Commission Saving Examples
Below are some examples of the saving in commission you can expect
On average, traditional estate agents charge commission as follow:-
-
Selling price less than R1 250 000 – 7.5% plus VAT of the actual selling price
-
Selling price between R1 250 001 and R2 500 000 – 6.0% plus VAT of the actual selling price
-
Selling price more than R2 500 000 – 5% plus VAT of the actual selling price
We charge a flat fee of R25 000 for properties less than R700 000, R30 000 for properties between R700 000 and R1 500 000 and 1.95% of the selling price for properties in excess of R1 500 000 - these fees exclude VAT.
Example 1 – Selling price of R500 000
Your Selling Price
|
R 500 000
|
Traditional Estate Agent's Ave. %
|
7.50% (excl. VAT) of Selling Price
|
Traditional Estate Agent Fee
|
R 42 750 (incl. VAT)
|
Our Fee
|
R 28 500 (incl. VAT)
|
YOUR SAVINGS
|
R 14 250
|
Example 2 – Selling price of R900 000
Your Selling Price
|
R 900 000
|
Traditional Estate Agent's Ave. %
|
7.50% (excl. VAT) of Selling Price
|
Traditional Estate Agent Fee
|
R 76 950 (incl. VAT)
|
Our Fee
|
R 34 200 (incl. VAT)
|
YOUR SAVINGS
|
R 42 750
|
Example 3 – Selling price of R1 300 000
Your Selling Price
|
R 1 300 000
|
Traditional Estate Agent's Ave. %
|
6.00% (excl. VAT) of Selling Price
|
Traditional Estate Agent Fee
|
R 88 920 (incl. VAT)
|
Our Fee
|
R 34 200 (incl. VAT)
|
YOUR SAVINGS
|
R 54 720
|
Example 4 – Selling price of R2 200 000
Your Selling Price
|
R 2 200 000
|
Traditional Estate Agent's Ave. %
|
6.00% (excl. VAT) of Selling Price
|
Traditional Estate Agent Fee
|
R 150 480 (incl. VAT)
|
Our Fee
|
R 48 906 (incl. VAT)
|
YOUR SAVINGS
|
R 101 574
|
Example 5 – Selling price of R3 300 000
Your Selling Price
|
R 3 300 000
|
Traditional Estate Agent's Ave. %
|
5.00% (excl. VAT) of Selling Price
|
Traditional Estate Agent Fee
|
R 188 100 (incl. VAT)
|
Our Fee
|
R 73 359 (incl. VAT)
|
YOUR SAVINGS
|
R 114 741
|