Are you thinking of selling your investment property?
Whether you’re upgrading to a newer property, cashing out to invest elsewhere, or simply downsizing, it’s important to know the costs of selling so you can budget accordingly.
The Property Selling Costs Calculator is a free online tool that is designed for property investors in Australia. All you need to do is enter some basic information about the property you’re selling, and the calculator will provide an estimate of the costs you’re likely to incur.
Before you start it is a good idea to engage a real estate agent. They will be able to give you an accurate estimate of what your property is likely to sell for, and can also advise you on the best way to market it to buyers.
Once you have an idea of what you’ll be pocketing from the sale, you can use a property selling costs calculator to estimate the various fees and charges you’ll need to pay. These may include:
- Agent’s commission: This is typically around 2.5-3% of the final sale price, and is paid to the real estate agent for their services in marketing and selling your property.
- Advertising costs: These can vary depending on the type of advertising you choose, but is typically around $1,000-$2,000.
- Legal fees: These are usually around $500-$1,000 and are paid to your solicitor or conveyancer for their work in preparing the contract of sale and transferring the title of the property.
The Property Selling Costs Calculator is a valuable tool for anyone thinking of selling their investment property. By understanding the costs involved in selling, you can make an informed decision about whether or not to sell, and if so, how to price your property to ensure you make a profit.
It’s important to remember that these costs can vary depending on the actual sale price, so it’s a good idea to get a few different quotes from different agents before making a decision.