you please let me know if there are any other cost associate with purchasing property
1. Initial deposit (5%)
2. Buyer's Agent, if using any
3. Conveyancers / Solicitor
4. Landlord insurance
5. Mortgage Insurance (Do we need it ?)
6. Building and Pest report
7. Stamp Duty
After I bought then
1. Property Manager
2. Strata fees in case of unit (Any charges for house ?)
Also, please suggest what are ways to arrange money for above costing. Bank will give 95%, how to arrange rest 5% + 5% purchasing cost (approx) ? Just wanted to keep saving's safe for backup plan.