What are the usual costs involved for a Seller when selling a property?

Author

Kruger Attorneys & Conveyancers Inc

The following items will be deducted from the seller’s proceeds of sale on registration:

Current outstanding bond amount (cancellation figures)
Bond cancellation costs
Estate agent’s commission

The following items will generally have to be paid by the Seller during the course of the transfer process and cannot be deducted from the proceeds, unless specific arrangements are made:

Rates clearance figures and certificate fees
Levy clearance figures and certificate fees
Costs associated with the issuing of compliance certificates (electrical, electric fence, gas, plumbing and entomology)

Seller Property News

Industry

MyProperty launches unparalleled home loan rewards program for buyers

13 Sep 2023

Buying a home often involves many unforeseen costs, including the cost of moving, and cleaning, along with small repairs and improvements. In response to this, MyProperty has launched an unrivaled cash back rewards program to assist home buyers.

Legal

Your guide to compliance certificates as a home owner

08 Sep 2023

In South Africa, compliance certificates are essential documents that property sellers and landlords must obtain to ensure that their properties meet certain legal and safety standards. These certificates help protect both buyers and tenants by verifying that the property is safe and in compliance with relevant regulations.

Market & Opinion

Common Culprits: Why home sales fall through and how to avoid them

04 Sep 2023

Just when you think everything's sailing smoothly with a signed Offer to Purchase (OTP) in your hand, the unpredictable seas of home selling can throw you off course. Brace yourself, it's not always a joyride. There are a few twists and turns you need to be ready for.

Market & Opinion

Fact-finding for homebuyers: what your real estate agent should be asking the seller

29 Aug 2023

Purchasing a new home is a significant step, and avoiding surprises during the moving process is crucial for a smooth transition. To ensure that you're making an informed decision, it's essential for your real estate agent to engage with the seller and gather valuable insights about the property.