[Tia Maria]

Once we've sorted out our villa, (may take some time!), we are planning on selling and I was just trying to work out the actual costs of selling in NZ.

Anyone done this and if so what costs were involved?

So the things I can think of, (I'm sure there are more!), are:

Estate Agents commission:
(Did you negotiate these?)

Advertising fees:

Lawyer costs:

Mortgage Set up/transfer costs:

Storage:(Did you declutter and store?)

Furniture Hire:
(Did you hire any swanky pieces to make your place look fab?)

Removals:

Anything I've missed?

Cheers

Tia

[Sam B]

Well the main costs were the estate agents fees which were steep - we paid $14000 to them and we sold our house for $452500. The lawyers fees were fine - think they were around $200 or something, not much anyway. Removals were $750, they had to move us twice - one half into storage and one half to rental. We didn't hire any furniture although I decluttered and touched up the paint where there were marks. No other costs.

[Milliemoo]

There may be costs to transfer your telephone and broadband ;)

Milliemoo

[Familyofmonkeys]

You could always do private sale and not bother paying estate agents fees....

http://www.greendoor.co.nz/

[Familyofmonkeys]

Gotta ask....curiosity and all that :o

Where are you moving to.....Staying in Devonport....Oz....?

[Nienke]

Estate agent fees: yep, we negotiated those down, no idea how much it will be as we haven't sold yet :(
marketing: costly, you have to pay for every add yourself. Property press is hugely expensive.
We did declutter, fortunately our house has a lot of storage so we could hide a lot. The rest is stashed away in our cars during the open homes :p
We didn't hire any furniture. I did paint the whole inside of the house before we went on the market. Did all the minor repairs etc.

[Hackswell]

Well the main costs were the estate agents fees which were steep - we paid $14000 to them and we sold our house for $452500. The lawyers fees were fine - think they were around $200 or something, not much anyway. Removals were $750, they had to move us twice - one half into storage and one half to rental. We didn't hire any furniture although I decluttered and touched up the paint where there were marks. No other costs.

In the USA, the seller pays all realtor fees. Usually 6% here. Any "buyer" realtor, usually gets 3% of selling price, from the seller. Is that similar in NZ, or does the buyer pay the realtor and the seller pay his realtor? I noticed your fees were roughly 3.1%.

[Hackswell]

=bump=

[Tia Maria]

Thanks for the replies so far, has anyone else got some figures to add? I'm sure they vary from area to area

Estate Agents commission:

3.1%

(you can negotiate)

Advertising fees:

Can cost extra? how much?

Lawyer costs:

$200

Mortgage Set up/transfer costs:

???

Storage:(Did you declutter and store?)
???

Furniture Hire:
(Did you hire any swanky pieces to make your place look fab?)

Removals:

$750

Have you sold yet Nienke - its a difficult market at the moment!

FOM - yes we'd be staying in Devonport for the moment, I'm too knackered to move anywhere else than down the road! :D

Hackswell - the buyer doesn't pay the agent anything (although indirectly the agents fees are normally added on to the asking price). Possible costs to the buyer are lawyer fees, mortgage set up fees, valuation fees and LIM reports (Council report on land and property). i think that was your question - correct me if I'm wrong!

Cheers

Tia

[pinkpiggy]

Great thread Tia. Tried to rep you but as usual, have to spread it around. :uhoh

[Tia Maria]

bump for Asterix!

Cheers

Tia