The Real Estate Commission Fee Calculator is a tool that approximately calculates the real estate fees a property owner might pay a real estate agent in a particular location for the sale of a property. It is a guide only but gives an estimated cost should a property be sold via a real estate agent. Try the real estate fees calculator.
The majority of the main brand real estate agents such as Harcourts, Baileys, Ray White, Century 21 all charge a similar commission rate. Mike Pero and a couple of others are slightly less and there's several more localised real estate agencies like Proppy and Total Realty at the low commission level. Some include marketing costs and admin fees while others don't. Regardless of the agency, selling privately will still save a lot in commission fees.
This real estate commission calculator tool will help you work out the approximate standard commission fees for various real estate agents throughout New Zealand. This is approximately how much it will cost in total (commission fees plus administration charges) to sell your property using a real estate agency. Commission guide results include GST.
Selling property privately in New Zealand is considerably cheaper than using a real estate agent. Besides other benefits such as the home owner being in control of the sale process and knowing their own property, the overall costs associated with selling property privately are typically as follows:
The main cost is usually the online property listing with TradeMe, the signage etc is relatively cheap. Some home owners opt for a larger sign, more open home signs, a brochure holder or other real estate signs or products, however these options typically only add about $100 more to the overall price. Budget anywhere between $600 to $800 inc GST to sell privately (including the Trademe listing) and compare this with what a real estate agent would charge. A solicitor would be used if selling a property privately or via a real estate agency so not much difference in cost for their services.
Just use the real estate commission fees calculator to get an idea of how much it is to sell your home through a real estate company, and then compare that with the estimated costs above.