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So you want to sell your home? B Estates has put together this guide to selling your house.
There are a number of costs and fees associated with selling a house that you will need to factor into your budget.
Doing this now will help ensure there are no nasty surprises further down the line. If you are also buying a house at the same time as selling, then also review the buying costs. Your Move has a team of Financial Consultants who can help you calculate these costs.
Here are six of the top costs to look out for:
1. Estate Agent fees
Estate Agency fees include advertising your property and conducting viewings, as well as liaising with other parties involved to get the sale to completion.
2. Mortgage exit fees
Check whether there are any penalties for leaving your mortgage early. You may incur an exit fee or an early repayment charge.
In England and Wales it is necessary for a seller to provide an EPC for the property to potential buyers. This document sets out the energy efficiency of the home, “A” being the most efficient and “G” being the least efficient. Your Move can organise this for you.
4. Home Reports
In Scotland sellers are required to provide a Home Report to buyers. The Home Report includes three separate reports; a Property Questionnaire; a Single Survey; and an Energy Report.
5. Conveyancing fees
A solicitor or legal conveyancer will deal with the legal aspects of selling your property, this is called conveyancing. The cost will depend on the sale value of your property, but is considerably lower than fees involved when buying a property.
6. Removal costs
If you are moving to a new home don’t forget to factor in moving costs. The cost will vary depending on how much you are moving and how far you are moving. Get two or three quotes and look at customer reviews to choose the most suitable removal firm for your needs.
Buyers can often struggle to see past heaps of furniture and personal items, and they can make rooms feel small. Consider renting some external storage space to house items until you move. But try to strike a balance – remember people often buy into a lifestyle. Try and show them your home life at its best.
2. A fresh lick of paint
Try to step back and look at your home objectively. Right now, selling your house – and not your attachment to a particular wallpaper design – is the priority. Consider if areas can be tidied up by a quick lick of paint. Don’t go overboard though – it’s good for property’s to show some personality, rather than feeling like empty white boxes. A splash of colour to one feature wall can be really effective.
3. First impressions count
Buyers will often drive past a property to rate its curb appeal before they express any interest. Tidy up the garden or driveway, clean the windows, and give the front door a spruce with some fresh paint.
4. Fix, fix, fix
Small outstanding repairs can be easy to ignore when you see them every day, but when a buyer comes to look around your property they can make the place look really tired. Look around every room in your house, make a list of quick-fixes and get them sorted.
5. Spruce up your garden
Now more than ever buyers are looking for outdoor space, whether it’s a large lawn for the kids to play on or a small cottage garden to enjoy a glass of wine on an evening. Weeding, cutting the grass, and adding a few decorate touches are simple, cost effective ways to make the most of the outdoor space and your house even more appealing.
Here at B Estates we will assist you all the way in selling your property for the best price in the shortest time possible. Please feel free to contact us in order to make an appointment.