Selling a house in New South Wales (NSW) involves several costs that homeowners need to consider carefully. These costs vary depending on the method of sale, property value, and additional services required. If you are considering selling your property, understanding the cost of selling a house in NSW can help you plan effectively. At Sale by Home Owner Australia, we aim to make this process transparent and affordable. Here's a breakdown of the key costs you might encounter.

Real Estate Agent Fees

The biggest cost traditionally associated with selling a house in NSW is the real estate agent's commission. In NSW, agent commissions typically range from 2% to 2.5% of the sale price. For a $1 million property, this translates to $20,000 to $25,000. However, choosing to sell your home privately through Sale by Home Owner Australia eliminates this expense, allowing you to save thousands of dollars while still accessing professional advertising platforms.

 Marketing Expenses

Marketing is essential to attract buyers, but it comes at a cost. A typical marketing package through a traditional agent can range from $2,000 to $5,000. This may include professional photography, online listings, brochures, and property staging. When you sell through Sale by Home Owner Australia, you can access affordable marketing packages that allow you to list your property on major platforms like realestate.com.au, reaching a broad audience without breaking the bank.

Conveyancing and Legal Fees

Conveyancing is an essential step in the property sale process, ensuring all legal documentation is accurate and compliant. In NSW, conveyancing fees typically range from $800 to $2,500. This cost depends on the complexity of the transaction and the solicitor or conveyancer you choose.

Pre-Sale Property Costs

Preparing your property for sale may involve repairs, painting, landscaping, or professional cleaning. These costs vary depending on the property’s condition but can range from $1,000 to $10,000 or more. Homeowners often choose to invest in these upgrades to improve the property’s appeal and secure a higher sale price.

Auction Costs (if applicable)

If you choose to sell your house via auction, there are additional costs, such as auctioneer fees. These fees typically range from $400 to $1,000 in NSW. While auctions can drive competitive bidding, they are not always necessary, especially if you opt to sell privately.

Transfer Duty and Taxes

While sellers do not directly pay stamp duty in NSW, there may be other tax implications, such as capital gains tax (CGT) if the property is an investment. Consulting a tax professional is advised to understand any liabilities specific to your situation.

Selling Privately with Sale by Home Owner Australia

One of the best ways to reduce the cost of selling a house in NSW is by selling privately. Sale by Home Owner Australia offers an affordable, efficient solution for homeowners who want to take control of the sale process. You can save on agent fees while accessing the same professional tools to advertise and market your property.

Selling a home doesn't have to be expensive. With the right approach and resources, you can achieve a successful sale while keeping costs manageable.