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How much does it cost to sell your home? There is a raft of expenses associated with putting your home on the market. Bush & Co gives an overview of what’s involved
S elling your home can be an exciting yet daunting process, especially when you start considering the various costs involved. Understanding all these expenses up front can help you budget and avoid surprises. Here’s a breakdown of the typical costs, and how Bush & Co can assist you throughout the process. 1. Estate agent fees Make sure you choose an estate agent who is clear with their pricing from the outset. Fees usually cover commission, which is based on the sale price of your home (in Cambridge, around 1% plus VAT of the final sale price). Service packages such as
professional photography, marketing and enhanced listings can also be charged, and prices can vary. 2. Legal fees These fees typically include the cost of the legal work (conveyancing) involved in transferring the ownership of the property, ranging from £1,500-£2,000 plus VAT depending on the complexity of the sale. 3. Energy performance certificate (EPC) Provision of an EPC is required by law when selling a property. It supplies potential buyers with information about
your home’s energy efficiency and costs between £60-£120. 4. Home repairs and improvements For a smoother sale, it pays to keep the property in excellent, walk-in condition. The cost of minor repairs such as leaky taps, broken tiles or peeling paint can vary widely depending on the extent of damage and number of repairs needed. 5. Removal costs Once your home is sold, you’ll need to consider removal costs. Depending on your budget, you can hire a van yourself to keep costs low or use a removal company who will take care of everything for you from around £1,000+, depending on the distance and scale of your move. You might also need to purchase boxes, packing materials and other supplies. 6. Additional costs Other potential costs might include a mortgage exit fee, if you’re downsizing and able to pay off your mortgage early, stamp duty land tax and capital gains tax, depending on the sale price and your specific circumstances. Once you’ve worked out how to budget for your sale, you might be ready to proceed with the selling process. Bush & Co aims to make this as straightforward and cost- effective as possible for its clients, with a clear and transparent pricing strategy and no hidden fees, so you always know exactly what to expect.
MOVING ON UP Bush & Co can advise you on the costs involved in selling your house
Contact Bush & Co on 01223 246262 or sales@bushandco.co.uk
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