The cost of selling a property

The cost of selling a property

Private Property South Africa
Cathy Nolan

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.

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