Although you’re going to get a substantial amount of money from selling a property, this doesn’t mean that you’re not going to have to pay quite a bit of money in order to make the sale a reality. Before you sell a property, you should consider all the costs and potential expenses that you will have to pay. Some of them you may be able to pay after the property has been sold, but others will need to be paid upfront and may be non-refundable.

  1. Estate agent fees

This is possibly one of the largest expenses you will incur, but it’s difficult to sell your property without the help of an estate agent. Nowadays, there are more online estate agents which are popping up in different areas around the country, and they are mainly for people who don’t mind doing some admin, such as uploading photographs of the property and updating the description. This means that you can advertise and sell your home without paying as much money, but you could have less support, so you need to decide which method works best for you.

  1. Certificates and paperwork

You may be required to get certain certificates in order to sell the property. Certificates relating to the energy performance of the property or the gas are very important, and depending on where you live they could be required by law. Property certificates are an important part of selling any property, and you should always keep a copy for yourself. While an estate agent can help you to work out which certificates you do and don’t need, you should always check for yourself to make sure that you’ve covered all bases and you’ve compiled with the national and local laws for selling a property.

  1. Conveyancing and legal fees

This is the one part of selling a property that you can’t really do all by yourself. You need a solicitor or other type of legal representative to help you with the exchange of sale and getting the money from the sale of your property. Different companies will charge you different amounts – some solicitors will charge a fixed fee while others will take a percentage of the sale price. You should check this beforehand so that you know how much money you will be paying.

  1. Cost of removals

When you’ve paid for all the paperwork and the legal side of selling the property, it’s time to think about the cost of getting all of your belongings out of the building. As well as hiring a company to help you remove rubbish and things that you don’t need anymore, you will potentially need help with taking large pieces of furniture from one property to another. In order to keep the costs down with this, search for removal companies in your local area and get several quotes. Some of them might be happy to beat other quotes that you’ve got, so don’t be afraid of bartering a little bit to save some money.

Categories: Property

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