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The cost of selling a house (and where you can save)

<img src="https://cdn.sanity.io/images/3023m6wi/production/fcd0f8eb7d9e7c4ed6db451d414a270b5d470a03-1200x800.jpg?rect=0,62,1200,675&w=1200&h=675&fit=crop&auto=format" alt="The cost of selling a house (and where you can save)" />

The cost of selling a house (and where you can save)

The cost of selling your house is dependent on a myriad of factors, but we’re here to help: Here’s a breakdown of how much money you should expect to spend when selling your house, plus some brilliant bonus tips on how to save.

Conveyancing fees

Conveyancing is the process of legally transferring ownership from one party to another and is required when selling your house. This process is done by professional conveyancers and solicitors. Conveyancing is an important and inevitable step for all vendors. The average price that you can expect to spend on conveyancers is anywhere between $800 to $2000.

Marketing

Marketing is another crucial step in the process of selling your home. In order to get a good price for your property, you’ll need to stage or style your house, and feature beautiful, high quality photographs of your house online.

When taking photos, we strongly recommend hiring a professional photographer to best capture your home’s essence. However, if you have the right equipment and some understanding of photography, you can also take the photos yourself.

High-quality eye-catching professional photographs can make a big difference to getting the right interest from prospective buyers. On average, you can expect to pay between $250 and $800, depending on how long the process takes.

The staging process, however, can be done yourself. Professional home stagers will charge according to the space that needs re-arranging and styling. Therefore, the larger your property is, the more you can save on this. If you’re willing to put in a bit of time and effort you can save anywhere between $2000 to $10,000 in staging fees.

Lenders Fees

Lenders charge for arranging and preparing documents, the fees are often a once-off charge for administration. The average price for early exit and mortgage discharge falls anywhere between $100 to $1,500.

Agent fees

Homesta is directly connecting vendors to home buyers, making the process of selling your home a whole lot simpler, but that’s not the only benefit. By eliminating agents, you can potentially save thousands.

Agents typically take a percentage of your sale (often 1.5%), or, alternatively, take a fixed rate. They may also take a bonus fee if your property sells above the asking price. Depending on the final sale of your house, an agent could take anything between $10,000- $20,000.

Avoiding agents, and selling privately is the best way to save thousands in the selling process.

There are a multitude of costs for those selling their house, from staging to conveyancing fees, there are many factors to consider when putting your house on the market. The more effort you’re willing to put in, the more you can save! From cutting out agents to DIY staging, you can expect to save tens of thousands of dollars, especially when you sell with Homesta.