What Are Conveyancing Fees?

Buying or selling property in South Africa is an exciting journey, but it comes with its fair share of costs. One of the most important expenses to consider is conveyancing fees. At Burger Huyser Attorneys, we understand that transparency is key when it comes to legal costs, which is why we’re here to break down everything you need to know about conveyancing fees in South Africa.

Conveyancing fees are the costs associated with the legal process of transferring property ownership from one party to another. These fees cover the services provided by a conveyancing attorney, including drafting and reviewing contracts, conducting property searches, ensuring compliance with legal requirements, and registering the transfer with the Deeds Office.

While conveyancing fees are an essential part of the property transaction process, they are just one component of the overall costs involved in buying or selling property. Other expenses may include transfer duty, bond registration fees, and municipal rates.

How Are Conveyancing Fees Calculated?

Conveyancing fees in South Africa are typically calculated based on the value of the property being transferred. The fees are regulated by the Law Society of South Africa, which provides recommended fee scales for conveyancing attorneys. However, these fees are not set in stone, and attorneys may charge within a reasonable range depending on the complexity of the transaction.

Here’s a general breakdown of how conveyancing fees are structured:

  1. Property Value
    The primary factor in determining conveyancing fees is the purchase price or market value of the property. The higher the property value, the higher the conveyancing fees.
  2. Type of Transaction
    The complexity of the transaction can also impact the fees. For example, transferring a property with an existing bond or dealing with multiple owners may require additional work, leading to higher fees.
  3. Additional Services
    Some transactions may require additional services, such as resolving legal disputes, conducting specialized property searches, or handling complex contractual terms. These services may incur extra costs.

What Can You Expect to Pay?

While conveyancing fees can vary depending on the attorney and the specifics of the transaction, here’s a general guideline based on the recommended fee scales:

  • Properties under R1 million: Conveyancing fees typically range between R10,000 and R20,000, depending on the property value and complexity of the transaction.
  • Properties between R1 million and R2.5 million: Fees usually range between R20,000 and R40,000.
  • Properties over R2.5 million: Fees can range from R40,000 upwards, depending on the property value and additional services required.

It’s important to note that these figures are estimates and may vary. At Burger Huyser Attorneys, we provide transparent and upfront pricing, ensuring that you know exactly what to expect before proceeding with your transaction.

What Do Conveyancing Fees Include?

Conveyancing fees cover a wide range of services, including:

  1. Drafting and Reviewing Contracts
    Your conveyancing attorney will prepare or review the sale agreement to ensure that it is legally binding and protects your interests.
  2. Conducting Property Searches
    This includes verifying the property’s legal status, ownership, and any encumbrances, such as bonds or liens.
  3. Liaising with Financial Institutions
    If there is an existing bond on the property, your attorney will work with the bank to arrange for its cancellation or transfer.
  4. Calculating and Paying Taxes
    Your attorney will ensure that all applicable taxes, such as transfer duty and municipal rates, are calculated accurately and paid on time.
  5. Registering the Transfer
    Finally, your attorney will lodge the necessary documents with the Deeds Office to register the transfer of ownership.

Why Choose Burger Huyser Attorneys?

At Burger Huyser Attorneys, we pride ourselves on delivering personalised, professional, and efficient conveyancing services. Here’s what sets us apart:

  • Transparent Pricing: We provide clear and upfront pricing, with no hidden fees.
  • Expertise and Experience: Our team has extensive experience in property law and a proven track record of successful transactions.
  • Client-Centered Approach: We prioritize your needs and keep you informed at every stage of the process.
  • Commitment to Excellence: We strive to exceed your expectations by delivering exceptional service and results.

At Burger Huyser Attorneys, we are committed to providing transparent and affordable conveyancing services, ensuring that your property transaction is handled with precision and care. Ready to take the next step? Contact Burger Huyser Attorneys today to discuss your conveyancing needs.

Contact Burger Huyser Attorneys, and book a consultation.

To speak to one of our experienced attorneys in South Africa for immediate assistance, contact us on the numbers below:

Randburg call 061 516 6878; Roodepoort call 061 516 0091; Sandton call 064 555 3358;  Pretoria call 064 548 4838;

Centurion call 061 516 7117; Alberton call 061 515 4699; Bedfordview call 061 536 3223

DISCLAIMER: Information provided in this article does not, and is not intended to constitute legal advice. READ MORE