Property Advice

The cost of selling a property

Private Property South Africa
Cathy Nolan |
The cost of selling a property

As the seller of a property, you will have to pay the following:

  • The commission that you agreed to pay to the estate agent – this should be agreed to in advance and is sometimes a fixed fee and sometimes a percentage of the selling price; the recommended rate is 7.5 percent of the sale price plus VAT.

  • The legal cost for the cancellation of any existing bond that is registered for the property.

  • Rates and taxes that are due on the property, as well as outstanding levies in respect of a sectional title unit

  • Any cost associated with obtaining an electrical compliance certificate.

Related Articles

How to avoid the dreaded ‘double-commission’ disputes
Press | 30 Nov 2020

How to avoid the dreaded ‘double-commission’ disputes

Tips on how to make sure paying agent commission goes as smoothly as possible.

The cost of selling a home
Press | 05 Sep 2019

The cost of selling a home

Understand what the costs and agent commission will be, before putting your home on the market.

To mandate or not to mandate: It's not really a question
Private Property Reporter | 13 Jul 2021

To mandate or not to mandate: It's not really a question

Signing a mandate is something many people contemplate when it comes to property matters. What should be considered in this regard?

sample image of property alerts

Get instant property alerts

Be the first to see property alerts for your area.
;