In the table below, we see an example of the costs which would normally be incurred by natural persons in a transaction where a house is sold for R600 000, the existing bond is cancelled, and a new one is granted for R300 000.
Estate Agent | Transfer/Bond Conveyancers | Deeds Office Levy | Financial Institution | Inland Revenue/VAT | |
Commission | 35 000 | ||||
Bond Cancellation | 600 | 60 | 84 | ||
Transfer Costs | |||||
Conveyancer's fee | 6 800 | ||||
Transfer Duty | 30 900 | ||||
Deeds Office fee | 400 | ||||
Bond Costs | |||||
Conveyancer's fee | 2 700 | ||||
Deeds Office fee | 260 | ||||
Initiation/Valuation fee | 700 | 98 | |||
Totals | 35 000 | 10 100 | 720 | 700 | 31 082 |
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