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Costs Associated with Selling Your Home

Moving house is considered to be one of the most stressful life events a person can go through. There is a lot to do and a great deal of stress and anticipation as you wait to exchange contracts and complete, this is why a good estate agent like DistriktOnline.co.uk is essential.

The costs associated with moving home can be many and varied, when you are moving home these costs need to be budgeted for. With a number of fees potentially waiting for you, here are some of the costs you can expect when selling your home:

Estate Agent Fees

Traditional estate agent fees are often large and are one of the costs that need to be paid when you sell your home. Traditional estate agent fees will vary depending on who you go with, but they usually ask for 1-3.5% of the total sale price.

As an online, but local, estate agent Distrikt Online offers a fixed fee option for selling your home. With all the benefits of estate agents including listing your home for sale on the mainstream property portals like Rightmove and Zoopla, but without the price tag, this is a modern and popular way to save money when selling your home. You can sell your home from only £500!

Energy Performance Certificates (EPC)

If you are selling your home, you need to be able to produce an EPC for your potential buyers. This lets them known how energy efficient your home is, with A being the highest and most efficient grade, and G being the lowest and most inefficient. These will always be carried out by licensed and accredited inspectors and can be done through the estate agent if you with. The cost usually varies between £50 and £120.

Conveyancing Fees

You will need to hire a solicitor or a licensed conveyancer to deal with the legalities and documentation when it comes to selling your home. They are incredibly helpful as they take a lot of the pressure off of your shoulders and deal with the complicated aspects of selling your house. Usually, they will either charge a flat or a percentage of the property value. You should expect to pay between £500 and £1500 for a solicitor or licensed conveyancer.

Stamp Duty

You can expect to pay stamp duty on homes that are priced over £125,000. Anything under that cost, and you will be exempt from the tax. It is a land tax that has several different bands depending on the price you pay for a home. The good news is that sellers are exempt from this tax, as it is the responsibility of the buyer to pay it.

Costs when selling your home

It’s easy for the costs associated with selling your home to build up, but in the big scheme of things you don’t have a great deal to pay out in the end. Once your home is sold and the estate agents/solicitors are paid, the only things you have to focus on purchasing are a moving van and maybe some furniture for your new home. Selling you home is often quick and easy, and the costs don’t add up to all that much in the end.

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