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Fee's to sell a property

(7 Posts)
user1469570668 Thu 23-Feb-17 19:19:17

We are thinking of selling our house worth approx £120,000, could anyone give me a rough idea of how much it costs to sell a property please? We would not be buying another property. Thank you

wowfudge Thu 23-Feb-17 20:05:53

Estate agent fees plus solicitor's fees and your moving costs if you are moving out. Expect to pay around 1.5% EA fees - there may be a minimum fee. The solicitor's fees will probably depend on the agreed sale price. You can find quote sites online to get that info and you can usually get a fixed fee deal for the work involved. There will also be some disbursements - fees to cover the cost of obtaining Land Registry documents, to have the money transferred to you when the sale goes through, etc.

You shouldn't need more than £50 upfront though as the fees are deducted from the sale monies before the balance is sent to your nominated bank account.

wowfudge Thu 23-Feb-17 20:06:53

I forgot - if there is an outstanding mortgage, that will need to be paid off and if you are paying it off early, there may be a penalty payment.

Roseelove Thu 23-Feb-17 20:10:52

Our mortgage adviser told us worst case would be approx £7,000 that's with early settlement fee for mortgage + your general EA and solicitor fees, our area is generally 1% of selling cost to EA

Roseelove Thu 23-Feb-17 20:11:53

Sorry that's with stamp duty on new property too

user1469570668 Thu 23-Feb-17 20:12:33

Thank you for replying thats helpful advice x

user1469570668 Thu 23-Feb-17 20:13:02

Thank you

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