Sell Your Home Without Fees - Would You Take the Opportunity?

Imagine being able to sell your home without incurring any charges. Sounds too good to be true, doesn't it? 

In the dynamic real estate landscape of Perth, Sellers are experiencing a pleasant surprise: their property/s are fetching prices far beyond their initial expectations, thanks to fierce competition among Buyers. This has led to what feels like a wave of "panic buying," where buyers are eagerly bidding against each other to secure their dream property.

Now, let's dive into what this means for Sellers who opt to sell their homes free of charge.

Consider this scenario: You anticipate selling your property for $500,000, but thanks to the competitive market, you secure a sale at $550,000. That's an additional $50,000 you hadn't accounted for, right?

If your selling agent charges, say, 2% commission on the sale price, that amounts to $11,000 + approximately $3,000 for marketing, deducting this from the surplus, you're still left with $36,000!!

This surplus could potentially cover expenses like Settlement Agent Fees (approximately $1,100, plus admin & PEX fees for selling only), Mortgage Discharge Fees, and Moving Costs. And any additional surplus funds can even be allocated towards other expenses such as Settlement Agent Fees for buying (approximately $990, plus admin & PEX fees) and Building & Pest Inspections (approximately $550 for combined inspection) and Stamp Duty. 

In essence, it's the buyer who ends up covering your selling costs. So, given the opportunity to potentially achieve more for your property, would you consider selling your home for free?

Disclaimer:
This information is provided for general information purposes only, and is based on potential scenario based situation only. 
No warranty or representation is made as to its accuracy and should place no reliance on it and should make their own independent enquiries.