Estate agent fees have to be paid
The work of your estate agent is vital in selling your home, so this is a cost you need to bear. However, not all agents charge the same fee or even charge in the same manner. You must know what your budget is, and that you find out what you need from an agent.
Once you know how much you can afford to spend, and what you need from an agent, you can make an informed decision regarding how much you can spend on an agent. Agent fees can vary between 0.75% and 3% of the agreed sales price, with VAT on top as well, so it can cost you a considerable amount of money.
While some people advocate the use of online estate agents, you need to question the value for money aspect of this service. Yes, the lower price is appealing, but many online agents fail to provide you with the services you need to sell your home quickly and for the best possible price.
A short-term saving is of interest, but in the long-term, you need to focus on ways to make the most of your money.
Conveyancing fees need to be taken care of
You’ll have conveyancing fees to take care of, and these come in different shapes and sizes. Sometimes the cost is linked to the property value, whereas other agents charge on a fixed fee or hourly basis. Ideally, avoid professionals who charge you on an hourly basis for this service.
There is a lot of important work involved in the conveyancing process, so you need to find a suitable professional. However, make sure you get the support you need and whether these are included in the service, or whether they are hidden fees you need to take care of at a later date.
Additional tasks not always covered by a conveyancer in their standard service include phone calls, photocopying, stamp duty tax returns, liaising with lenders and leaseholders.
Moving home costs money
Don’t forget to budget for the cost of moving home. You may be fortunate enough to have friends and family members who can help you move, but if you need to hire a removals company, this costs money. Draw up a budget and get a range of quotes from removals companies before you commit to one provider.
At Austin Property Services, we know selling your home is a complicated process. It can also be a costly process. We are here to provide you with support and service that gives you the best chance of selling your home effectively and efficiently.