YOUR MONEY | 6 expenses to prepare for when you’re selling

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
play article
Subscribers can listen to this article
(Photo: Gallo Images/Getty Images)
(Photo: Gallo Images/Getty Images)

When it comes to selling a property the expense that most people usually think of is the agent’s commission – but there are other costs that might catch you off-guard. Here are six to bear in mind.

1. Loan ­cancellation penalties

Each financial service ­provider has its own rules regarding penalties for the cancellation of a home loan. Contact your bank or financier to have them calculate how much you’ll be expected to pay. Ask about the method of cancellation too – can you do it on their website, do you need to put it in writing or can you do it over the phone?

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
Already a subscriber? Sign in