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  1. #1
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    Default How much are real estate agent fees for selling a house?

    Trying to do some sums and I have no idea how much real estate fees are. I gather they are worked out on the package you want them to do to advertise and sell and also possibly the price of the house.

    A rough idea would be fantastic please! Trying to work out so we can possibly make an offer on a house.

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    When we sold our house I think it was between 10-12.5% of sale price up to $400k then it was an extra amount over $400k. We sold for $415k and paid $10k but that was though a friend of a friend.

    For the total advertising package (top of the line) it was an extra $1000 but you could decide on smaller packages.

    That's for WA. Sorry not that specific my mind is mush

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    Little Ted  (05-05-2014)

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    We are in Sydney and charge 1.8% plus approx $4500 for auction and advertising campaigns ( on an average sale price of about $900k, we usually charge more for units or properties under $600k)

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    Quote Originally Posted by shani2 View Post
    When we sold our house I think it was between 10-12.5% of sale price up to $400k then it was an extra amount over $400k. We sold for $415k and paid $10k but that was though a friend of a friend.

    For the total advertising package (top of the line) it was an extra $1000 but you could decide on smaller packages.

    That's for WA. Sorry not that specific my mind is mush



    10 - 12.5%!!!!! What??

    The highest rate I've ever heard of is 3% plus GST.

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    Quote Originally Posted by Allie Pallie View Post
    10 - 12.5%!!!!! What??

    The highest rate I've ever heard of is 3% plus GST.
    Sorry, my memory is terrible, it was 10-12.5% over the $400k mark!!

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    Our fees are going to be just under 10k for a 340k sale

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    Thank you. I think we might be looking at around a $350k sale...hopefully. Houses are selling fairly quickly around here. It gives me an idea...so $10k sounds good to everyone to allocate to this fee - yes?

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    I think so, you may even have change out of that.

    I personally recommend not doing any print advertising, waste of money in my eyes if you have it online anyway. You could save some money there.

    I also recommend reading an article named something like 18 mistakes sellers make when choosing an agent (or possibly selling a house). Its written by Neil Jenman. Its great as it exposes many of the dodgy ways many (not all) agents get too much money out of vendors - an interesting read....

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    I always advise people to choose their agent based on who is selling the most and for the best prices in your area - ( if you have recommendations even better ) then also check where all their buyers are coming from and what their marketing is like - every area is different - print advertising works well in our area as it attracts buyers from outside our suburbs who would not traditionally search for our area on the net , but then again our local paper has a huge distribution and everyone reads it

    Be careful of Neil Jenman, he makes his money by recommending the agencies who pay him - not the ones with the best reputations

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    Thanks Allie. That's a good point about print advertising - I know we've only been looking on the web for homes and haven't bought 1 paper since looking for almost a year now. Will check out the other reading recommendation tomorrow - trying to get uni work done now and am terribly distracted!

    Will have to shop around for an agent with a package that suits us I guess.


 

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