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Wednesday, 11 April 2007 |
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 Selling your home is very expensive to you?
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When selling your property it is important to budget for costs such as the estate agency's fee, marketing and preparing the property for sale.
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Usually, the main cost will be the agent's fee or commission. This is negotiable and can be a flat percentage fee or a sliding scale, with the agent receiving a higher percentage the higher the sale price.
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The agent will provide their estimate on the authority of sale document. The cost of marketing can vary considerably, depending on the method of sale and the marketing strategy.
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The marketing schedule will typically include metropolitan and/or local newspapers, a signboard and internet listing. More expensive or unusual properties may be advertised interstate.
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A private sale may spread these costs over a longer term. The third major expenditure is the most variable - the cost of preparing your home for sale.
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Most vendors undertake a small amount of maintenance and cleaning to present their property in the best light, while others will upgrade kitchens and bathrooms and paint the property.
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In addition to these costs there will be some legal fees for documentation such as a vendor's statement and the contract of sale.
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Property Tips 
