Cost of Selling Real Estate

Selling a house is undoubtedly a major life event. But, while the idea of new beginnings should leave sellers excited for their next chapter, moving can sometimes be a challenging and emotional process.

This is, in part, caused by the unavoidable and seemingly hidden costs of selling a house. To make your journey less stressful, understanding these costs before beginning the process is essential. This way, you are not blindsided by any extra or unexpected expenses.

Maintenance costs

Before selling a property, it is very important to make sure that your house is in the best possible condition. This often means performing maintenance tasks both inside and outside of the home.

Taking the time to ensure that maintenance issues have been attended to can be costly. However, this is an important step in the process of selling a house and therefore achieving a premium outcome.

Maintenance might also encompass having pools and tennis courts professionally cleaned. Sellers may even need to clean roofs and gutters. At Casa Bella Estate Agents, we will guide you on what maintenance works are crucial and what could be left for the new owners.

Legal costs

There are legal costs associated with selling. Namely, engaging a conveyancer or solicitor to legally transfer ownership of the home from the seller to the buyer. The conveyancer or solicitor helps sellers manage everything from the sales contract to other legal fees. Licensed conveyancers and solicitors will charge for this work. However, it is worth noting that the exact monetary cost will vary.

We will liaise with your appointed legal representative to ensure a smooth and stress free process from listing your property through to settlement.

Agents commission

When it comes to selling a house, the agent's commission makes up a key component of the overall cost of selling. A real estate agent is hired to provide their industry expertise and exclusive contacts to help you sell your home.

Depending on the real estate agent you engage, sellers can enter into several commission methods.

At Casa Bella Estate Agents we believe our commission structure reflects the quality of service we provide and the premium result we achieve for our clients.

Marketing costs

In most real estate agencies, including Casa Bella Estate Agents, marketing costs are separate from an agent’s commission. With this in mind, marketing campaigns encompass both digital and print media in order to be successful.

Digital marketing can include:

Digital brochures
Real estate portal listings
Social media posts
Professional photography and floorplan
Drone photos

Print marketing can involve:

For Sale signage
Property brochures
'Just Listed' flyers to neighbouring properties
Window card of the property

We have used our vast experience and knowledge in sales and marketing to design an effective marketing campaign for you and your property. The results from these campaigns have been proven in the past with exceptional results for our previous clients.

Moving fees

Moving costs can easily be forgotten. However, it is worth mentioning that they will almost always be incurred. This is because sellers will need help moving furniture and boxes from their old house into their new property. Moving costs can be a fixed or an hourly rate.

Styling your property

Before putting your house on the market, we may recommend property styling. This will be discussed with you prior to planning our marketing strategy, rest assured we have a list of reputable interior decorators/stylists that can assist you further.

Capital gains tax

For those selling an investment property, holiday home or a deceased estate, Capital Gains Tax is an added expense. In essence, Capital Gains Tax is the tax you pay on the profits garnered from selling assets.

Strata and/or council fees

When selling a property, there may be outstanding council rates and strata fees that require payment. These fees are usually paid every quarter or so. Therefore, it could be possible that you have a month or two outstanding by the time the property settles. These outstanding balances may be paid upon settlement, please refer to your legal representative for clarity on this.

Completing your house sale with Casa Bella Estate Agents

Selling a home marks a major life transition. With so many emotions and feelings of stress tied into the moving process, look for a real estate agency that will help make this transition as seamless as possible.

While the moving process and the associated costs may seem overwhelming, Casa Bella Estate Agents can help break down the many components of selling a home. Helping take the stress out of moving.

Whether you are preparing to sell or looking for more information, our Casa Bella Estate Agents team is waiting to assist you. We offer you experience alongside excellent market knowledge that helps make the selling process as smooth as possible.

A little help from the Casa Bella Estate Agents team can be invaluable when selling your home.

Let's start at the beginning with a complimentary market appraisal, we would love to hear from you!