Can You Cut The Cost Of Selling A House?

 

Selling a house is inevitable in many respects. The average person moves between eight to ten times in a lifetime, which is a lot. If you’re only at stage three or four, that means you’re halfway through the process. So, putting a property up for sale shouldn’t come as a shock.

What will be a surprise is the cost. Sure, buying a home is expensive, but getting rid of one shouldn’t be this pricey. After all, there are fees for everything from taxes to legal aid and estate agent charges. In the end, a seller may fork out as much £5,000 in total.

If you want to keep the expenses to a minimum, follow the advice underneath.

Cover Solicitor Fees

A legal representative is essential as he or she will be able to go over the contract and ensure the deal is watertight. However, they are by no means cheap and a couple of hours of their time may set you back hundreds of pounds. Thankfully, some buyers will throw in the legal costs as part of the bargain. Not too many people or businesses that say “we buy your home” will do this, yet WBP is different. Choose them and there is no need to worry about legal payments. Alternatively, the government may provide aid if you’re struggling financially.

Get A Valuation

Because of the rates, some sellers decide against a valuation. They know how much to charge for their home and don’t need to ask a specialist for advice. The problem with this logic is that you don’t have any expertise in the area. Yes, some properties in the neighbourhood are excellent guides, but every house is different. Paying for a valuation, then, can save money by avoiding under and overcharging. At least you’ll get a great price as well as interest from buyers who will make concrete offers.

Fix The Problems

Plenty of homeowners provide a warranty to ensure a buyer has peace of mind. Without one, they may not trust you and there will be fewer people who make a bid. In this case, there is no point in leaving repairs. After all, they’re still your problem because of the guarantee. Rather than going back to fix them and spending more money, it’s better to do them ASAP. You can do them yourself rather than hiring a contractor, something the new owner may not let you do if they prefer a professional.

 

Haggle

Your estate agent will get a cut of the action for helping to sell the property. However, how much they receive is negotiable. The standard 5% is only a guideline. If you want to save money, it may be better to haggle over their rate before signing on the dotted line. For example, instead of giving them a percentage of the property price, you can offer a flat rate. Because the money is guaranteed, they will be likely to accept and take a cut.

The answer is yes you can cut the cost of selling a house. All you need to do is shop around for a quality deal and be proactive.

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Lynn Beattie

Aka Mrs MummyPenny

Personal Finance Expert

I write about personal finance made simple, lifestyle choices that will save you time and money, as well as products and services that offer great value.

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