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Costs involved in buying/selling a house

Costs involved in buying/selling a house

Seeff Napier

What are the costs involved when buying or selling a house.

The BUYER is liable for:

  1. Transfer fees (payable to the Transfer Attorneys)
  2. Transfer durty (tax payable to SARS) or VAT
  3. Bond registration fees (payable to the Bond Attorneys)
  4. Home Owners Association Consent fee*
  5. Body Corporate levy clearance fee*
  6. The costs of complying with special bond conditions*
  7. Occupational intrest pendifng transfer*
  8. Special Levies imposed by a Body Corporate before transfer if payable in installments, then the Buyer inherits the balance on a pro rata basis as from date of transfer

The SELLER is liable for:

  1. Agen's commission
  2. All appropriate and necessary certificates of compliances, e.g. Electrical Certificate
  3. Bond cancellation fees*
  4. Advanced rates Clearance figures
  5. Levies up to date of transfer
  6. Special Levies imposed by a Body Corporate before transfer if payable in a lump sum or if payable in installments then the Seller pays up until date of transfer.
  7. 90-Day penalty interest if a bond must be canceled
  8. Capital Gains Tax*
  9. Home Owners Consent*

Contact Seeff Napier for any questions.

Costs involved in buying/selling a house

Seeff Napier

Seeff Napier can assist you with all your property needs that include any dealings in vacant residential stands and homes as well as commercial and agricultural properties. Seeff Napier team, Lori Hodgson, Elaine Hodgson and Barbara Rowley, have been in the real estate industry for over 55 years col...

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