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Selling Costs - A Comprehensive List

Discussion in 'The Buying & Selling Process' started by joel, 26th Feb, 2016.

  1. joel

    joel Well-Known Member

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    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?
     
  2. Hodge

    Hodge Well-Known Member

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    Legal fees and CGT if applicable.
     
  3. joel

    joel Well-Known Member

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    How much for legal fees? What legal fees?
     
  4. Hodge

    Hodge Well-Known Member

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

    joel Well-Known Member

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    Anything else?
     
  6. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    Conveyancing.
    Discharge of mortgage
    Agent fees
    Advertising
     
  7. joel

    joel Well-Known Member

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    Rough costs for that?
     
  8. Dan L

    Dan L Member

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    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.
     
  9. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    Say
    $1000 to $2000 for conveyancing including searches

    $300 discharge of mortgage

    2 to 3% agent fees
     
  10. Hanison

    Hanison Well-Known Member

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

    Too high ?
     
  11. D.T.

    D.T. Adelaide Property Manager Business Member

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

    You thinking of selling already?
     
    2FAST4U likes this.
  12. Scott No Mates

    Scott No Mates Well-Known Member

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    S149 Certificate
     
  13. Ed Barton

    Ed Barton Well-Known Member

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    What searches would a seller conduct?
     
  14. Scott No Mates

    Scott No Mates Well-Known Member

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    Lost coins in the lounge, jewelry in the backyard etc
     
  15. joel

    joel Well-Known Member

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