Costs of selling a property. Part 3: Legals

The third instalment in a three part series outlining the costs involved in selling a rural property.

When you put your property on the market, you are often selling the most important asset that you own. You need the sale to proceed smoothly and a qualified solicitor with experience in the rural property sector can play an important part in ensuring this happens.

Rural Property NSW recommends that you engage a professional with suitable rural experience and with whom you can communicate effectively. There is considerable variation in the amount charged, ranging from a flat fee through to a percentage of the purchase price. You might pay a minimum of about $5,000 on a small property, while large aggregate properties can incur legal fees in the tens of thousands of dollars.

It’s very difficult to be more precise about legal costs in general terms. We encourage prospective vendors to obtain quotes and to carefully consider their choice. Like insurance, solid legal advice can be crucial when times get tough.

Costs of selling a property. Part 3: Legals

The third instalment in a three part series outlining the costs involved in selling a rural property.

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