2020 has seen many people decide they want a lifestyle change. This has meant selling up and moving for a tree change or seachange. Plus there has been an influx of first home buyers into the market. So even with a pandemic, there has been considerable movement in the real estate market.
House prices, particularly in Sydney, have remained strong despite all the challenges of 2020.
What does it cost to sell your home?
Real Estate Agent – Generally between 1% and 2% of the sale price.
Remember that the lowest price (commission) is not always the best. As in any transaction do your research and choose someone with proven results and local knowledge.
Marketing – From $5000 to $8000 and includes photography, floor plans, advertising, street sign etc.
Presenting your property in the best way possible will help to ensure that you receive the maximum sale price. Walkthrough videos have become popular as they provide a first-hand view without having to do a property inspection.
Home staging – From $2000 to $4000 depending on the size of the home.
Staging your home for sale can help you to gain a better sale price. It sets your home in the best possible light for people to be able to imagine themselves living there without any of your personal items to distract them.
Auctioneer – Generally $1000 or it may be included if the agent has an inhouse auctioneer.
Renovations or repairs – Variable, depending on what you decide you would like to complete prior to listing your property.
This may be a fresh coat of paint throughout, a garden tidy and always a mown lawn.
Conveyancing – $1500 to $2000 – Contact us for a specific price for your circumstances.
Capital Gains Tax – Dependant on the property owners situation and the time they have owned the property.
Moving costs – $500 to $2000 depending on the size/contents of your home and where you are moving.
Mortgage fees – Varies from lender to lender and is generally $300 to $400
Naturally, these rates are all an example of what you can expect to pay. With everyone’s circumstances, properties and locations different these prices will vary. Take the time to seek out professionals and do your research.
For all your conveyancing needs contact the team at Select Conveyancing Lane Cove.