How Our Home Buying and Selling Calculator Works
Our buying and selling costs calculator is intuitive and easy to use. Simply enter the relevant details like the property price, location, and your specific circumstances. The calculator will then provide a detailed breakdown of the costs involved in buying or selling a property.
At Atelier Wealth, we believe in equipping you with all the tools you need to make informed decisions.
*The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change.
Buying a home is more than just paying the purchase price. Various additional expenses come into play, and our calculator is designed to give you a complete picture of these costs. Here’s what you need to consider:
1. Stamp Duty
This is a significant cost in the buying process, varying based on the property’s purchase price and location. Our calculator estimates this expense based on the latest rates and concessions available.
2. Legal and Conveyancing Fees
Legal aspects of property transfer can be intricate. Costs can come from searches, settlement fees, law firm fees, and more.
3. Loan Establishment Fees
If you’re taking out a new mortgage, costs are often involved, such as application fees, valuation fees, and possibly lender’s mortgage insurance.
4. Building and Pest Inspections
Essential for identifying potential issues with the property, these inspections can save you from future costly repairs.
5. Other Miscellaneous Costs
From moving expenses to immediate home improvements, utility connections, and council rates, these additional costs can add up.
Selling a property also involves various expenses, which our calculator helps you estimate:
1. Agent’s Commission
This is usually a percentage of the sale price and can vary.
2. Marketing Costs
Effective marketing can significantly influence the property price and time on the market. Costs include professional photography, online listings, signage, and print advertising.
3. Conveyancing and Legal Fees
Similar to buying, selling also incurs legal costs. Our calculator can take into account these fees for a comprehensive overview.
4. Mortgage Discharge Fees
If you have an existing mortgage, there may be costs associated with discharging it.