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

Author
Kruger Attorneys & Conveyancers Inc
Kruger Attorneys & Conveyancers Inc is a specialised conveyancing practice, providing incomparable property law services through practical wisdom and trusted advice.

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)