Hidden costs when buying & selling property
Category Home Buying/Selling Tips
Continuing on from our article planning a stress-free move we are looking at how
you can minimise your stress by understanding all the hidden costs when buying and
selling property. There will be deductions from the sale amount and other
unforeseen expenses during the process.
Create your own spreadsheet of income and expense so that you can track the costs
throughout the process.
Here is an outline of what to expect:
1. Transferring attorney fees
2. Bond registration fees
3. Agents commission plus VAT on the sale
4. Estate/complex clearance certificate and 2-3 months of levy
5. Local Municipality Rates Clearance Certificate
6. Gas/electricity/electric fence Compliance Certificates
7. Deposit for Municipal services on purchase
8. Moving fees
9. Carpet and house cleaning fees
Make sure you factor in all the figures to avoid stress and perhaps borrowing more
money in this time.
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Author: Lisa Viola
