Property Utility and Legal Billing Costs Calculator
The software application is downloaded directly onto a cell phone, from where it can be operated independently. The result of each calculation can be sent from the cell phone to another cell phone via sms.
AJS Firefly is the ultimate property utility and legal costs calculator for South African Conveyancers, Estate Agents, Bond Originators, Bank Consultants, Property Investors and Home Buyers. The software application is downloaded directly onto your cell phone, from where it can be accessed from anywhere using a 3G or wireless connection.
Functions include a transfer and bond costs calculator, as well as a calculator for bond instalments, bond affordability, Estate Agent commission, price per square metre, and Capital Gains Tax. Typically, the system is acquired by law firms for use by their referring Estate Agents, Mortgage Brokers and Property Developers.
Transfer Costs Simply enter the transfer amount (the price of the property), and select the type of entity from a dropdown list, and the system will calculate all of the applicable fees and Deeds Office taxes.
Bond Costs Enter the required mortgage bond amount, and the system calculates applicable fees and taxes.
Monthly Bond Instalments Enter the bond amount, the interest rate, and the term, and the system will calculate the monthly payment, plus the total capital and interst which will be paid over the full loan term.
Bond Affordability Select from NCA Disposable Income, NCA Bond Amount, Pre NCA Gross Salary or Pre NCA Bond Amount, then type in the disposable income, number of years for the loan and the interest rate, and the system will calculate the maximum bond amount as well as the total repaymernts.
Agent Commission Enter the price, whether the commission should be added to, or included in the price, plus the commission rate and whether VAT registered or not, and the system will calculate Agent commission.
Price per Square Meter Enter the selling price plus the size in square metres, and the system will calculate the price per square metre.
Capital Gains Tax Answer the questions presented to you in a wizard interview, and the system will calculate CGT for you.
Summary As you perform the above calculations, you can add them to a summary to be sent to your prospective client later.