5 Costs Associated With Engaging A Real Estate Agent
Working with an agent in the real estate sector can be a perfect way to put the property before a wide audience of potential buyers. It also means potential costs will arise that may not be completely evident at the time the property is mentioned. Below are five hidden costs associated with using a real estate to sell your property. These are of course not applicable when you advertise on realestate.com.au without an agent.
Property Photography
Photography services are the first hidden costs of working with a real estate agent. We can suggest adding high-quality photographs to your listing during the first meeting with the real estate agent. We typically have a photographer we work with, preferred or suggested, and they trust, but getting professional pictures taken of your property will cost more than you planned. It is also preferred to provide a wide-angle shot of all the rooms and, if possible, a 360-degree picture so that a virtual tour of each room can be imported into a system. They might also recommend doing a virtual tour of your house, especially when it's not ideal these days to be around more people than required. The more photography kit features will help you sell your house faster but most likely they won't come for free.
Staging and Preparation
Staging fees is the second secret expense of working with a real estate agent, but can also be relevant when you sell your house privately on realestate com au. If you do not leave furniture in your property when it is being sold for sale, the real estate agent may suggest staging the property. This helps the prospective buyer imagine themselves living or occupying this property and often quickly sell the house. If the realtor is not sufficiently experienced or has no time to set up properties on their own, they will often suggest a professional interior design service for you to set up the house. Often, you'll have to rent or even purchase the furniture and decor they're planning to use to stage your house. Naturally, that all depends on the value of the property. Typically, the more expensive the house, the more likely it is that you will be allowed to pace it.
General Aesthetic Improvements
Curb appeal is the third secret expense of operating with an immovable person. Real estate agents would also recommend changes to the property's curb appeal. Regardless of the improved appeal of a fresh coat of paint and some new colour pops in the flower beds, the property will most likely sell quicker, but all this adds up. This would cost hundreds of dollars to paint a house, add new plants, spread mulch, pressure wash the driveway and other visual improvements.
Open For Inspections
The fourth hidden expense of working with a real estate agent is an inspection or assessment of the land. Many real estate agents like to attract buyers to the listing with this extra perk. Having a recent property inspection or survey is a great selling tool, especially if the property has no major problems or encroachments in the property line. This will give buyers trust in submitting decent offers, but it will cost you.
Sales Commission
The fifth secret expense is their fee to work with a real estate agent. This is, of course, resolved when the listing agreement is signed, but it is easy to forget that when the property is being marketed. You may not really feel the impact of the brokerage fees until it's time to sign the papers to close. It will include the brokerage fee and will also include any checks or reports taken on your properties that you have decided to pay for.