You may want to sell your home to move to somewhere bigger. The local market might value your home highly, so you’d like to cash in while the going’s good. Or, now, it might be when you sell up in the UK and move abroad to live. Regardless of your next move, selling a property is quite a long and sometimes complex process.
At the time of writing, UK housing was generally doing well. There was a bit of a dip month-on-month in the middle of 2024 when average house prices were at £261,962. Still, the market has increased overall over the last year. The increases have come since the now-infamous mini-budget sunk prices across the board.
Still, when it’s time to move, it’s time to move. Here are some things to help you find your footing.
Typical costs that you should expect
There are three main ways to sell your home. You could sell privately, or you could use a high-street or online agent. Most people choose one of the two latter options. While selling privately will reduce some costs, it’s a lot easier to go with an agent. The professionals will know all of the boxes that you need to tick.
For all these options, though, four main costs will come into play. You can expect agency fees even if selling privately. From there, you’ll need to pay a conveyancing fee, pay for the EPC, and pay for any removals. If you’re moving into a new place once you’ve sold, you’ll need to pay the same fees.
With these fees, the larger your house or the more stuff you have, the more expensive each will be. Your EPC Certificate assesses the energy efficiency of your house and usually costs upwards of £34 up to around £120. For conveyancing fees, expect to pay between £500 and £1,500 for an average-sized house. Removals can then be expected to cost you up to £1,300 with a floor of around £450 if it’s a relatively small haul.
Cash house buyers are an option.
Going with a cash house buyer bucks the usual house-selling process. On top of this, cash house buyers tend to offer a faster route to selling without many of the biggest fees. These buyers are simply people or businesses who can buy your property upfront. So, you can be reassured if you’re wondering: “Can I sell my house for cash on my own terms?“.
Finding a cash house buyer will get you away from the property chain and save money by knowing the cost of the sale without any hidden fees. Plus, you get to keep the entire sale price if you go with an online agent that doesn’t charge a commission. This can be even more advantageous if you complete it before your next mortgage payment.
Whether you want to test the market or find a cash offer, avoiding hefty fees is the goal when selling your property.
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