View calculator assumptions and logic
We thought we’d give a little explanation around how we’ve arrived at a rough cost for selling your home. Our calculator works a little differently to other selling calculators online—based on your suburb, expected selling price, and property features, we’ve estimated a ballpark figure for some of the selling costs you may be up for.
It’s important to note that while we have spoken to a range of service providers and made every effort to research the average costs of services named in this calculator, every service provider and situation is different. Therefore, the information in this calculator is an estimate only, and educational in nature. It should no’t be considered as advice to hire any services, and should not be considered as a completely accurate representation of the costs you will be up for when selling your home. Anyone who uses this calculator should also undertake their own research before hiring a professional or engaging services.
What assumptions drive the selling calculator’s costs?
Let’s take a look below.
Standard selling costs:
The commission shown is driven by the suburb selected, and total payable commission is calculated as the expected sale price x the average commission rate. It’s important to note that commissions vary, even within a suburb, and are entirely negotiable. A seller could therefore be paying more or less, depending on what their chosen agent charges.
We’ve estimated a flat-rate of $2,000, but this can differ depending on how extensive the marketing strategy is for your property. This marketing cost does not include costs associated with listing your property on an online portal.
Advertising on listing portals:
We’ve arrived at an estimated cost for advertising your home on an online listing portal—this cost varies depending on the expected selling cost of your home.
We’ve estimated a flat-rate of $500 for conveyancing when selling a home, but this could cost you more depending on who you choose to engage and where you live.
Other costs are defined as things like mortgage exit fees, closing fees, and other miscellaneous costs associated with selling a property.
Value add items:
Value add items are considered to be items that are not essential for selling, but could be something you decide to do in order to prepare and present your property for the market in order to try and achieve the best sale outcome possible. The toggles in this section can be dragged all the way back to zero if you choose not to use any of these services when selling your home, or they can be adjusted up or down if you have received a smaller or larger quote for the work or service. Many sellers may, for example, choose to do a lot of the home preparation work themselves.
Auctioneer costs are calculated at a flat rate of $600. This could cost you more, depending on where you live, the auctioneer you choose, and your property type.
Removalist / moving costs:
The cost of removalists is calculated at a rate of $80 per hour. Hours will vary based on your property type, and how many bedrooms and bathrooms your home has.
Gardening is calculated at a rate of $70 per hour and will vary depending on your property type. For example, a house typically has a larger garden compared to a townhouse. If you have an apartment, this cost is not applied.
Interior painting is calculated at $100 per hour, and hours will vary depending on how big your home is. Painting can of course cost more or less depending on who you hire, or if you decide to do the work on your own.
The average cost of property styling is based on your property type and size. Costs for home staging can vary, depending on where you live, whether you require partial staging or full staging or if your sales campaign drags out for longer than expected, resulting in paying extra for items used to stage your home.
Professional cleaning is estimated at $50 per hour in this calculator, and the hours needed to clean your home will vary depending on the type of your property and its size.
The calculator output is only an estimate based on the information provided. It is not meant to be a substitute for professional financial advice. While OpenAgent Pty Ltd has based the information on sources that we believe are reliable and accurate, your actual selling costs may differ depending on a range of factors outside of our control. This information has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.
Why using a property selling costs calculator makes sense
If you're looking to sell your house, it's important to have an accurate estimate of the costs involved in the process. We know that selling a home and the costs involved is not a one-size-fits-all scenario—so that's where a house selling cost calculator can help. Our selling calculator tool provides you with an estimate of the expenses you might incur, allowing you to plan your budget accordingly.
The different selling costs you’ll need to calculate and consider
There are plenty of costs associated with selling a home that you’ll need to calculate when you embark on this process. Some are straightforward, some are confusing, and some are ‘hidden’ costs that you need to be aware of. That’s why it’s super helpful to have a selling costs calculator that takes ALL of these costs into account.
Some of the ‘hidden costs’ involved in selling a home come to the fore when you start preparing your property for sale to get it ready for the market. These costs can include painting, professional cleaning, gardening and property styling. So using a calculator that takes all of these additional costs into account can help you avoid any unpleasant surprises.
It's important to note that while a house selling cost calculator can provide you with a good estimate of the expenses involved in selling your property, it's not a guarantee. The actual cost of selling your house may vary depending on what may be needed for your individual circumstances.
Selling Costs Calculator FAQs
How does the selling cost calculator work?
A house selling cost calculator works by calculating all of the different fees and costs involved in selling a house. These fees can vary based on your personal circumstances, the real estate agent you choose to sell your home, and your location. The selling cost calculator tool can help home sellers to plan their budget and make informed decisions when it comes time to sell a home.
How can a house selling cost calculator help me plan my budget for selling my house?
A house selling cost calculator can help you plan your budget for selling your house by providing an estimate of the total costs involved in the process. It can also help you to be aware of some of the ‘hidden’ costs that may be involved in selling a home, including things like renovations, repairs and styling.
By having a better understanding of these costs, you have the ability to plan more accordingly to ensure you have enough funds to cover all the expenses associated with selling your house.
Does the calculations made by a house selling cost calculator take into account local market conditions and real estate fees?
This calculator does not take into account local market conditions, but does take into account one fee that is based on your location, and that is the real estate commission you might pay for selling a home in your suburb. Every other cost in the selling calculator is either estimated as a flat fee, or is estimated based on your property type, number of bedrooms and number of bathrooms, or, in the case of the cost of advertising on listing portals, an estimation is provided based on your expected sale price.It goes without saying that any costs associated with selling should be researched and considered carefully before entering any agreements.