Buying directly from a developer The concept behind buying directly from a developer is to purchase a unit off plan, thus avoiding having to pay transfer duty, as the developer has to pay VAT. Off plan means that your unit has yet to be constructed. On completion you may then take occupation of the property. Find out more about buying off plan. Apply for a home loan online, speak to one of our experts on 0860 111 007 or let us call you.
Step 2 - Locate       Calculate » Find » Offer » Apply » Register » Move in »     Types and sources of property Find out more about the different types and sources of properties available below, but please note that it is also advisable to speak to your attorney or estate agent to find out more about each type. Full Title Ownership Sectional Title Ownership Directly from a developer | Zambezi Estate | Cedar Creek | Amberfield | Olievenhoutbosch Repossessed property		Contact Us Today We’ll Call You! Call Absa Development Company: 011 671 7630 / 011 671 7465 Email Absa Development Company: devcoinfo@absa.co.za Calculators and Tools Calculators and tools to help you make an informed decision. Calculators Development search Repossessed property search Property Economic Research
Buying a unit directly from a developer When buying off plan developments the developer will require a deposit to secure your unit. When buying off-plan you must be aware of what is included and what is excluded. It is your responsibility to ensure that final payment is not made to the seller/developer prior to occupation taking place, as you could be liable for interest and repayment of the bond.   View the development plan   Ensure that you view the development plan and enquire about the time scale and number of planned future phases in a very large complex. You may be able to change aspects of the interior decorating when buying off plan property. Deal with a reputable developer   Ensure that you are dealing with a reputable developer who has a well-known and proven track record (investigate the developer’s credentials before making a commitment to purchase a unit). Deal with a reputable builder   Establish whether the developer is using the services of a reputable builder.
Absa Developments Absa is a leader in the development of quality, upmarket, secure homes. Apart from attractive locations in high-demand residential areas, Absa developments are characterised by the superior lifestyle that they provide through a combination of greater freedom in home design and maximum utilisation of land for a healthy environment that is ideal for family life, safe for all residents and promotes community interactivity.   Steps in buying in an Absa development: 1. The buyer pays a small 'reservation payment' or deposit to demonstrate that they are serious about going through with the purchase. 2. A set deposit is made on exchange of contracts. 3. Depending on the developer's scheme, further payments might be made following a pre-agreed schedule. Often, there will just be one more payment before the property is completed. 4. Completion will usually happen when the building is signed off as being habitable. 5. The property will be transferred into your name at this time and you will be responsible for the bond payments on your property.   Absa Developments: Zambezi Country Estate Cedar Creek Amberfield Valley Olievenhoutbosch
Additional Information Selling your home Selling your home can be as stressful as buying a new one. This section contains further information about your options. Selling your home »   Costs involved Buying a home can also be an expensive process - costing as much as 10% of the purchase price of the property. Costs involved in buying a home »
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