agent commission

THE costs involved in selling a house can range from about a thousand dollars to tens of thousands of dollars, depending on whether you appoint an agent, the value of your property and the kind of marketing campaign you undertake.

For suburbs within 10 kilometres of the Melbourne CBD for example, an agency will typically charge a commission of between 1.5 per cent and 2.5 per cent of the home’s eventual sale price.

Some agents may also negotiate a variable commission in effect a bonus paid to the agency for any amount the property sells above an agreed amount.