What costs are involved in purchasing/selling property?

The vendor and purchaser pays one-half of:-

  1. Stamp Duty- J$5,000.00 (Flat fee)
  2. Attorneys fees for preparing agreement for sale
  3. Registration fee- o.5% of the sale price
  4. Miscellaneous fees – letters to utility companies

The vendor alone pays:

  • Transfer Tax—2% of sale price
  • The Real Estate Agent’s Commission, usually 5% of the sale price. (If any)
  • Each party pays his own Attorney-at-Law.
This entry was posted in . Bookmark the permalink.