thread: Agents Costs? Does this sound reasonable?

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  1. #1
    Registered User

    Oct 2007
    ★ nor here nor there ★
    4,134

    It does include the GST

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

  2. #2
    Registered User

    Apr 2010
    1,118

    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.