The Seller's cost guide
Category Seller Information
Useful information, that you as a Seller may incure when selling your home.
These will prepare you and avoid any unexpected financial expenses.
- Agent's Commission
- Penalty Bond Interest
- If 3 month's written notice is not given to the bank to cancel seller's bond.
- It equates to approximately a bond instalment for each completed month of notice
not given (or pro rata thereof)
- Bond Cancellation Fee
- If property is bonded
- Between R2000 -R2500
- Notes: this still applies even if the bond has a nil balance.
- Rates and Service
- Any arrears, current amounts owing and a 120-day advance collection amount.
- Levy amounts owing to the Body Corporate or Home Owner's Association
- Certificates
- Electrical (in order if issued two years & no charges made to the installation)
- Beetle (if applicable)
- Plumbing (if applicable)
- Gas (if applicable)
- Approximately R2000 for all four if no repairs are necessary.
- Certified Copy of Title Deed:
- If the original is misplaced - the cost is approximately R1000.
- Any repairs agreed to in the contract
- Other
- Any financial undertakings for seller.
- Bridging finance for sellers.
- Obtain directive from SARS (withholding tax scenario).
- Repatriation of funds foreign investment abroad.
Author: Seeff Blouberg
