Thinking about your finances when selling

You’ll need to budget for a number of costs when you’re planning to sell your property, especially if you are buying another property at the same time.

Summary of important things to know
  • Bridging finance is helpful if you are buying a new home before selling your current property, but be aware of the cost and risks.

  • The real estate agent’s commission is usually paid from the purchase deposit the buyer pays when you sign the sale and purchase agreement.

  • The remaining price is paid on settlement day, usually to your lawyer or conveyancer who will arrange settlement.

  • You need to check with IRD if there is any tax to pay on the sale of your property.

  • There are additional costs such as legal fees, advertising and moving expenses to budget for when selling.


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