There can be many unexpected costs involved when selling a house.
There are many costs that are overlooked when it comes to selling a house. However, there are factors that you’ll need to budget for if you’re going down the route of selling your house with an estate agent. Here you can learn of the key costs to consider when calculating the cost of selling your home.
Estate Agent Fees
Many people turn to the services of an estate agent when they’re trying to sell their home, and it’s no wonder why: It seems much easier than trying to sell privately. But, did you know that there are charges that come hand in hand?
Whilst charges vary between agents, it’s estimated that they take 1% – 3% of the selling price. Online estate agents are generally cheaper than high street agents, yet still charge fixed fees of between £400 and £1000. These online agents may provide a full service or they may require for you to arrange and conduct viewings whilst you pay for your property to be advertised.
Energy Performance Certificates
When selling your house, you need to provide prospective buyers with an energy performance certificate (EPC) for the property. This certificate details information about the property’s energy efficiency which is graded from A to G, with A being the most efficient and G the least.
EPCs are carried out by accredited domestic energy assessors. You can arrange for an EPC to be done through your estate agent, although it’s a lot cheaper to arrange one independently. Expect to pay between £60 and £120 to get your property on the EPC register.
In order to deal with the legal aspects of selling your property, youâ€™ll need to hire a solicitor or licensed conveyancer. They will either charge you a flat fee or a percentage of the property’s value.
As a guide, you can expect to pay between £500 and £1,500; the exact cost depends on how complex the transaction is. If you’re buying a property, you can often use the same solicitor to deal with that transaction too, in which case you can negotiate fees accordingly.
Sell Your Property with Mark King
Alternatively, avoid all the above charges by selling your house through a property cash buyer like Mark King.
There are no estate agents involved; therefore, fees in this field are completely removed from the equation. Mark King will pay for your EPC so you don’t have to, and in addition to completing the sale, your legal fees will be accounted for based on using a preferred client solicitor.
If you’ve ever wondered how to sell a house quick, Mark King is your answer. His process is efficient and wont cost you a penny. Call 0800 169 4077 for free for more information.