PHOTO: 123RF Graeme Fowler said paying for marketing was always a benefit to salespeople.
If you’re thinking about selling your house, you’ve probably considered what you will pay in real estate commissions.
But have you thought about all the other costs that might come with the transaction?
Real estate experts say it can easily cost thousands of dollars to put a house on the market, and that’s before an offer is even presented.
MARKETING: $5000 to $10,000
Most agents will ask you to sign up for a marketing package when you sign a listing agreement.
Property investor Graeme Fowler said sellers would need to consider the market they were selling in before they determined how much they wanted to spend.
“The advantages are that your property will stand out from others that aren’t marketed in the same way and you are likely to get a lot more people through.
“If you get more than one buyer competing to buy your property, you’re likely to get a better price than if you’re just negotiating a single offer…Often the agents may suggest you spend around 1 per cent of the value of your home. So a $500,000 home you might pay $5000 for marketing costs.
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