Overview of Fees When Selling a House in The UK

You may disagree with me, but selling fees house in the UK can make the whole process costlier for you. There are so many agencies and outside factors involved in the process that demand fees to sell a house.  If you choose to do a little research, you can easily prepare for these fees and plan your budget accordingly. Today we will help you to find out the fees when you choose to sell your house in the United Kingdom. Though there can be many small costs associated with the sale of a house, we will focus only on the major fees that are mentioned below:-

Fees of Estate agency

One of the significant fees that you need to pay while selling your house is the estate agency fee. The agents can charge anywhere from 1% to 3% depending on the location of your property. They also charge additional taxes such as VAT while you make these payments to them. For example, if the price of your house is £200,000 then, you may have to pay an estate agent fee that can range from £1,000 to £3,000. In localities like London, you may have to pay up to £10,000 as a fee to agents due to high price trends in the area.

Removal costs

Most of the sellers forget to consider the removal costs as a fee to sell a house while making the calculations for the budgets. You have to pay costs for transporting your furniture and other belongings from the old house and the amount you need to pay depends on the distance of your new house. We will suggest using the packing services after making a comparison for price quotes by them. You can also reduce these costs by buying second-hand packing boxes from your local newsagents or supermarket.

Solicitor’s fees

It is common to hire the services of solicitors during the process of selling the house to answer the legal issues involved in the process. A solicitor or licensed conveyancer will act on your behalf making sure to deal with such legal issues. Apart from paying the selling fee house for stamp duties, paperwork and searches you have to consider the fee for the solicitor that you hire. The fee of the solicitor depends on the complexity of your sale procedure and you can expect to pay around £500 to £1,000 depending on the situation. You can also consider hiring solicitors from outside the localities to get the best deals.

Other unexpected costs

In addition to the above fee to sell a home, you may have to incur other costs such as energy performance certificate fee, inspection fee, mail redirection services, and nay more. You have to examine all these fees carefully before deciding your budget to sell a house in the United Kingdom.

If you need additional information about the fees when selling a house, then you can choose a free consultation about it by visiting the official website of Property Classified. You can also list your property on this website to ensure quick sales.