As a copywriter, it's amazing how many people I see who say 'They are just testing the market. If we don't get the price we want, we won't sell.' Enlisting a real estate agent is a very expensive way of 'Testing the Market', as the sales commission is the least of your worries. Today, we are going to find out exactly what other costs are involved when selling your home.
Frank Valentic from Advantage Property Consulting is possibly one of the most recognised faces in Melbourne Real Estate. He is renowned for helping people secure their financial freedom through education and building a portfolio of investments. He is also the buyer's advocate we all know from the hugely successful TV series 'The Block'.
1. So what are the costs we need to consider when selling? Let's start with the non-negotiable.
A) Conveyancing - Contract of Sale & Section 32 needs to be organised with a legal practitioner.
B) Marketing - What can marketing cost and how do we know what's the best marketing strategy for our property?
2. Then there are the should do's:
A) Renovations and repairs - What essentials should we consider before putting the house on the market?
B) Styling - Most Real estate agents will engage a stylist to present it well or if it's with your own furniture and accessories - the cost for a stylist to come in and to move everything out of your home and set it up as a display home.
C) Other costs - Storage Rental, Living away from your home during the sale etc. What other costs?
D) What would it cost me to get a vendor advocate involved?
E) How can the method of sale change the cost of the sale?
3. And when it's sold, you have the sales commission.
Frank Valentic's Guide to knowing how to make the most out of the cost of selling:
1. If my house was presentation perfect and I didn't need to go through the cost of renovations and repairs, what percentage of the expected sale price should I expect to spend on selling the property?
2. If I spent $50,000 on renovations and repairs, what return should I expect to get, compared with my agent's initial assessment?
3. Do you recommend a seller to provide any value added information, would that be beneficial to help the sale, and in turn get a better sale price?
4. Are there any other big tips you would like to pass onto Real Estate Right Listeners?
Frank can be contacted by calling Advantage Property Consulting: (03) 9883 8900
or by email: buyer@advantageproperty.com.au
Need Copywriting?
Call the 'Real Copy Right' Hotline: 5977 8889
Email: orders@realcopyright.com.au
Replay - Ep35: Intelligent Credit
Replay - Ep31: Your Investment Checklist
Replay - Ep10: The AirBNB Revolution
Episode 50: The Year That Was 2020!
Episode 49: Ross MacKinnon - Building a Sustainable Home
Episode 48: Sophie Lyon - How To Appeal to A Landlord When You Really Want that Lease?
Episode 47: Kiani Mills - Buying Property Interstate - Knowing the Different Conveyancing Needs
Episode 46: David Johnston - The Pros and Cons of Buying Off the Plan for First Home Buyers
Episode 45: Howe Tran - Choosing the Right Removalist for the Job
Episode 44: Chris Walsh - What's a Section 27 and How To Make the Most of It
Episode 43: David Johnston - Understanding The First Home Buyer Process
Episode 42 - Nicole Jacobs and Barry Sloan - The Best Tactics for Bidding at Auction
Episode 41: Will Walton - Creating a New Lifestyle in Regional Victoria
Episode 40: Adam Docking - Auction vs Private Sale vs Expressions of Interest
Episode 39: Dean Shipley - Buying in Regional Victoria
Episode 38: Francis Morello - Auction Day: What To Expect
Episode 37: Tania Bell - Knowing Your Benchtops
Episode 36: Geoff Gartly - Helpful Tips on Negative Gearing
Episode 35: James Green & Duncan Tonkin - The Changing Mortgage Industry
Episode 34: Agent X - Choosing The Right Agent Part 2
Join Podbean Ads Marketplace and connect with engaged listeners.
Advertise Today
Create your
podcast in
minutes
It is Free
The Meaningful Life with Andrew G. Marshall
The No-Frills Teacher Podcast
Heal, Survive & Thrive!
The Jordan B. Peterson Podcast
The Mel Robbins Podcast