Selling your house comes with costs, and it’s essential to understand what they entail to budget effectively. Here, we’ll break down all the expenses associated with selling a house and share tips on how to minimize them using My Property File.
1. Estate Agent Fee
Typically, estate agent fees make up a significant portion of the costs. On average, this fee is around 1.42%, including VAT, which can amount to approximately £4,000 for a house valued at £285,000. While they may seem pricey, there are alternative options to explore.
How My Property File Can Help: My Property File offers cost-effective solutions, potentially saving you thousands on estate agent fees. We provide online estate agent services with free packages or significantly reduced fees compared to traditional high street agents. While some services are stripped down, you can choose to pay for additional services like photography and floor plans as needed.
2. Energy Performance Certificate (EPC)
Selling a property in the UK requires an Energy Performance Certificate (EPC), which can cost between £60 and £120 for renewal.
How My Property File Can Help: If you’ve had an EPC done within the last ten years, you can reuse it, effectively making this cost zero.
3. Conveyancing Fees
Conveyancing fees cover all legal aspects of the sale and can range from £600 to £1,200. If you’re selling a leasehold property, the costs might be higher.
How My Property File Can Help: While you could conduct conveyancing yourself, it’s a complex process requiring a deep understanding of property law and a significant time commitment. My Property File can connect you with trusted professionals to ensure a smooth and secure sale.
4. Removal Costs
Removal costs vary based on your house’s size and the distance you’re moving. They can range from £350 to £2,250, depending on the complexity of the move.
How My Property File Can Help: With careful planning and assistance from friends and family, you can potentially handle removals yourself, reducing or eliminating this cost. Alternatively, My Property File can help source low-cost removal companies for you.
5. Additional Extras
Additional costs might include an indemnity policy, capital gains tax, or home repairs, depending on your situation.
How My Property File Can Help: My Property File can guide you through these potential extras and offer tailored solutions to minimize these costs.
Reducing House Selling Costs to £0.00 with My Property File
My Property File offers a unique approach to selling your property with no upfront costs. Here’s how it works:
- Cash Advance: My Property File provides a cash advance to cover various expenses, including removal costs. While we won’t physically move your belongings, we can help you source low-cost removal companies and provide the funds to pay for it all.
- Hassle-Free Process: We handle all the complicated legalities, ensuring a smooth and rapid sale without the typical delays associated with traditional property sales.
- Property Condition: We buy properties in any condition, so there’s no need to invest in costly repairs or renovations before selling.
- Transparent Process: My Property File operates with full transparency, promising no hidden costs. You won’t need to deal with legal fees, estate agent commissions, or EPC expenses.
Learn More About My Property File
Discover how My Property File can help you minimize house selling costs while ensuring a hassle-free and efficient sale. Get in touch with us today to fast-forward to a sold property with confidence.