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According to Barclays the estimated average cost of moving house in the UK is £8,885. This is an unsightly figure when you consider the money you may have spent renovating your house to sell and potentially purchasing a new property. This is one of the primary reasons as to why many of our customers choose to sell with us. We can sell your house for free and, with two fully managed routes to sale, you can be safe in the knowledge that the process will be tailored to your requirements.
If you’re sitting at home wondering why selling your home is so expensive, we highlight the costs below. Some of the most common expenditures are:
Today there are different ways to sell your home. The traditional estate agent is still a popular choice. However, online estate agents and property buying companies are beginning to rival the high street agent. This is because they offer very low costs when it comes to selling compared to high street estate agents.
Estate agents typically charge between 0.75% and 3% on the final sale price of your home. The average is 1.5%. This means if you sold a house for £300,000 the estate agent would earn £4,500 from your sale. However, this could vary between £2,500 and £9,000 depending on the estate agent’s percentage.
When you sell your home, you’ll need the help of a solicitor to sort out the legal side of things. This is known as conveyancing and the process will help ensure the entire selling process is legitimate and abides by the rules.
The value your property sells for has an impact on the cost of conveyancing. Typically, values fall between £600 and £1500. Some estate agents will allow you to shop around and get quotes from different solicitors of conveyancers. You will need to check whether the cost given to you covers VAT, search fees and Land Registry fees.
If you sell your home with SOLD.CO.UK you won’t have to pay a penny in legal fees, we cover the cost for you.
Depending on when you bought your home you may have a valid EPC certificate. Every home in the UK is required to have one as they rate the energy efficiency of your home. They last for 10 years so it’s worth checking if yours is still in date. If not, you can visit the government website to find a registered energy assessor in your area. Prices between testers range between £50 and £120 so it is worth shopping around.
If you’re selling your home it is considered common courtesy to ensure the property is clean before you leave. This is the norm with estate agents, as it is likely a new family will be moving into your home when you leave. It can save you a lot of time and stress to hire a professional cleaner to thoroughly go over your property once you have moved out. However, SOLD.CO.UK can operate as a cash house buyer, so we will happily purchase your home regardless of the condition it is in.
When you have sold your home and it comes time to leave, having a removals company in place to help will save you a lot of hassle. However, if you don’t have a lot of stuff, a man-with-a-van or hiring your own vehicle may be appropriate. The cost will inevitably vary depending on how hands-on you intend and whether you need help packing or storage.