Other than the RE's commission and any marketing, conveyancing and the cost to discharge a mortgage, are there other legal or govt. fees involved in selling a property?
Do you pay things like stamp duty, or does only the buyer pay that?
Browse Forums Real Estate Re: fees when selling 10Nov 11, 2008 3:20 pm - Contributor to Australian Property Investor mag, Wealth Creator, YIP, Property Review Weekly, Herald Sun, Courier Mail, 4BC radio, 2UE radio, Southern FM, etc http://www.RenovateAndProfit.com Re: fees when selling 11Aug 20, 2009 2:48 pm 12 March 2010 - Land titles received 3 April 2010 - Signed building contract 14 April 2010 - Prestart 28 April 2010 - Loan approved 30 June 2010 - Slab completed 27 August 2010 - Brickwork completed 22 September 2010 - Roofing completed 30 September 2010 - Internal walls plastered 12 October 2010 - Lock Up 19 November 2010 - PCI 26 November 2010 - Handover 29 December 2010 - Moved In https://forum.homeone.com.au/viewtopic.php?f=31&t=32584 Re: fees when selling 13Aug 27, 2009 4:21 pm 12 March 2010 - Land titles received 3 April 2010 - Signed building contract 14 April 2010 - Prestart 28 April 2010 - Loan approved 30 June 2010 - Slab completed 27 August 2010 - Brickwork completed 22 September 2010 - Roofing completed 30 September 2010 - Internal walls plastered 12 October 2010 - Lock Up 19 November 2010 - PCI 26 November 2010 - Handover 29 December 2010 - Moved In https://forum.homeone.com.au/viewtopic.php?f=31&t=32584 Re: 15Sep 04, 2010 9:09 pm [quote="WFFS"]We have usually found that our selling costs have added up to about 5% of the selling price which is usally made up of all fees (government, solicitor, realestate agent, etc).[quote] WHAT THE!?!?!? 5% of the sale price??? Oh my goodness me. I have been looking online and getting quick (so maybe not entirely accurate) quotes for selling fees, and based on the property selling at $370,000, it said I'd pay the solicitor about $500, have no idea how much I'd pay the government but I can't think what I'd have to pay them except for any outstanding council rates or something...we have no proper mortgage as such, so there's nothing to discharge or transfer... Then there's the agent fees for their advertising and their commission. Is the commission the biggest part of this 5%? Cause I can't see how going from an amount of $500 to an amount of $18,500 (5%) makes sense!!! How the hell did I become a senior member!? I know nothing! Is it just a report written to give to the bank initially and it is based on what and how your payments are made up for, or is it a full service where they go out and… 2 5592 0 17290 |