The estate agent platform has a long and proven record and is the method of choice in the country. Bound by the rules and regulations of the Estate Agency Affairs Board, estate agents have the expertise and knowledge to manage the selling and purchasing requirements on behalf of a homeowner. The platform requires little effort from the seller. Estate agents manage the entire process from marketing, viewings and show days to negotiating with both buyer and seller. WHAT YOU CAN EXPECT TO PAY (BASED ON SALE PRICE OF R1 194 200 AND CAPITAL PROFIT OF R556 900)
8.55% (7.5% plus VAT) R102 104
18.3% REASONS FOR USING AN ESTATE AGENT: No sale, no commission. And commissions are not set in stone; lower rates can be negotiated.
R51 052 (50% of R102 104) R505 848
9.2% REASONS FOR DIY: Potential savings can be derived if the homeowner is contract savvy, is not averse to showing strangers around the property and has the time and expertise to market the property both on the ground and online. DIY could be a draw card when a neighbour, friend or family is interested in purchasing the property.