Transfer Fees​

MH Inc has a reputable conveyancing department that is able to assist you in the process of either buying or selling a property. Our conveyancing team has in-depth knowledge and experience when it comes to the transfer of properties and will ensure that the transaction runs smoothly.

To find out more about all the fees involved in the transfer of property, contact our team. ​

TRY OUR TRANSFER COSTS CALCULTOR BELOW

Disclaimer​

The costs of transferring ownership of property into your name comprise costs due to the government in the form of transfer duty, legal costs as well as a number of payments the attorneys have to make to obtain clearances. Please note that all values returned by the transfer cost calculator are quotation values subject to change. Please note further that the cost of Notarial deeds of Cession are not returned by the transfer cost calculator. The estimates contained on this webpage are provided for general information purposes and should be used as a guide only. While every effort is made to ensure the accuracy of the cost calculator, MH Inc cannot be held liable for any loss or damage arising directly or indirectly from the use of this calculator, including any incorrect information generated by this calculator, and/or arising pursuant to your reliance on such information.

GENERAL COSTS ASSOCIATED WITH THE CONVEYANCING PROCESS​

Seller

  1. The seller will be responsible for paying the estate agent’s commission if an estate agent was used to sell the property. This percentage will be specified in the offer to purchase.
  2. If it is included in the sale agreement, the seller will also be responsible for paying for any necessary compliance certificates, such as an Electrical Compliance Certificate or a Gas certificate.
  3. The seller will also be responsible for paying all outstanding and future rates, water, electricity, and utility charges as required by the municipality in order to obtain a rates clearance certificate, which is needed to register the transfer at the Deeds Office.
  4. If the property is a sectional unit, the seller will also need to pay any outstanding levies and an advance amount as required by the body corporate in order to obtain a levy clearance certificate.
  5. If the property has a bond registered, the seller will also be responsible for paying the outstanding balance on the bond, plus interest from the date of the cancellation request to the date of the transfer, and any cancellation costs for the attorney appointed by the bank to handle the cancellation of the bond. These additional costs will be covered by the issuance of a guarantee to the bank using the sale price of the property.

Purchaser​

  1. The purchase price which will be payable as per the terms and conditions of the sale agreement or offer to purchase that you, as the Purchaser, sign.
  2. Transfer costs which are payable to the transfer attorneys for preparing of documents (tariff based fee which is calculated on the purchase price of the property), deeds office fees (tariff based fee payable to the Deeds Office),  postage and petties, FICA Fee and disbursements amongst other charges.
  3. The amount of transfer duty will be calculated in accordance with SARS regulations.
  4. If the purchase price of your property is greater than R1 100 000.00 then transfer duty will be included on the account. This amount is collected from you as the Purchaser and paid to the South African Revenue Services on your behalf. The amount of transfer duty payable will be calculated from the calculator above.
  5. When a Purchaser applies to a financial institute for financial assistance (bond), the Bank will appoint an attorney to attend to the bond registration
  6. A bond registration attracts bond costs which includes, amongst other things, the banks initiation fee (this may be payable upfront by the Purchaser or included in the bond-this differs for each financial institution), bond registration fees for the bond attorney which is made up of attorney’s fees as per the Law Society suggested tariff. This tariff is based on the amount of the bond being registered, deeds office fees, and other disbursements.