Selling Costs

Knowing the costs early makes it easier to plan your sale and your next move. Before choosing an agency, talk through the commission, marketing budget, how long the agreement runs and its cancellation terms. You should know what you are paying for and when each payment is due.

Read the agency agreement

A sole agency and a general agency give different rights. Ask about any risk of paying more than one commission, including when changing agencies. Check the agreement’s end date and any circumstances in which commission could be payable after it ends. Read the documents and obtain legal advice before signing.

Agree the commission and marketing budget

Ask for the commission formula and an estimate in dollars based on the appraised sale price. Check what is included, what costs extra and whether amounts include GST. Any agreed advertising should have a clear scope and budget. Ask about relevant rebates or discounts the agency receives, and which expenses remain payable if the property does not sell.

Allow for your wider moving costs

Your wider budget may also include legal work, reports, preparation, loan-related costs and moving expenses. These vary with your property and arrangements. Check the timing with the people providing each service so you can plan beyond the selling campaign.

Discuss the proposal for your property

Request a property appraisal or contact Ray White Tuakau and we can talk through a selling plan and its costs with you. You can also read Settled’s agency-agreement guidance before the conversation.