So what are the costs of selling a home?
There are many reasons why people choose to sell their home. They may want a larger or more family friendly property. They may have to move for work commitments. They may wish to downsize after retirement or after the children have left home. They may have to move as the result of redundancy or a drop in income.
Whatever the reason there are significant costs of selling a home. So it pays to be aware of them in advance and to shop around to get the best deal.
Estate agents fees
If you follow the traditional route estate agents fees will be the single biggest cost in selling your home. A traditional high street estate agent will charge anywhere between 1% and 4% on the sale price of your property. On an average property of £250,000 this will mean a fee of between £2500 and £10000.
If you choose a traditional agent it pays to shop around and negotiate hard when it comes to their fee as it could save you thousands. However there are several much cheaper options which could significantly reduce the costs of selling a home.
You could advertise privately. If you sell your house using the many free web sites available it could save you a fortune. However, you will not reach the majority of potential buyers using this method. You may get lucky but, in reality you need to advertise your property to a much wider market.
The ideal solution is to sell your home through an online estate agent like Zevizo Properties. This will give you the professional service and the advertising muscle you need but will significantly reduce the costs of selling your home. Zevizo Properties charge fees from as little as £445 plus VAT. You will receive exactly the same service as the high street but on an average property you will save yourself anything between £2100 and £9600.
Solicitor’s fees add to the costs of selling a home. Both parties involved in the sale of a property need to engage legal services to handle the sale. However it does not need to be a solicitor. A licensed conveyancer will be able to handle the process and costs can vary widely. Legal fees can be anywhere between £300 and £1000 for exactly the same service so make sure you shop around. A good deal on legal fees can significantly reduce the costs of selling a home.
Energy Performance Certificate (EPC)
To put your house on the market you must have an EPC. This is another additional cost in selling a home. The key here is to shop around. You will be offered EPC facilities by your estate agent. However you may find a quick search on google could land you a better deal. EPCs can cost anywhere from £30 to £100.
If you have a small property and not too much furniture and belongings you may find it quite straight forward to handle moving yourself. This way you will only have the costs of hiring a van for the day. However, bear in mind that your belongings may not be insured in transit. Most sellers have to enlist the services of a removal company. This can be a significant cost in selling a home. The price charged will vary widely depending on how much needs to be moved so you need to shop around. Even a fairly basic house move can cost the best part of £1000.
The costs of selling a home can be extremely high. Make sure you use an online estate agent and shop around for all the services needed to sell you property. You could save yourself thousands.
Bring down the cost of selling a home with us!! Zevizo Properties is a national online estate agent. We market properties on all the major property web sites and fees start from as little as £445 plus VAT.