Can anyone shed some light on the costs of selling a house in Brisbane? We have a property which we are looking at selling for about $350,000 but we're weighing up the associated costs vs holding on to it a little longer. I've found the average real estate commission is about 2.5%. I know we'll gave to pay advertising, legal fees, etc. How much would you expect these to cost? What other costs are associated with selling? TIA!
2 Replies
its all part of a package. with the market slowed down real estate agents are keen for your business so they will negotiate it all. we paid about $5K for advertising etc plus commission which we got down to about 1.8%. the legal fee's depend on your solicitor but we paid about $1,500. re selling or holding depends why you're selling. If you're buying in the same market then you might sell for less but you're buying for less as well so its all semantics. if you're selling bc you cant afford the repayments etc then cut your losses and just do it. the market isn't going to recover for a long time. it will flatten out but wont go to prices we have seen previously
I’ve has my eyes opened up. I was just like everyone else. Let’s pay as least as possible or one of the sell your own property.
If you want a sign, advertising, the agent is paying for these and are not free, the commission does not pay for this. Commission should be fair for both agent and seller.
Be aware of agents who will give you huge discounts and then sell your property cheap because the care factor is out the window.
I’d prefer an agent who is paid properly and is in turn willing to get you the best price, not the quickest price.