Costs to Budget for when Selling Your Property

Conveyancing Costs             $590 + GST

Normally we charge at $690, but as a promotional special on for a limited time, we are offering $100 off our normal professional fee!

Starting at only charge $590 for our professional fees, for the sale of a property. This is payable upon settlement, with a small deposit being paid at the start. 

Conveyancing Fees - FIXED

We will prepare your contract of sale, give advice and guidance on the sale and assist you through to settlement for a fixed fee.

 

 

Selling Costs

When you have made the decision to sell your property, you need to know what the whole process is going to cost you. There are many costs to consider, some of them negotiable.

Be Sure to Negotiate Your Real Estate Agent Commissions

Real estate agents fees can vary greatly but are negotiable. Typically, you can expect to pay between 2-3.3% of the purchase price for the services of an agent. In addition to this there may be marketing fees and auction fees. A good real estate agent can be a valuable asset when selling; an agent who knows the market, understands the best way to advertise your home and has potential buyers lined up to get you the best possible price. You might consider using a vendor’s advocate to negotiate the sale of your property. Vendor’s advocates will negotiate with real estate agents on your behalf to get the best possible deal and method of sale for your circumstances.

 

Discharging your Mortgage

Discharge fees vary depending on the lender and type of loan. Fees can range from $220 to $600. Check with your lender to confirm the amount. The Land Titles Office charges an additional fee to discharge any mortgages held over your property. The current rate as of August 2019 is $110.80 per mortgage. 

 

Compulsory Electronic Settlement Fee

Electronic settlements have been mandated in Victoria since mid-2018. Settlements in Victoria are completed on an electronic platform called PEXA (Property Exchange Australia). PEXA is an online platform that removes the need for paper settlements, cheques and reduces the time it takes for cleared settlement funds to reach your account. PEXA’s fee is $114.07.

 

Council Rates Outstanding will be Adjusted at Settlement

As the owner of a property you pay council and water authorities rates and if applicable, owners corporation fees and land tax. When you decide to sell these rates are paid by you up until and including settlement day. They are adjusted at settlement to ensure the purchaser pays their portion of the bills. Figures are calculated in the "Statement of Adjustments" and any outstanding bills will be taken out of your settlement proceeds so the property is settled debt free.

Owners Corporation is involved (used to be called Body Corporate)

Add $195 average cost of Certificate that is needed.  

Based on straight forward no additional work transactions.

Any further questions - Complete the Online Enquiry.  

Fill in the below form to get started on your Contract & Section 32

Online Enquiry
Name *
The current address I am living in *
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Your email address *
The address of the property being sold
The Real Estate Agency involved *
Which Lender has a mortgage over this property *
Auction Date (if applicable)
I note that I accept your quotation and estimation as set out by Schroeder Conveyancing with the detailed explanation being read
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Auction Contracts

Buyers don't have the luxury of a 3 day cooling off period or buying subject to finance when they buy your property at auction.

We will beat any written quote by 10%*

*Conditions Apply

  • We will beat any genuine written quote from a registered Conveyancing business in Victoria.
  • The business must be registered.
  • The quotation must written and be for the type of work you are wanting to do.
  • It must specify exactly what is included in the quotation and what work is not included.
  • If we deem it to be genuine, we will complete the work stated in that quote for 10% less excluding GST.
  • Only work included in the quote will be covered by the discounted price.

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