How Much Does It Cost To Sell A House?

Written by Myles Hemingway

Myles is our self-confessed ‘word nerd’ and property geek. You’ll find him mythbusting everything from mortgages to maisonettes, as well as giving you our spin on the latest property news and industry trends.

The costs to selling a house vary hugely as many factors come in to play; how you advertise your property, which conveyancer you choose, removal costs, and more.

What you will find out on this page

  • The average cost of selling your house
  • What options you have & what they cost
  • The cost of conveyancing
  • An alternative way to sell for free


This article is quite long, and we understand you may have a specific query about the cost of a certain aspect, or you simply might just want to jump to the end. Use the navigation below to jump to the section that best answers your query:


So lets get on with the article! Keep reading to find out more

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Your Sale Option Costs

For someone to know your property is for sale, you'll first need to advertise it. The way you go about doing this is your choice, and there are pros and cons to whichever route you take.

If you don't have much spare time or don't feel comfortable to hold viewings with potential buyers yourself, you can have an estate agent do it for you. This will of course cost you money, but the amount will vary. It's likely to be cheaper to use an online estate agent, or bypass the open market altogether and sell to a cash property buying company.

Basic Cost Overview

There are a few costs involved if you choose to sell through the traditional estate agents route. Let's start with the basic ones:

  • EPC - the energy performance certificate costs between £35 and £150 plus VAT
  • Estate agent fees - these vary between 0.5% to 3% of the sale price, plus VAT
  • Conveyancing fees - costs between £550 to £1,000, this includes VAT
  • Removal costs - to remove the contents of your home, you could look at paying £250 to £4,000 plus VAT

High street estate agent cost

Here we take a more in depth look at the high street agent option, you'll find that high street agents are often much more expensive than online agents. However, this can vary dependent the value of the house you're selling as estate agents charge on a percentage of the agreed sale price, usually between 0.75% - 3%. This means you don't need to pay anything if your property doesn't sell. For example, if you sold a house at £100,000 and the charge was 1%, you'd pay £1,000 to the etate agent. If you sold a house at £500,000, at the same charge you would be paying the estate agent five times the amount, at £5,000.

Online estate agent cost

Online estate agents can be cheaper and they usually charge a fixed fee. Sometimes they charge upfront, but not always. The costs vary from £99 to £1,695, so if you sold a property at the UK average of £226,000, it could result in savings of over £6,000 compared to a high street agent.

Conveyancing Costs

Your estate agent will often suggest a solicitor, but these aren't always the best option. Sometimes they will recommend a solicitor they have an agreement with and it could cost you more.

According to the Homeownes' Alliance, solicitors can charge £500 to £1,500 on legal fees. However, this doesn't include other charges which could total up to around £623:

  • Title deeds: £25
  • Property fraud fee: £10
  • Transferring ownership: £200 - £300
  • Bank or telegraphic transfer: £20 - £30
  • Money-laundering checks: £8pp
  • Searches: £250


Extra costs to consider

There are also some more costs which could be involved, but you'd have to see if these are applicable to you:

  • Preparing your house for sale - price varies
  • Mortgage exit fee (MEAF) - costing between £50 and £300
  • Early mortgage repayment charge - usually 1% to 5% loan amount
  • Incentives
  • Capital Gains Tax (CGT)
  • Home report (if you live in Scotland) - typically costs between £100 and £1,000 plus VAT


What is the average price for selling a house?

The costs we've already covered may be some of the most expensive, but don't cover everything. You'll want to be sure to calculate all the costs to selling before you go ahead.

Fees
Online agent
High street agent
Agency fees
£99 - £1,695
£2,034 - £8,136
Conveyancing fee
£500 - £1,500
£500 - £1,500
EPC
£35 - £120
£35 - £120
Removals
£400 - £1,200
£400 - £1,200
Total
£1,034 - £4,515
£2,696 - £10,956


Money Saving Expert claim that based on the average sale price of a property in the UK of £226,000, above are the costs you can expect to sell (correct as of March 2018).

An alternative sales option (free)

At The Property Buying Company, we can buy your home fast, with no agency, legal, or EPC fees. We can even clear any unwanted items from your home for free. We'll buy your house in as little as 7 days, being cash buyers the whole process is quick and simple, we can handle everything for you and take the hassle out of the sale completely.

Get a FREE no obligation cash offer on your property

Get Started

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