Selling your home can be an exciting yet daunting process, especially when you start considering the various costs involved. Understanding these expenses upfront can help you budget effectively and avoid surprises. Here’s a breakdown of the typical costs associated with selling a property, from estate agent fees to legal expenses, and how Bush & Co can assist you throughout the process. So, how much does it cost to sell your house? Read on!
1. Estate agent fees
One of the most significant costs when selling your home is the fee charged by your estate agent. Make sure you chose an estate agent who is clear with their pricing and who you feel will look after you throughout the whole process. Estate agent fees usually cover:
- Commission Rates: Estate agents typically charge a commission based on the sale price of your home. In Cambridge, this is usually around 1% plus VAT of the final sale price.
- Service Packages: Some agents offer different packages, which might include additional services such as professional photography, marketing, and enhanced listings. The cost of these packages can vary.
At Bush & Co, we offer transparent pricing and a range of service packages to suit your needs. Our comprehensive approach ensures you get the most value for your money while achieving a successful sale.
2. Legal fees
Legal fees cover the cost of hiring a solicitor or conveyancer to handle the legal aspects of the sale. These fees typically include:
- Conveyancing Fees: This covers the legal work involved in transferring the ownership of the property. Fees usually range from £800 to £1,500 plus VAT, depending on the complexity of the sale.
- Disbursements: Additional costs may include fees for property searches, obtaining a property title, and other administrative tasks. These can add up to £200 to £500.
At Bush & Co we can put you in touch with solicitors who provide competitive rates and efficient service. We want to ensure a smooth and hassle-free transaction to make selling your home as easy as possible.
3. Energy performance certificate (EPC)
An Energy Performance Certificate (EPC) is required by law when selling a property. It provides potential buyers with information about your home’s energy efficiency. The cost for an EPC is typically between £60 and £120.
Bush & Co can help you arrange for an EPC through our trusted suppliers to ensure your property is compliant with current regulations.
4. Home repairs and improvements
To make your home more attractive to buyers, you might need to invest in repairs or improvements. This is particularly important if you’re looking for a fast sale as buyers are often looking for properties they can move straight into. Common costs include:
- Repairs: Fixing minor issues such as leaky taps, broken tiles, or peeling paint. Costs can vary widely depending on the extent of the repairs.
- Home Staging: If you choose to stage your home to enhance its appeal, this can cost anywhere from £500 to £2,000 depending on the level of staging required.
Bush & Co can offer advice on cost-effective improvements and repairs that can enhance your home’s appeal and potentially increase its market value — we also have some top tips on kerb appeal that you can read now!
5. Removal costs
Once your home is sold, you’ll need to budget for removal costs. Depending on your budget you can hire a van yourself to keep costs low or use a removal company who can take care of everything for you. This includes:
- Moving Company Fees: Hiring a removal company costs upwards of £300 depending on the distance and size of your move.
- Packing Materials: You may need to purchase boxes, packing materials, and other supplies.
Our network includes reliable moving companies that can offer competitive rates and ensure a smooth transition to your new home.
6. Additional costs
Other potential costs to consider include:
- Mortgage Exit Fees: If you have an existing mortgage, you might incur early repayment charges or exit fees.
- Taxes: Depending on the sale price and your circumstances, you may need to pay Capital Gains Tax. Consult with a tax advisor to understand your potential liabilities.
How Bush & Co can help
Once you’ve answered the question “how much does it cost to sell your house?”, you may be ready to proceed with the sale. At Bush & Co, we aim to make the selling process as straightforward and cost-effective as possible. Our services include:
- Expert Valuation: We provide an accurate and competitive valuation to help you price your property correctly and attract buyers.
- Comprehensive Marketing: Our full-service marketing package ensures your property stands out and reaches the right audience, helping you achieve the best possible sale price.
- Transparent Fees: We offer clear and transparent pricing, with no hidden fees, so you know exactly what to expect.
What moves you, moves us. At Bush & Co, we understand the importance of a smooth selling process and are dedicated to helping you navigate the costs and complexities with ease. Contact us today to learn how our expertise can support you through every step of your home sale, ensuring a successful and financially rewarding transaction.
