The overall expenses associated with selling a property may seem minor compared to the sale price, but they can add up significantly.

Often, people talk about “hidden costs,” implying fees or charges that are not immediately apparent. However, with competent property conveyancers and agents, most of these costs are transparently disclosed.

Apart from the direct costs of the sale, there are additional expenses that sellers may encounter, such as moving expenses or necessary repairs to ready the property for sale.

While these are sometimes labelled as “hidden costs,” they are more accurately described as “unexpected” or “unknown” expenses.

Nonetheless, sellers can still estimate these costs when budgeting.

Here’s a breakdown of the various expenses sellers can anticipate, ranging from preparing the property for sale to moving out:

It’s advisable for sellers to budget generously and be mindful of any penalties for non-compliance with legal requirements.