Gold Coast Home Selling Costs Calculator
When selling your home, it is important to estimate the costs involved. Selling a home is not a one-size-fits-all process and that’s where my Gold Coast home selling costs calculator comes in handy.
My property selling costs calculator estimates the total costs you may incur, allowing you to plan your budget effectively.
You can make informed decisions and mitigate unexpected financial costs by understanding the financial commitment.
My Gold Coast home selling costs calculator uses AVERAGES.
Please zero out costs not relevant to the sale of your property.
Example: You are not selling via AUCTION, not using PROFESSIONAL REMOVALISTS or a GARDENER… Set each unwanted field to ZERO.
Gold Coast Property Selling Costs You’ll Need to Consider
Selling a home involves several costs that you’ll need to calculate. Some are straightforward, such as a real estate agent’s commission and legal fees, while others can be more complex and difficult to predict.
There are also ‘hidden’ costs that you may not immediately think of. This is why my Gold Coast home selling costs calculator is so helpful; it considers costs and gives you a fairly comprehensive indication of what you can expect.
Common Gold Coast Home Selling Costs
- Administration Fee: This includes administration costs, campaign management, design and artwork.
- Agency Commission: This is generally a percentage of the final sale price. It can vary depending on the agent and market conditions. The commission is paid to the agency for their services in marketing, negotiating and selling your property.
- Auctioneer: If you decide to sell your property by auction, you will need to pay for the services of an auctioneer. The auctioneer conducts the auction and helps to achieve the best possible sale price through competitive bidding.
- Body Corporate Disclosure Statement: A body corporate disclosure statement provides essential details about the property being purchased and the body corporate itself. This includes current levies, as well as contact information for the Secretary and Strata Manager. It’s often referred to as a section 206 Disclosure Statement, based on the specific section in the Body Corporate and Community Management Act 1997 (Qld) (BCCM Act), which mandates the Seller to provide this statement.
- Drone Photography: Drone photography provides aerial views of your property and its surroundings. This type of photography can offer a unique perspective and showcase features such as gardens and proximity to amenities.
- FOR SALE Sign Board (Hire): A For Sale sign is a common way to advertise the sale of your property. Although many buyers start their search online, they will often drive around the area to see what’s available; so while not compulsory, it is highly recommended.
- General Expenses (Title Search etc.): General incidentals that include various additional costs, such as title searches which confirm the legal ownership of the property.
- Internet Listing Portals (realestate.com.au & domain.com.au): It is essential to list your property on these popular property portals, as they increase visibility to a wider audience.
- Mortgage Discharge Fee: This is a cost your lender charges to release the mortgage from the property title. On average, you can expect to pay around $350, however, they can be as high as $1000.
- Photography: High-quality photography showcases your home in online listings and marketing material. Professional photographs can highlight your property’s best features and attract greater interest from potential buyers.
- Pool Safety Certificate: If your property has a pool or a shared pool (through a body-corporate), a pool safety certificate is required by law, to ensure that the pool meets safety standards.
- Printed Media: For high-end properties, printed marketing matters. Brochures with stunning photography highlight the features of your home to potential buyers. Distribute them at key events such as open homes, one-on-one viewings, and through direct mail to attract a wide range of buyers.
- Property and House Plans: Providing detailed site and house plans helps potential buyers understand the layout and features of your home. These plans can be used for marketing purposes and to assist buyers in their decision-making process.
- Social Media Campaign: Running a social media campaign can help you reach a broader audience, all while attracting potential buyers through targeted ads and posts. Social media platforms can be used to share engaging content about your property.
- Solicitor or Conveyancer: It is wise to pay for legal services to handle all the necessary paperwork. Your solicitor or conveyancer will carefully check contracts and other legal documents. This ensures that the entire transaction complies with all legal requirements and protects you throughout the process.
- Verification of Identity: Identity verification is a requirement to ensure that all parties involved in the transaction are legitimate. This process helps prevent fraud and ensures that the transaction goes smoothly.
- Videography: A property video tour can give potential buyers a more immersive view of your home. Videography can help highlight key features and provide a virtual walk-through, making your listing more appealing.
Hidden Gold Coast Property Selling Costs to Watch For
Some ‘hidden costs’ emerge when you start preparing your property for sale. These can include:
- Gardening and Landscaping: Hiring a gardener to improve your property’s landscaping can enhance its curb appeal. Well-maintained gardens and outdoor areas create a positive first impression and can add value to your home.
- Home Repairs and Maintenance: Fixing any issues that could deter buyers, such as leaking taps, broken tiles, damaged walls, external cleaning…
- Painting: Freshening up the interior of your home with a fresh coat of paint can improve its appearance and appeal to potential buyers. Interior painting helps to make your home look more attractive and well-maintained.
- Professional Cleaning: Hiring professional cleaners will ensure your home is spotless and ready for viewings. A clean and well-presented property helps potential buyers imagine living there and can make a significant impact.
- Professional Removalists: If you need to move your belongings before or after selling, hiring professional removalists such as Robina Removals (I don’t have any affiliation with them, just look at their 5-star reviews) can simplify the process. The removalists will pack and transport your belongings to your new home, making the transition smoother.
- Property Styling: Staging your home involves arranging furniture and decor to highlight the best features of your home. Professional styling can make your property more attractive and help it sell faster by creating a welcoming atmosphere.
- SMOKE ALARMS: In Queensland, all homes being sold are legally required to have hardwired, photoelectric, interconnected smoke alarms. Alternatively, non-removable 10-year battery smoke alarms can be installed in place.
Using my Gold Coast home selling costs calculator takes the majority of additional costs into account, it can help you lessen any unpleasant surprises. It will ensure that you are fully aware of most of the financial commitments involved, so you can budget accordingly.
Why My Gold Coast Home Selling Costs Calculator is Indispensable
The Gold Coast home selling costs calculator provides a detailed estimate of the majority of potential expenses, helping you:
- Plan Your Budget: Knowing the costs upfront allows you to allocate funds appropriately and avoid financial stress.
- Make Informed Decisions: Understanding the costs helps you decide on necessary repairs and improvements, as well as the appropriate marketing strategies to use.
- Avoid Surprises: By accounting for the majority of possible expenses, you reduce the risk of unexpected costs that could affect your financial situation.
It’s important to note that while my Gold Coast home selling costs calculator provides an excellent estimate of the costs involved in selling your property, it is not a guarantee. Actual costs may vary depending on your individual circumstances and the specific requirements of your property. However, having a reasonably detailed estimate will help you prepare better and navigate your selling journey with greater confidence.
Author – Craig Douglas
Please Note: The information contained in this document is for general information purposes only and does not constitute legal advice. The laws and regulations governing the sale of property in Queensland are complex and constantly changing. It is important to seek the advice of a qualified property lawyer or conveyancer before making any decisions about the sale of your property. This document does not take into account your individual circumstances and may not apply to your situation. By reading this document you agree that you have not relied on the information contained herein and that you will seek independent legal advice before taking any action.
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This page was proudly created by Craig Douglas, your local independent Gold Coast real estate agent, working for a Boutique Real Estate Agency. Selling residential and commercial properties, from those that are awe-inspiring, through to a diamond-in-the-rough, otherwise known as a “renovator’s delight”.
I negotiate and sell on behalf of property owners who want to get the best possible price, with the least amount of hassle. Let’s talk about the process of selling your property over a coffee to get you started – 0418 189 963
