Tips for Sellers
Category Property News
Sellers are often caught unaware when it comes to the additional costs involved in a sale. The majority of the expenses are for the account of the purchaser, however there are other important costs that need to be accounted for.
Bond Cancellation Costs
If there is an existing bond on the property, as the seller, you will incur the cost to cancel the bond. You will need to ensure that you budget for this amount.
Compliance Costs
The electrical, plumbing, entomology, gas and electric fencing compliance certificates are essential in a sale transfer and are the responsibility of the seller. The costs are due on these certificates, as well as any additional repairs needed in order to achieve this compliance certificates.
Agent Commission
It is the responsibility of the seller to pay agency's commission. Usually a percentage of the sale price.
Rates and Levies
Clearance certificates from the local authorities and homeowner's association, in the case of sectional titles, are required to state the amounts are up to date.
Author: Prime Property Marketing
