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.


Found this content useful?

Get the best of Private Property's latest news and advice delivered straight to your inbox each week

Related Articles

Why paying agent commission can lead to greater profits
Real estate agents are an important element of the real estate industry. Here's how agent commission can increase profits.
The cost of selling a home
Understand what the costs and agent commission will be, before putting your home on the market.
Estate agency commission stats
The industry standard and statistics about what estate agent commission is.