Cost of Selling and Government Charges
Fees and charges associated with selling a property can vary so it is important you are aware of all costs up front so you can take these into consideration when arranging finance.
Listed below are some of the 'usual' expenses you can expect to incur however, there may be further costs in addition to this list, depending on the type of transaction:
- Commission and marketing expenses payable to your agent
- Search costs
- Government charges e.g. stamp duty and registration costs
- Discharge of mortgage (if applicable)
- Your proportion of rates and taxes as at the settlement date
- Conveyancer's fees
- Moving costs
Note: There is no legislation to determine what commission a real estate agent charges so they are at liberty to determine their own fees, taking into account the extent of the services provided and the complexity of marketing. When choosing an agent, it is important to consider all factors and not make a decision based on the lowest commission.
For further information on these fees and charges, visit the following websites:
For your information, REISA continues to lobby the State Government to reduce these fees.