Selling Costs - A Comprehensive List

What are the costs involved with selling a property? I've never sold a place before, and only bought one, but I assume I'll sell one day so I should know what it'll cost.

I'm talking your typical standard freestanding house with a standard variable loan.

So far I can think of
1. Agent fees - approx 2% of sale price
2. Costs to discharge your loan - 1-2k?

What else is there?

 

Legal fees and CGT if applicable.

 

How much for legal fees? What legal fees?

 

Can't recall exactly what I paid last year but I think it was around $1200.

 

Anything else?

 

Conveyancing.
Discharge of mortgage
Agent fees
Advertising

 

Rough costs for that?

 

Conveyancing.- Depends on which state - get a quotation from at least three service providers.
Discharge of mortgage - aside from what you owe on your loan, for other charges refer to your loan contract or speak with your banker/broker. There may be break costs, costs associated with preparation of discharge of mortgage, settlement attendance fees etc
Agent fees - get a quotation from at least three service providers.
Advertising - may be incorporated into agency agreement, may be charged separately. Negotiate this.

 

Say
$1000 to $2000 for conveyancing including searches

$300 discharge of mortgage

2 to 3% agent fees

 

Back of an envelope in the order of 4% of sale.

Too high ?

 

In SA:
Probably 2% for agent
Probably $600 for conveyancer
Discharge : refer to your mortgage docs

You thinking of selling already?

 

S149 Certificate

 

What searches would a seller conduct?

 

Lost coins in the lounge, jewelry in the backyard etc

 

Nah not this one thatd be pointless. Just wondering.. planning.. scheming..