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Golden Mile Info
Selling Property > The Selling Process
The Selling Process
From appointing a solicitor to accepting an offer from a buyer - all the information you need to know about the selling process!
Other Property Selling Costs
Besides the agent´s commission there are other costs involved in selling your property – which makes it even more important that you get the best agent to sell your property for the highest price possible!
Selling your property may incur costs such advertising and marketing costs, a valuation report, pest and building inspection reports, as well as legal and financial fees.
1. Advertising & marketing costs:
In some cases some Owners of Property choose to improve the Advertising & Marketing budget of their properties designed to achieve for you the highest possible price. This can involve advertising your property through signboards, local newspapers, on property websites, or dedicated property magazines.
The cost of the advertising and marketing of your property may be borne by the agent, yourself or a combination of the two. You should ensure that you negotiate this with your agent before listing with them.
A co-ordinate advertising and marketing campaign is particularly essential if you decide to auction your property - the more people who are aware of the auction date, the more likely it is you will achieve a high turnout on the day and consequently sell your property at the best price.
2. Legal costs:
Solicitor's fees are negotiable - it is advisable to compare the fees being charged by a few different solicitors. Good referrals and past experience is valuable when choosing your legal representative.
3. Financial institution fees:
Your bank or financial institution may charge you to receive and discharge the mortgage. Fees vary between institutions and whatever you agreed in the beginning.
4. Valuation report:
In some cases you may wish to procure a valuation of your property to give to potential buyers. In some countries this is not of use, since if a buyer requires mortgage financing its own financial institution will appoint their selected valuers to do the job, therefore other valuations are good as indicators only.
5. Miscellaneous items:
Miscellaneous costs to the seller can include preparing the property for sale through garden and painting service providers and other attendant costs of making the property look its best for potential buyers.
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