Planning to sell? The hidden costs that can eat into your profits

Even with tough market conditions, the spring months often remain the busiest time for buying and selling, with many homeowners making the leap and listing their home.There is no doubt that buying a home is one of the life’s biggest purchases, but for a vendor, what are some of the hidden costs one should expect to encounter during the sale of a property?Juggling the costs of refinancing, paying a loan to buy your new home while waiting for your current to sell, building inspections and getting your home up to scratch in preparation to sell are among the long list of costs associated with selling.Spending money to make moneyBuyers agent and Propertybuyer chief executive Rich Harvey said marketing fees associated with selling a home were sometimes misunderstood by vendors, and the cost could range anywhere from as little as $1000 up to $10,000.“What I would say to people is, you can't sell a secret. You don't want to go over the top. But again, your marketing fees are proportionate to the quality of the property,” he says. “I highly recommend you get the floor plan. You’ve got to have professional photos…and again, the question of styling versus not styling, that's a really big ques...