Tue 06 Dec 2016 View all news articles

Costs to consider when selling your home

So you have made the decision to sell your home! It can be a daunting experience with many factors to consider, however one thing you will want more clarity on is the costs and fees involved. By taking these costs into consideration now, you are giving yourself a greater chance of avoiding any unpleasant surprises further down the road. 

Here are some factors to consider:

Estate agency fees
This cost will vary depending on the rate charged by the estate agent you decide to use. Our short advice would be – don’t make your decision based only on price. It’s certainly worth your while finding out more about the agents’ knowledge and expertise, and how they are to go about selling your home. Use this little tip identify on Rightmove how to choose the best estate agent to sell your property.

Energy Performance Certificate
Unfortunately this is not a cost you can simply avoid. It is a requirement for home sellers to provide an EPC for the property to potential buyers. This provides buyers with details of the energy efficiency for your home. 

Solicitor/conveyancing fees
The conveyancing process can appear a little complicated, but a good solicitor or conveyancer will keep you updated. A solicitor/legal conveyancer deals with the legal side of your property sale. Your estate agent will usually be able to recommend a solicitor for you, but it certainly doesn’t hurt to do your research first and find out more about their costs and services.

Mortgage advisor
If you are buying a new property while you are selling your home, a good mortgage advisor will help you get the best deal on your property purchase. Contact us for details of our recommended mortgage advisor.

Stamp duty
If you are buying a new home, you will have to pay stamp duty if your property value is over £125,000. Find out more about stamp duty costs here.

Calculate Your Stamp Duty

Property is a buy to let or second home
Calculate Stamp Duty
 

Redecorating
It depends on how smartly presented the home is which you are trying to sell, but if there are noticeable issues with your property, i.e. outside painting is desperately required, areas of the home need fixing, experience tells us that it is better to get these things finished off before putting your property on the market. Your home has to be appealing to buyers, and these steps would certainly be worthwhile. Read our DIY tips to make buyers take notice of your home here.

Removal costs
If you are moving to a new home, make sure you consider moving costs. This will depend on how much you need to move and the distance required. It's a good idea to try and book this early as they do tend to book up fast. It is also worthwhile comparing prices with a few companies and maybe check some Google reviews to see what previous customers say. You want to make sure your belongings are handled with care of course!

Storage
Storage may or may not be required, but may be worth considering if, for example, you have sold your property but have to wait for a period of time before you can move into your new home. It may be worth tentatively enquiring about storage costs at an earlier stage so you can budget how much you can expect to pay should you require storage.

If you require any further help or advice, contact your local branch today and we would be delighted to help.

As leading Wirral estate agents and lettings agents we have plenty to talk about and like to give our opinions on a few things too! Read about what we have to say, our latest news and industry news.