The Costs Involved in Selling a Property

As the Seller of a property, you will be responsible for the following costs in the transfer process:

• The Agent’s Sales Commission as per the Offer to Purchase.
• The legal cost for cancelling any existing bond (Bond Cancellation Fees) registered over the property.
• The amount owing on your bond (to be settled).
• Advance payment for rates and taxes (estimate of 4 months forward projection issued by the Local Authority).
• Body Corporate Levies (for sectional title properties).
• Home Owner’s Certificate (for properties in security complexes or estates).
• Costs related to Electrical Certificate of Compliance, Electric Fence Certificate and Gas Compliance Certificate.

These are standard costs involved in ensuring a smooth property transfer process.