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Who pays transfer costs?

Transfer costs are paid by the buyer, to the conveyancing attorney, who is appointed by the seller to transfer the property to the buyer’s name.

So he or she is appointed by the seller but paid by the buyer.

You can find out how much transfer costs you’ll have to pay on a property purchase using our Transfer Cost Calcuator.

The buyer also pays transfer duty, a tax on the transfer of property process, although this only applies to properties worth more than R1 000 000.

It helps to know what you’re likely to pay on a property so you can budget for additional expenses such as transfer costs and bond registration. Get prequalified with ooba Home Loans to determine what you can afford, and take it from there.

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Ooba home loans services are simply the best. My Consultant Bianca Dancer was so hands on and helpful from the get go. She guided me through the entire process and put me at ease being a first time buyer. I highly recommend their services.

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Estelle Vorster was really helpful in securing the best deal for my home loan, she not only negotiated a lower interest rate she went as far as securing 50% discount on the transfer costs.

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