Glen Iris - 2 bed room apartment

Discussion in 'The Buying & Selling Process' started by dev_melb08, 27th Jun, 2017.

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  1. dev_melb08

    dev_melb08 Well-Known Member

    Joined:
    9th Jun, 2017
    Posts:
    52
    Location:
    Melbourne
    Hi Guys,

    I am looking to sell a 2 bed room apartment in Glen iris - Melbourne area and struggling with agent fees etc. How much is agent fees in this area ? 1.5%, 1.8%, 2 % ???

    Also, they are costing 7K for marketing expense pre-auction expense. Is this a realistic figure. ?

    I was hoping to get some expert view from people having knowledge of this area.
     
    dev_melb08, 27th Jun, 2017
    #1
  2. Mavis

    Mavis Well-Known Member

    Joined:
    25th May, 2016
    Posts:
    104
    Location:
    Illawarra, NSW
    It's been a few years for me now but I had a single level unit in Camberwell, towards the Glen Iris locale that I needed to sell. It was from memory about 2% + GST for fees and marketing was not far off the mark from yours - maybe slightly less as I opted for private sale and not auction.

    Could I have negotiated harder? Probably. But I was confident with the agent and he got me an awesome price for the sale of my unit .. so it paid itself off..
     
    Mavis, 3rd Jul, 2017
    #2
  3. Hamish Blair

    Hamish Blair Well-Known Member

    Joined:
    29th Sep, 2015
    Posts:
    489
    Location:
    Melbourne
    Sold nearby recently via Buxton. Was around 1.5% plus GST plus marketing. I had a ratchet clause which wasn't triggered.
     
    Hamish Blair, 4th Jul, 2017
    #3