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Author Topic: Selling a house  (Read 3014 times)
dporter

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« on: Wednesday, January 23, 2013, 13:49:39 »

Looking to get my house on the market and trying to gauge costs. What sort of percentage should i expect to be giving the estate agents and how much does a solicitor typically charge (only selling not buying another property)?

Also, if anyone can recommend a decent solicitor that is either based in South London/Surrey or that could do this remotely that'd  be most helpful  Smiley
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pumbaa
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« Reply #1 on: Wednesday, January 23, 2013, 13:55:11 »

Ask Bob Holt?

(sorry)

1% seems to be the minimum agents fees. No clue on solicitors fees, but as we're about to do the same, I'll watch this thread with interest.
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Simon Pieman
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« Reply #2 on: Wednesday, January 23, 2013, 13:55:12 »

This thread is directly above "sale of the club". Made me think of Bob Holt.

Sorry, there is absolutely no help in this post though.
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4D
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« Reply #3 on: Wednesday, January 23, 2013, 13:57:37 »

Estate Agent fees can vary, I have managed to get 1% (plus vat). Solicitor fees for selling is usually cheaper than buying, approx £800 plus vat. Also consider removal costs, storage costs and if you want to sell any items to potential buyers.
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Flashheart

« Reply #4 on: Wednesday, January 23, 2013, 14:00:19 »

Selling a house is just like selling a football club.
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Bewster

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« Reply #5 on: Wednesday, January 23, 2013, 14:01:38 »

Selling a house is just like selling a football club.

Selling a house is just making love to a beautiful woman
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Flashheart

« Reply #6 on: Wednesday, January 23, 2013, 14:02:23 »

Selling a beautiful woman is just like making love to a house.
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Bewster

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« Reply #7 on: Wednesday, January 23, 2013, 14:03:44 »

First of all you have to get your board up
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jonny72

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« Reply #8 on: Wednesday, January 23, 2013, 14:29:24 »

I'd worry more about getting the right estate agent rather than the lowest fee. No point having one that charges 1% but can't sell the house (or get the money you want) over one charging 2% who sells the house quickly (for the money you want).

I would get some recommendations for a solicitor though, a crap one can easily delay the sale going through.
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Berniman
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« Reply #9 on: Wednesday, January 23, 2013, 14:56:22 »

What Jonny said.  Usually look at 1.5-2% for a decent estate agent
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“Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth.” ― Marcus Aurelius

When somebody shouts STOP! I never know if it's in the name of love, if it's HAMMER TIME, or if I should collaborate and listen...
woolster

« Reply #10 on: Wednesday, January 23, 2013, 15:10:26 »

sold one in october, 2% fee with haarts (which were superb) solicitor was £600, then little costs energy efficient test £35
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nevillew
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« Reply #11 on: Wednesday, January 23, 2013, 15:42:33 »

Re Solicitors, find one local to the area you're selling in - the estate agent you choose should be able to advise. I'd caution against picking an on-line outfit as I've heard several tales of woe about them
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Paolo Di Canio, it's Paolo Di Canio
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« Reply #12 on: Wednesday, January 23, 2013, 21:19:45 »

 :beers:Berniman they need to change the thing under your name?  Sad
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RedRag

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« Reply #13 on: Wednesday, January 23, 2013, 22:29:23 »

I'd say 1.25-1.5% + vat for a sole agency agreement is about right. 

Getting a good agent acting in your best interests as seller can really pay.  A bad one can waste your time especially if trying to line up a further commission on someone else's mortgage offer and another commission elsewhere in a chain etc. 

Always assess your buyer's likely ability to proceed - is there a chain, a long one, what sort of mortgage does your buyer need (none at all is best, 90% plus is a worry)- or anyone else in the chain to also have to worry about? 

Ask 3 agents round for a free marketing appraisal and pick the one you trust. 

Most agents actually take a fee from the solicitor (or conveyancing service) they recommend - so they're not unbiased.  Avoid online or remote legal services.  Word of mouth in the area is usually the best guide to solicitors and agents so ask neighbours or colleagues.

Good luck.  I can recommend in South West london and Surrey.  PM me if interested
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