The first thing that comes to mind is at what price the house can be sold. To determine the selling price of a house requires lot of calculations, so before determining the asking price. You have to take into account several factors and calculate the costs to be added to your asking price to be able to sell your house with reasonable gain.  You have to find out the market price of similar houses in your neighbourhood and the prices of recently sold houses in your area. The factors that should be calculated are the equity in the house, mortgage payments, insurance payments, repairing charges, brokerage if you hire the services of a real estate agent, advertising costs, legal fees and other charges.  Let us look at various costs involved in selling a house in Australia.

Agent’s Commission

1. Agent’s fee differs depending on the state or territory in which your house is located.  The sales commission usually includes search fees to check and calculate all regular charges such as land tax, water and sewerage charges are paid. This may range between 4 to 6 percent of the sales price of the property. You should compare the agent with fair amount of success and good track record and negotiate the agent’s commission.
2. The cost of advertising the sale of your property through local newspapers, on the Internet and using flyers should be added to the selling price of your house.
3. Mortgage discharge costs
4. Termite and pest certification – necessary in most states
5. You should ask for a statement of your mortgage repayments form your lender to check the figures to know the exact money to be repaid. The fees for this service can be added to the selling price of the house.
6. Charges for home repairs and refurbishing should be added to the asking price. You can arrange for home inspection for possible draw backs that may affect the sale price of your house.  You may want to repaint the house, mow the lawns and replace carpets and fixtures and may have landscaping and professional cleaning done to make the best impression on the potential buyers.
7. Insurance costs should also be added to the sale price.
8. Closing costs such as legal fees and property taxes should be paid when selling a house in Australia.  These costs usually are between 3 to 4 percent of the sale price of the house.  
9. Conveyancing costs and solicitor’s fees.
10. Moving costs for moving from the home to a new home can also be added to the selling price of your property.  This includes new appliances to be fixed at your new house, fees for storage of your belongings during the sale period, the fees for facilities like gym etc.
11. Any government fees like Capital Gain Tax depending on the state will also be added to the selling price.

It takes a lot of searching and comparing before you arrive at a probable price for selling your house.  You can also have an independent valuation of a licensed professional after assessing your property.