Un­der­stand­ing Agents Fees

Galston, Glenorie and Hills Rural News - - Local Business -

When it comes to sell­ing a prop­erty, it’s im­por­tant to be aware of all the costs in­volved. Two key ex­penses to con­sider are the agent’s com­mis­sion and the cost of ad­ver­tis­ing and mar­ket­ing your prop­erty.

The cost of ad­ver­tis­ing and mar­ket­ing will vary de­pend­ing on how com­pre­hen­sive you want the cam­paign to be and the ex­pe­ri­ence of the agent. The com­mis­sion is a per­cent­age of the sale price 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.

Why use an agent?

Al­though it is pos­si­ble to sell a prop­erty with­out an agent, se­cur­ing a good agent is one of the best ways to en­sure you re­ceive the high­est pos­si­ble price for your home. Do your re­search be­fore set­tling on an agent so that you can find one that you trust to give you the best out­come over­all.

Al­though it may be tempt­ing to go for the cheap­est op­tion, 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 you want the best pos­si­ble price for your house, it’s worth pay­ing a pre­mium for an agent who has a strong track record of sales and will work hard to help you achieve your goals. To pre­vent any nasty sur­prises fur­ther down the track, make sure you get all the fees and costs in writ­ing be­fore you move ahead.

A good agent will have a strong un­der­stand­ing of cur­rent mar­ket con­di­tions, and in-depth knowl­edge of what buy­ers are look­ing for. They will be able to use their ex­per­tise in mar­ket­ing and ne­go­ti­a­tion to se­cure you the best pos­si­ble price, mean­ing the ad­di­tional out­lay will ac­tu­ally end up sav­ing you money long-term.

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