Watch This Before Buying a House | South Africa

Hey there, are you thinking of buying a house in South Africa? Before you make any decisions, listen up! In this video, I'll be sharing my personal experience of buying a house in South Africa and the costly mistakes I made so that you don't have to.

Firstly, let me tell you that buying a home can be an emotional rollercoaster ride. There are a few things you need to keep in mind to ensure you make the right decisions. When making an offer on a house, it's a legally binding contract, and you can't make offers on more than one house at a time. It's crucial to take your time to read and understand everything before signing on the dotted line.

I learned the hard way when I almost made an offer on a house without doing a property inspection first. I was under a lot of pressure from the real estate agent, but I took the time to think it over and did some research. I found out that it's essential to conduct a thorough inspection of the property to uncover any hidden damages.

It's also important to note that real estate agents are salespeople, not building experts. They use tactics like scarcity and rejecting your first offer. So, it's essential to do your research to know the true cost of the house and avoid overpaying.

Another important thing to keep in mind is hidden costs. There are various expenses you need to account for when buying a home, such as transfer fees, bond registration cost, transfer duties, interest rate, rates, home insurance, Eskom, life insurance, security, renovations, garden maintenance fees, and house help.

To avoid making the same mistakes I made, take the time to research, understand the process and always read the fine print. Don't let anyone pressure you into making a decision that you're not comfortable with. It's your money and your future home!