{"id":6048,"date":"2025-05-25T04:21:45","date_gmt":"2025-05-25T04:21:45","guid":{"rendered":"https:\/\/mckenziewhiterealestate.com.au\/?page_id=6048"},"modified":"2025-10-22T08:12:51","modified_gmt":"2025-10-22T08:12:51","slug":"cost-to-sell-home-melbourne","status":"publish","type":"page","link":"https:\/\/mckenziewhiterealestate.com.au\/index.php\/cost-to-sell-home-melbourne\/","title":{"rendered":"What Does It Really Cost to Sell a Home in Victoria?"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\"\"\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t
<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t

What Does It Really Cost to Sell a Home in Melbourne?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Selling a property is a big financial decision and while the focus is often on the end result, it\u2019s equally important to understand the costs involved before your home hits the market.<\/p>

From legal fees to marketing, agent commissions to lender charges, here\u2019s a breakdown of the key costs Victorian homeowners should expect when preparing to sell.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t

1. Agent Fees & Commission<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

There are three types of real estate agent fees and vendors will discuss upfront which ones their preferred agent will accept. These include:<\/p>\n

1. Flat Fee: <\/strong>Where the agent and vendor agree on a fixed fee for the sale of the property, and no matter what it sells for, the fee is set.<\/p>\n

2. Percentage-of-sale fee: <\/strong>The percentage of sale fee, or ‘commission’, can range from 1% to 3%, but is influenced by a number of factors, such as the property value and the competition for business among agents. <\/p>\n

3. Bonuses: <\/strong>Bonuses are also increasingly being used when a vendor is after an exceptional result.<\/p>\n

These are effectively incentive bonuses, where the agent and vendor agree on a percentage-based bonus if the property makes above the agreed reserve. It may be, say, 10% of the amount above the reserve.<\/p>\n

For example, a property expected to sell for $1 million, being sold by an agent on a 2% \u2018percentage of sale\u2019 fee and 10% \u2018bonus\u2019 fee, that goes for $1.1 million, nets the agent $30,000. This is made up of $20,000 for the percentage fee (2% of $1 million) plus a bonus $10,000 (10% of the $100,000 above reserve).<\/p>\n

All fees should be discussed with the agent before signing.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t

2. Conveyancing Fees<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

To legally transfer property ownership, you\u2019ll need a licensed conveyancer or solicitor. In Victoria, this typically costs between $800 and $2,200, depending on the complexity of the sale.<\/p>

Always choose someone with local knowledge and experience in residential contracts to avoid delays or unexpected issues.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t

3. Marketing Expenses<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Vendors are responsible for the cost of marketing their property. This may include:<\/p>