REA Selling Fees in Perth

Discussion in 'The Buying/Selling Process' started by Rixter, 13th Jun, 2015.

  1. Rixter

    Rixter $uper Investor (Retired)

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    Can anyone who's sold a property recently in Perth provide us with what selling fees (& sale price) they were charged from their REA?
     
  2. Tano

    Tano Member

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    Hi Rixter
    For an average house : 2.25% to 2.5%

    The higher the price, the lower the percentage. eg 1M+ should be <2%
     
  3. hematite

    hematite Member

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    Thanks Tano. Interesting to note that it's higher than what we paid to sell our Sydney property which was about 1.65% or thereabouts.
     
  4. Rixter

    Rixter $uper Investor (Retired)

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    Tano, thanks for that but what did you pay though and did that include advertising costs?
     
  5. pinkboy

    pinkboy SS Lookerafterer

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    Hard to LOE if you sell. Why are you selling Rixter?

    pinkboy
     
  6. Rixter

    Rixter $uper Investor (Retired)

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    Why is it pinkboy?
     
  7. pinkboy

    pinkboy SS Lookerafterer

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    Selling the goose that lays the golden eggs. Thought your strategy was to never sell and to re-val, extract and LOE each property 10 years?

    pinkboy
     
  8. Rixter

    Rixter $uper Investor (Retired)

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    Im not selling the golden geese. Upgrading PPOR.

    Extraction 10+ years of equity done last year.
     
    Last edited: 13th Jun, 2015
  9. INVSTOR

    INVSTOR O+

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    I've paid flat fee $8800 all inclusive for sale of $417,500 and flat fee $11,000 plus photo's, sign, advertising $600 for sale of $645,000. both did upgrades on Realestate.com that usually cost around $180 extra. Both in past 6 months.
     
  10. Rixter

    Rixter $uper Investor (Retired)

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    Thanks Invstor... I was estimating double that $11k..you got a excellent rate by the looks.
     
  11. INVSTOR

    INVSTOR O+

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    He did an excellent job also. He only takes on about three listings at a time. Some take on around 12.

    He also got at least $50,000 more than what most agents quoted.

    Apart from another agent going about $1000 cheaper it was around $5000 cheaper than other quotes. I got about 7 all up.
     
    Last edited: 13th Jun, 2015
  12. Rixter

    Rixter $uper Investor (Retired)

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    Thanks for the update Invstor..our property value is a bit more than your so will adjust fees accordingly.
     
  13. Tano

    Tano Member

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    Sale price was 470k, agents fee was 11k plus $500 selling costs.
     
  14. sanj

    sanj Member

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    I generally pay 2.2% inclusive, q touch more if it's a really cheap property. Paid as low as 1.8% for a sale above $1.5m

    There are cheaper agents out there but tbh agents fees are only a small factor when it comes to selecting an agent for me. Especially in perth where auctions aren't the norm.

    Potentially saving $2k through a cheaper agent and not getting as good a service is a fools errand.
     
  15. Rixter

    Rixter $uper Investor (Retired)

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    Yeah I tend to agree.

    Are these fee's that everyone is posting here, inclusive of GST?
     
  16. INVSTOR

    INVSTOR O+

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    Yes! Most agent quoted me around 2% inc GST. Plus around $500 advertising.