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How Much Does It Cost To Sell A House?

the word 'costs' written on a blackboard

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.

Advertising

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.

High street estate agent

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

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

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

Total average costs

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.

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

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

Why not consider The Property Buying Company?

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.

The Property Buying Company

Agency fees

£0

Conveyancing fee

£0

EPC

£0

Removals/Clearing

£400 - £1,200/£0

Total

£400 - £1,200/£0

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