When you make the decision to sell a property, it’s important to be aware of all the costs associated. Two key expenses to consider are the agent’s commission and the cost of marketing your and advertising property.
The commission can either be a percentage of the sale price or a flat rate the agent will receive for selling the property. Agent’s commissions are deregulated Australia wide, so they will vary from agent to agent and state to state. The cost of advertising and marketing will also vary depending on how comprehensive you want the campaign to be and the experience of the agent.
Why use an agent?
Although it is possible to sell a property without an agent, partnering with a good agent is the best way of ensuring you receive the highest possible price for your home. Saving on commission doesn't necessarily mean you'll get the best price and often sellers end up with less in the pocket after the transaction. Do your research before selecting your agent, find one that you trust with a strong track record to give you the best possible outcome.
Sellers are often tempted to go for the agent with cheapest commission, it’s important to remember your end goal. An agent who charges very low commission may not be highly skilled or may lack confidence and negotiation skills. Even though you may save money initially, if your house sells for less than you had hoped for you could end up worse off overall.
You get what you pay for.
If your goal is to achieve the best possible price for your property, it’s worth paying a for a good agent who has a strong track record and will work tirelessly to help you achieve your goals. A good agent will have a thorough understanding of current market conditions and trends, and in-depth knowledge of what buyers are looking for. They will be able to use their expertise in marketing and negotiation to encourage more offers and secure the best possible price, more often than not saving you money long-term.
