DIY

Finweek English Edition - - MONEY - Val­uer and le­gal fees: Net profit af­ter fees: Cost on cap­i­tal profit af­ter fees: Split sav­ing on agent’s com­mis­sion:

Home­own­ers pre­dom­i­nantly con­cerned with the cost of the sale are more likely to con­sider selling their home them­selves. While there may be sav­ings to be had, at­tempt­ing to go it alone could end up cost­ing as much as a tra­di­tional plat­form. Sellers should also bear in mind that buy­ers of prop­er­ties sold by own­ers may look to split the sav­ings that would nor­mally be in­curred on agent’s com­mis­sion, so there is the po­ten­tial that they would not walk away with the full pro­ceeds of those sav­ings. WHAT DIYERS CAN EX­PECT TO PAY (BASED ON SALE PRICE OF R1 194 200 AND CAP­I­TAL PROFIT OF R556 900) Av­er­age ap­prox. R10 000-R20 000 R536 900 (ex­cludes online mar­ket­ing fees)

1.8%-3.6%. Around 5% if also mar­ket­ing online.

OR

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.