Seller’s costs on the sale of a property

ByMichael Shain

Sellers often ask property professionals how much it will cost to sell their property.

Here is a summary of the costs:

  • Professional fees (commissions) plus VAT.
  • Bond cancellation fee (this is only applicable if the seller has a bond).  The bank will usually waive this fee if the seller gives three months notice.
  • You will need to pay the rates for four months in advance, to cover the period of the transfer.
  • Electrical compliance certificate
  • Gas compliance certificate (if applicable)
  • Electric fence compliance certificate (if applicable)
  • Capital gains tax may also be applicable.

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