Costs of Selling

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Costs of Selling a House

There are two main costs incurred in selling a house, firstly the cost in finding a buyer, and secondly the legal costs.

You have two options:

Estate Agent Fee
1% to 2% of your property's value (+VAT, add an extra 17.5%).
Estate Agent fees can vary, so it is worth shopping about. Examine what services they provide before deciding whether to use one or not. You will typically pay anything from £2,000 upwards.
Selling Privately
Selling privately used to be very difficult due to the cost of advertising to a wide enough audience. However in 1996, HouseWeb created the online marketplace for selling privately on the Internet. You can advertise your property to hundreds of thousands of house hunters on HouseWeb for as low as £40 (+VAT) with no commission or extra fees. Click here to find out more.

Solicitor Fees
Estimate around £500 (+VAT).
Check out the tasks they provide. You may wish to consider Conveyancers as an alternative option.

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