Fees for selling a house explained

Selling a house takes time, money and effort. In fact moving home is so stressful that along with the coping with bereavement and getting divorced, it's counted as one of the top three most stressful events in our lives. The fees for selling a house are expensive but don't make the mistake of paying whatever your estate agent asks for. We'll outline the charges you can expect when you use a reasonable estate agent.
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Estate agent fees

The vast majority of estate agents work their fees out as a percentage of the property’s sale price. Normally this is between 1.5% and 2.25%. It’s called the “rate of commission” and it should cover all of the costs associated with the sale, so there shouldn’t be any extra charges for advertising or VAT.

Sell without an estate agent

If you sell your property without the help of an estate agent, you’ll save a lot of cash but you’ll need to find the money to cover costs like advertising. Your time will also be taken up preparing the advert, dealing with enquiries and showing people around the property, so unless you’re retired or self-employed with little work on, the money saved on estate agent fees could be less than the money you could have earned in that period.

Energy Performance Certificates

Whether you use an estate agent or not, this is a fee that has to be covered comes when selling a property. If you’re selling your home, you have to provide an Energy Performance Certificate (EPC) to potential buyers free of charge but you’ll need to pay between £60 and £120 to get the certificate. If you don't get the certificate, you'll be fined. When you’re ready to sell, check out the relevant section on gov.uk.

Final word

Thankfully the Stamp Duty, which is payable on properties worth more than £125,000, is a fee that the buyer has to cover.

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