Selling your home: What will it cost?
Uppermost in the mind of the homeowner when selling their home is capital profit. Likely to be a secondary consideration is how much that sale is going to cost. But cost it will. The question is, how in 2014 for R1 194 200 would have been R556 900 over that time. Little wonder then that many homeowners, basking in the glow of a healthy profit, pay less attention to the cost of the sale or to how much will it erode that capital profit.
Yet, selling your home requires giving away a sizeable chunk of that profit. In South Africa, unless you are attempting a DIY project, that generally means money paid to either an estate agent or an auction house. But there is also a new kid on the block, a low-cost online estate agency looking to buck traditional trends.