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sell houses fast

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Categories Steel Modular House

Update 2020-01-10 22:40:29

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Keep reading to discover…
  • Insider tips and secrets from serial house sellers
  • The common (and not so common) costs you’ll encounter
  • How to budget accurately and calculate your ‘net’ profit
  • And lots more…
As Recommended By …

"TheAdvisory drips in honest-to-goodness practical advice for todays house sellers"

Table of Contents
[hide]
  1. How much will it cost to sell your home?

  2. Energy performance certificates (EPC)

  3. Estate agent fees for selling

  4. Conveyancing solicitor fees

  5. Removal costs

  6. Preparing your home for sale

  7. Mortgage charges

  8. Incentives

  9. Taxes

  10. Home report (Scotland)

  11. How to calculate profit when selling a house?

  12. 3 key takeaways

  13. Related guides

Frequently Asked Questions
What do estate agents charge?

Currently in the UK the average high street estate agency fee for a ‘no sale no fee’ sole agency service is 1.18%+VAT (1.42% inc.VAT).

Who pays Stamp Duty when selling a house?

In the UK it's the buyer that pays Stamp Duty Land Tax (SDLT).

Do Purplebricks get paid based on success?

No! The Purplebricks pricing model is such that once you sign up, you will be paying their fee regardless of whether they sell your property.

How much will it cost to sell your home?

The tables below detail the basic (& potential extra) costs you’ll have to pay for.

Basic Costs When Selling A House

Item:Cost:
EPC35-150+VAT
Estate agent fees0.5%-3%+VAT (of sale price)
Conveyancing fees550-1000 (inc.VAT)
Removal costs250-4,000+VAT

Potential Extra Costs When Selling A House

Item:Cost:
Preparing house for saleDependent on work needed
Mortgage exit fee (MEAF)50-300 typical
Early mortgage repayment charge1-5% loan amount is typical
Incentivessee notes below
Capital Gains Tax (CGT)see notes below
Home Report (Scotland)100-1,000+VAT

And here’s a total cost estimate for a fairly typical sale (225k house / freehold / no mortgage / England & Wales):

Typical Total ‘Cost to Sell’ Estimate

Item:Cost:
EPC85
Estate agent fees (1.18+VAT)3,186
Conveyancing fees650
Removal costs700
TOTAL COST TO SELL:4,621

Let’s now look closer at all the basic and potential extra costs one by one…

Energy performance certificates (EPC)

Cost range: 35-150+VAT

  • This is a compulsory item for anyone selling a home.
  • You must order one before your property is placed on the market.
  • The EPC certificate contains information about how energy efficient your property is, the typical energy costs and recommendations on how to save money & reduce energy costs.
  • Only accredited assessors are able to access property and produce EPC certificates.
  • You can buy your EPC direct from providers found on the Internet, or your estate agent will be able to arrange one for you.
  • We always get ours through our selling agents because they tend to have good relations with the local energy assessors and can chase on our behalf if needed.
  • Typically we pay 75+VAT although online we’ve seen them as cheap as 35+VAT.
  • An Energy Performance Certificate (EPC) is valid for 10 years.
  • They are all stored digitally by the Government and accessed via the EPC Register website.

Estate agent fees for selling

Cost range: 0.75% 2.5%+VAT (of final sale price)

  • Between 95-97% of all house sellers use traditional high street estate agents.
  • The majority of these agents charge a percentage based commission on a ‘no sale no fee’ basis If you don’t sell, you don’t pay.
  • T

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