Home Cost Comparison

While selling via an estate agent may help you realize the “full market value” of your property, you will have to shell out these additional costs:

  • The average sale price is typically 7% below the original asking price.
  • Estate agent fees will cost you in the region of 2.5% + VAT.
  • The solicitor’s fee will typically be in the region of £500.
  • An average homeowner typically has to spend £1000 on Home Information Packs.
  • Since selling via an estate agent usually takes about 6 months, you will have to keep making interest repayments on your mortgage for all this time.
    Calculated at a 5.5% interest rate on a mortgage of say, £100,000, it works out to £2,700. If you have a larger mortgage or one with a higher interest rate, the true value of your sale becomes even lesser.
  • Lost saving on next property - A cash buyer can typically achieve a discount of 8% on their next property purchase. This example is based on upsizing to a property with an asking price of £180,000. – unable to understand this clause. Pls simplify and write in your own language.
For instance, if the asking price of your property is £200,000, the real value of the estate agent sale may work out to be 22% that is £44,000 lesser than what you had asked for. In other words, you may have to settle for £156,000 for your property.

We will match you with an associate cash buyer in your area immediately.

Queries? Please Call: 208.819.3975 or Email: enquiry@sellhousefastcash.co.uk