How to Buy a House in South Africa
What is called a house?
A house is a single-unit residential building that accommodates one or more people, typically a family.
What are the types of house?
1. Mobile home
2. Single-Family Homes
3. Semi-Detached Home
4. Multifamily Homes
5. Townhomes
6. Apartments
7. Condominiums (Condos)
Can I buy house in South Africa?
You can buy house in South Africa at the following websites:
2. Property24
3. MyProerty SA
How can I buy a house in South Africa?
1. Go to www.privateproperty.co.za
2. Click on the buy option
3. Enter into the search box a preferred suburb or area like Johannesburg.
4. Click on the preferred suburb or area from the displayed list of areas or suburbs.
5. On the left hand side lies a filter. Apply the filter to search for houses.
6. Click on the chosen item image to see more details.
7. Click on the HD Video Tour to view the house and its facilities in detail.
8. Enter personal information at the contact agent section Click on “Email Agents” or “Call Me Back” to contact agent.
9. Make a “purchasing offer”.
10. Schedule a home inspection.
11. Apply for a mortgage.
12. Bond registration and transfer.
13. Carry out a title deed registration.
14. Move into your new house.
What documents are required to buy a house in South Africa?
1. A copy of your ID document.
2. A copy of the offer to purchase containing both the seller and purchaser’s details
3. Proof of income.
4. Six months’ worth of bank statements.
How much does a house in South Africa cost?
A house in South Africa costs between R15 000 and R25 000, depending on factors such as house’s value, transfer duty, legal fees, and so on.
How many houses can I own in South Africa?
You can own as many house as you want as long as you can afford the payments and upkeep of the house.
How long does it take to buy a house in South Africa?
It takes on average around three months to buy a house in South Africa from the date of sale until the property is registered in the new owner’s name.
How much must I earn to qualify for a home loan in South Africa?
You must earn a monthly income ranging from R3 501 to R22 000 per month.
