When selling a property in New Zealand, sellers typically incur various costs associated with the process. Here's a list with headings and short explanations for each cost item. It's important for sellers to be aware of these potential costs and factor them into their budget when planning to sell a property.
Agent's Commission
Payment to the real estate agent for their services in marketing, negotiating, and selling the property.
Advertising Costs
Expenses related to promoting the property, such as online listings, signage, photography, and print advertising.
Conveyancing or Solicitor Fees
Legal fees for the conveyancing process, including the preparation of the contract of sale and handling the settlement.
Property Styling or Home Staging
Optional cost for preparing and presenting the property in its best light to potential buyers.
Building and Pest Inspection
Cost for professional inspections to identify any structural or pest issues with the property.
Title Search and Certificate
Fees for obtaining the title search and certificate to verify ownership and any encumbrances on the property.
Capital Gains Tax (CGT) (if applicable)
Tax on the capital gain from the sale of the property, although exemptions may apply for the primary residence.
Discharge of Mortgage Fee
If there is an existing mortgage on the property, there may be fees associated with paying it off