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How much to pay to sell a house?

Discussion in 'The Buying & Selling Process' started by RickyMathews, 11th Apr, 2016.

  1. RickyMathews

    RickyMathews New Member

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    How much to pay if I going to sell a townhouse which worth ~$45000(to real estate agent, taxes, ... etc)?
     
  2. hash_investor

    hash_investor Well-Known Member

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    450K?
     
  3. Nick Valsamis

    Nick Valsamis Well-Known Member

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    If it is in Sydney then selling commission varies between 1% to 3% and taxes will depend on the capital gains you have made if it's an investment property.
     
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  4. Cactus

    Cactus Well-Known Member

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    I normally push for 2%inc. I think it leaves enough in it for the agent and is not too expensive.
     
  5. Scott No Mates

    Scott No Mates Well-Known Member

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    It is not so much what % you pay the agent but how much are they going to achieve.

    Remember to consider the marketing plan and their effectiveness.
     
  6. Greyghost

    Greyghost Well-Known Member

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    Comms: they will start at 2.2%, then 2%. However they are just highballing you. Usually get between 1.4%-1.8% + gst.

    Advertising: can be circa $3-5k.
    Ask them if they have potential buyers in the books, so you could potentially sell the property without it being listed.
    I tend to try this approach.

    Shop it around off the books (of course agency agreement signed) for 2-4 weeks, then if no luck do the usual advertising. Local paper advertising costs are a waste though. When selecting an advertising package I would avoid the local paper package costs.

    Auction fees: $$

    Solicitor fees: say $600-$1200 to prepare section 32 and transact sale of property (of sold).

    CGT/tax depends on a number of other variables and figures you have not mentioned.

    Please guys, figures may vary significantly, it is just a ballpark as I sold a property in VIC recently (on behalf of another family member) circa this price range.
     
  7. Xenia

    Xenia Adelaide Property Manager Business Member

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    Basically what it is in Adelaide too.

    The most important thing is to be visible in the marketplace.
    The marketing plan is very important.
     
  8. Xenia

    Xenia Adelaide Property Manager Business Member

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    Basically what it is in Adelaide too.

    The most important thing is to be visible in the marketplace.
    The marketing plan is very important.
     
  9. RickyMathews

    RickyMathews New Member

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    Sorry, my mistake.
    Should be 450,000.
     
  10. lightbulbmoment

    lightbulbmoment Well-Known Member

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    Buy my place.com $650.

    Anyone done this? I have seen a few houses sold through it. Why wouldnt you?

    Anyone can take some pics on there smart phone and make up a nice story to go with it.
     
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  11. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    The comms will vary by quite a bit.

    Just like any service profession - the cheapest does't necessarily end up being the best option. I'd rather pay a high performing agent with a track record within the immediate area a higher split - then an agent with a couple of listings who's charging less.

    Cheers

    Jamie
     
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  12. Nick Valsamis

    Nick Valsamis Well-Known Member

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    Just don't use your phone to take pictures.
     
  13. sanj

    sanj Well-Known Member

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    Agreed. I've used 1 particular agent to sell a fair few properties and he's sold more for friends I recommended - all up if guess around the 30 to 40 properties mark and I happily pay a bit more than others would charge.
     
  14. Corey Batt

    Corey Batt Finance Strategist Business Plus Member

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    Very much dependent on the location of the property - in Adelaide circa 2% is average. Focus on results than price though, no point having a dud agent at a cheap price.
     
  15. Dylan33

    Dylan33 Well-Known Member

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    Sell it yourself and keep the commission. I've just sold my place and saved $10k. Spent half a day doing the pictures with lighting and then cropping and brightening etc on the iPad. Came out stunning.
    Altogether a painless process.
     
  16. Nick Valsamis

    Nick Valsamis Well-Known Member

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    Just curious, what would you do if someone says the property you are selling is too expensive?
     
  17. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    Justify your price with recent comparable sales in the area (print the list out to have that info handy)
     
  18. Whitecat

    Whitecat Well-Known Member

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    It's amazing with the Internet that more people arent selling their homes themselves I will thought about 5 years ago that this would change but it hasn't really
    Would seem a good way to go cut out the middleman
     
  19. Mick Butterfield

    Mick Butterfield Well-Known Member

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    Sometimes it pays to have a middleman who is a skilled negotiator with no emotional attachment to the property. Quite often I have got considerably more for a client after they have said they would accept the offer, as buyers often divulge more to a skilled agent than they would to the home owner. Of course that all depends on the agent and their particular skill set, or lack there of.
     
    Esh likes this.