DECISIONS THAT MINIMISE THE COST OF SELLING A HOUSE IN NZ
Real estate commission and fees are front of mind when embarking on a property sale.
But there are some situations to be aware of and avoid, that can be very costly indeed. One of these is about how to avoid the risk of being liable for paying double commission.
The hidden or unforeseen financial cost of a poor real estate experience at the end of a 90 day contract, can have far greater financial impact, than the commission cost you were trying to avoid at the start.
An unsold property at the end of a real estate agency contract is something to avoid, but unfortunately it happens, mostly unnecessarily.
COMMON REASONS WHY PROPERTIES DON'T SELL
- Poor choice of your real estate agent
- Vendors making ill-informed decisions about marketing and advertising
- The property has structural or layout issues
- Poor property presentation
- Marketed at an unrealistic price expectation
- The property has been listed for sale recently, remains unsold
It is said that a death in the family and selling real estate are two of the most stressful events in a person's life. The cost of a second or third time around marketing campaign is not only expensive takes the stress levels to a new high.
WHAT ARE NZ REAL ESTATE FEES?
We have prepared some examples of commission fees based on sale prices to get you started with your planning.
Be mindful that the financial value of a competent real estate agent can make tens of thousands difference in a sale price, a commission percentage is usually a few thousand.
Home Sellers find our Agent Questionnaire really helps sort the wheat from the chaff when interviewing agents.
We have written another separate article to help you find out more about real estate commission and opportunities to negotiate with your agent.
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