When you're considering selling your house, one of the first questions that comes to mind is, "How much will I get after selling my house?" The answer depends on various factors, and working with a real estate agent can have a significant impact on the final amount you walk away with. At Sale by Home Owner Australia, we understand that this is an important decision, so let’s break down how using a real estate agent can influence the sale of your home.

The Role of a Real Estate Agent

A real estate agent’s job is to handle the entire process of selling your property. From setting the right price to marketing the property and negotiating offers, they bring a wealth of knowledge to the table. Their expertise can help you secure the best possible deal, but it’s important to understand the costs involved.

Commission Fees

One of the most significant costs when working with a real estate agent is the commission fee. On average, real estate agents in Australia charge between 2% and 3% of the sale price. While this fee can vary based on the agent and location, it is typically a percentage of the final selling price. For example, if your house sells for $500,000 and the agent charges a 2.5% commission, you’ll pay $12,500 in commission fees.

Marketing and Additional Costs

In addition to commission fees, real estate agents often charge for marketing and advertising expenses. These costs can include professional photography, listing fees on property websites, brochures, and open house events. Depending on the agent, these fees might be included in the overall commission, or they may be additional. It’s important to clarify these costs upfront to avoid any surprises when you’re asking, "How much will I get after selling my house?"

Setting the Right Price

One of the most crucial ways a real estate agent can help maximize your sale price is by setting the right asking price. A skilled agent will conduct a comparative market analysis (CMA), looking at similar homes in your area to determine a competitive yet realistic price. By pricing your home accurately, you increase the likelihood of attracting serious buyers and receiving multiple offers, which can drive up the final sale price.

Negotiation Skills

Real estate agents are experienced negotiators, and their ability to handle offers and counteroffers can directly impact how much you make from the sale. If a buyer tries to negotiate a lower price, your agent will work to protect your interests and ensure you get the best possible deal. Their experience in handling negotiations also ensures that the terms of the sale are clear, reducing the chances of issues arising later in the process.

Final Thoughts

When asking, "How much will I get after selling my house?" using a real estate agent means factoring in commission fees, marketing costs, and their ability to negotiate a higher sale price. While the costs involved may reduce the amount you take home, a skilled agent can help you secure a higher selling price, ultimately making it worth the investment.

At Sale by Home Owner Australia, we offer an alternative approach to selling your home. We provide the tools and support you need to sell your property without the high commissions and marketing fees. Whether you decide to work with an agent or not, it’s crucial to understand all the costs involved to ensure you get the best outcome.