What expenses do I need to consider when selling my home?
In terms of selling your property, there are a number of expenses to consider. The first of all, you’re going to have some legal fees, and they’re going to work then in preparing your contract and if you actually go through and settle the property, they’ll be some disbursements as well. When you’re dealing with an agent, there’s two fees to consider. There’s an investment, in terms of performance fee, or commission. That is only payable if they find a price that’s acceptable to you, and the property settles.
Then, there’s also an investment into marketing your property. Very separate fees. Marketing your home is the ads, the internet, the photography, the video that you do to promote your property to attract the buyers and then if you do so, you then pay the performance fee, which is a commission payable to the agent.