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80% => The Nevillew General Discussion Forum => Topic started by: dporter on Wednesday, January 23, 2013, 13:49:39



Title: Selling a house
Post by: dporter 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  :)


Title: Re: Selling a house
Post by: pumbaa 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.


Title: Re: Selling a house
Post by: Simon Pieman 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.


Title: Re: Selling a house
Post by: 4D 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.


Title: Re: Selling a house
Post by: Flashheart on Wednesday, January 23, 2013, 14:00:19
Selling a house is just like selling a football club.


Title: Re: Selling a house
Post by: Bewster 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


Title: Re: Selling a house
Post by: Flashheart on Wednesday, January 23, 2013, 14:02:23
Selling a beautiful woman is just like making love to a house.


Title: Re: Selling a house
Post by: Bewster on Wednesday, January 23, 2013, 14:03:44
First of all you have to get your board up


Title: Re: Selling a house
Post by: jonny72 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.


Title: Re: Selling a house
Post by: Berniman on Wednesday, January 23, 2013, 14:56:22
What Jonny said.  Usually look at 1.5-2% for a decent estate agent


Title: Re: Selling a house
Post by: woolster 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


Title: Re: Selling a house
Post by: nevillew 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


Title: Re: Selling a house
Post by: Jamiesfuturewife on Wednesday, January 23, 2013, 21:19:45
 :beers:Berniman they need to change the thing under your name?  :(


Title: Re: Selling a house
Post by: RedRag 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