Agents Costs? Does this sound reasonable?

[Megan]

We paid 2.6% commission which included all of our advertising, so that sounds like a pretty good deal to me.

[*Beema*]

Thankyou for all of your feedback, it is really interesting to know where our "offer" sits.

She only just recently sold a property in the same suburb similar size but town house and had a lot of people wanting a house the same size, there is a lot of demand, that sold in 1 week If we are very lucky and sell quicker and don't use the newpaper advertising we will save $470 each week we don't.

I think what I might get done is when we open, that the agent asks where people found out about the property, to gage whether the newpaper advertising is worth it. She "said" it went hand in hand with the Internet as a lot of people look at the paper then go to the net or those who don't use the net use the paper, and people tend to take the paper with them....

The agent doesn't have a window she is a smaller operator

[krysalyss]

I guess it depends on how much the property will sell for. We recently sold land (under $100K) and the commission was 4.75% but it included all advertising. That is about $2000 cheaper than the deal you have been offered at the price we sold it for. But your deal may work out better if the selling price is a lot higher.

[Mum2SweetCs]

Make sure the 1.7% INCLUDES GST

We got done when we sold our property thinking we got a good deal but the % quoted did not include GST =(

[*Beema*]

It does include the GST

With the advertising included it would work out to be about 2%

[deletedit]

It varies something severe, depending on where you are and what agent you use. Some have a fixed price selling %, others charge for advertising separately. Careful that you don't have to pay advertising upfront and then get stuck with a useless agent - the better deals are ones where there is no charge at all if you don't sell, so you can switch agents after the exclusive period if you want to. Not really an issue if you're in a 'hot' market where houses sell fast, of course ...

I've had my house advertised with an agent for 6 months - no sale, but had it sold it would have cost me $4500 (on a $85,000 house). Had it listed privately now for about 2 months, cost of $0, and I'm hoping for a bite this weekend as some quite serious buyers are coming. Turns out it costs $350 plus $300 to do searches and draw up a contract, and that is split between buyers and sellers.

Remember you also have to pay conveyancing, any outstanding rates/water, and bank break fees.

Trading in houses is expensive.