01 Aug Costs of Selling your Home!
I think in real estate, costs involved for Selling a home quite often remain a taboo subject but I don’t think they should be. It is great to be prepared when making a big decision so here are a few of the costs that you may need to consider. Please keep in mind that these a very general and you should most definitely talk to an Agent about what their thoughts are and get actual quotes. If I can help in any way please do not hesitate to give me a call.
SOME SELLING COSTS INVOLVED
Awesome professional photography of your home
Getting exceptional photos of your home is imperative to the marketing and selling of your home. If you do nothing else on this list get some professional photos taken. The first point of call a Buyer has to your home is through your internet marketing and brochures. They will make a snap judgement then and there, so you want the impression to be a good one.
When I sell my properties I always do a twilight photo shoot. With all the lights on there is a lovely glow about the photos that are very attractive. This will cost a little more but is well worth it.
Make sure you get lots of angles and that there is nothing distracting in the rooms that are photographed. I would also invest in getting floor plans done as well while the photographer is there.
One other thing I can’t stress enough is please limit your photographer from photoshopping the photos. I am saying no to fake grass and removal of unsightly power poles. I am not kidding I have seen this happen.
You can look at anything in the vicinity, of $300 and up. This will depend on what you are getting as well as if you have a video as well. Please talk to your Agent about what their recommendations are.
Marketing can make all the difference!
Marketing is a separate cost paid to the Agent on top of the Agent’s commission.
Depending on your Agent’s marketing programme will depend on what there is to pay. Generally, this covers costs only. Things that are included in the marketing are items like internet advertising, brochures, signs, leaflets and social media campaigns.
Don’t feel stress about these as we all try to keep these costs affordable for you. Talk to your Agent and they will usually do you a deal and often organise payment plans.
The price payable is on a Agent to Agent basis.
These will vary from Agent to Agent but the great thing about Agent’s commission is that you don’t need to come with the amount up front. Whatever you have negotiated with your Agent will come out of the funds at Settlement. Generally, the commission payable will be a percentage of the sale price. The great thing is that if you don’t sell you don’t pay.
Property Styling can sometimes make all the difference
I’ll be honest I am not one of those few people who can make my house look like it is out of a magazine. I am good with that because I know that there are people out there that I can hire to do it for me.
If you have read any of my previous Blogs, you will see that I am a huge believer in ‘first impressions count’. So, if you are also one of my people haha I can steer you in the right direction so that you can get some help getting your home in the best possible position to sell.
Please keep in mind that Stylists don’t necessarily come in and remove all of your furniture and replace it with their own. Quite often they will work with what you already have and add things like cushions and paintings and plants which can be quite affordable.
If you are looking at hiring someone to help you will be up for anything from $500 to $5000. Anything you spend on styling will often come back to you in your sale price.
Pest and building inspections
Some Sellers prefer to get a pest and building inspection prior to sale. This is not a necessity when selling as the Buyer will generally get their own inspection, but it can help prepare Sellers to what things might come up when they have the house under contract or to get anything fixed prior to sale.
I have heard these can be anywhere from $600 for both. Ask for some recommendations and get some prices.
Pool Safety Certificate
If you have a swimming pool you will definitely need to get a Pool Safety Certificate completed to sell. This is a must. I think in the scheme of things they are fairly inexpensive. You can usually get the initial inspection for under a $100.
I spent my younger years working as a conveyancing clerk in a busy law practice so I am a huge advocate of getting legal help when buying or selling only because I have seen some of the horror stories of what can happen when you don’t have legal representation.
Find a company that has you in their heart and has excellent communication paths in practice. It is great to know someone can handle everything for you and you just have to literally sign on the dotted line.
Legal and conveyancing costs vary from firm to firm and some even do fixed price costings. I have one firm that my clients regularly use that at the moment charge $550 fixed price, but you can look up to $3000 depending on the involvement of your property sale. Definitely get some quotes and ask your Agent for some suggestions of firms that work well with their clients.
Getting out of town!
So you have sold and all is good and hopefully you have somewhere to go.. what’s next? Well of course you need to pack up and get out of town.
Depending on the extent of your move you may be able to get away with hiring a truck and talking your friends into helping you move with the bribery of some Pale Ale and a couple of pizza’s. This might set you back a couple of hundred dollars (lucky you).
If you just can’t swing this, it is time to get in the professionals. My recommendation would be to get 2 or 3 quotes from professional movers. Make sure they quote you for insurance as well which I consider a must when you get someone to help you move. You can choose from different levels of move as well, which can save you money. My favourite option is that they do everything for you from packing to unpacking at your new digs but I am inherently lazy haha. They will provide boxes for you as well which you can pack yourself and they will remove and deliver so you can unpack. This is a popular option and is of course much cheaper.
I understand this can cost anywhere from $500 to $3000 for a standard move. Do your research!
Good Luck and Happy Selling!