HOW TO MINIMISE THE COST OF SELLING A HOUSE IN NZ
When people want to know what the cost of selling a house in New Zealand is, usually what they are most concerned about is the real estate commission and fees.
But there are other potentially costly situations to be aware of and avoid. 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 so it pays to get a vetted agent that will get you the best possible price in the shortest time frame.
An unsold property at the end of a real estate agency contract is something to avoid but unfortunately it happens, usually unnecessarily.
COMMON REASONS WHY PROPERTIES DON'T SELL
- Poor choice of 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 but has sat 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, while the commission percentage is usually a few thousand, so whether to engage an agent shouldn't be based on fear of paying the commission fee.
Home Sellers find our Agent Questionnaire really helps sort the wheat from the chaff when interviewing agents. Feel free to enquire about the questionnaire.
Also read this article about real estate commission and opportunities to negotiate with your agent.
Find Out More | Free Phone 0800 789 532 | email: firstname.lastname@example.org
OTHER POPULAR PAGES
- Why day one on the market is the most important day of all
- Step by step process of selling a house
- Top tips that sell homes for best prices
Article updated July 24 2020 | About