Solicitor’s fees for selling a house typically include the cost of preparing and reviewing the sale contract, carrying out legal searches, dealing with the transfer of funds, and registering the transfer of ownership. The cost can also vary based on the complexity of the sale and the amount of work required by the solicitor. For example, a straightforward sale of a property without any issues may cost less than a sale involving multiple parties or requiring legal negotiations. On average, a solicitor’s fees for selling a house can range from £800 to £1500, but it is always best to get a quote from a solicitor to get a more accurate estimate.
In addition to solicitor’s fees, there may be other costs associated with selling a property, such as:
- Estate agent fees: Most property sales involve the use of an estate agent, and the seller will typically be responsible for paying the agent’s fee, which can range from 0.75% to 3.5% of the sale price.
- Property surveys: If the buyer requests a survey, the cost will be passed on to the seller. A basic survey can cost anywhere from £300 to £1000.
- Taxes: When you sell a property, you may be subject to capital gains tax if you made a profit on the sale. The amount of tax owed will depend on several factors, including the length of time you owned the property and the amount of profit made on the sale.
The costs incurred during the sales process can build up significantly, so it is always best to get a quote from a solicitor and other professionals for a more accurate estimate of the cost of selling a property. It is also a good idea to budget for any unexpected costs that may arise during the sale process.
To avoid the hassle of a traditional property sale method you can use a cash-buying service. At FastCash4Houses we can make a cash offer on a property within a matter of days, which can be particularly useful for people who need to sell their property quickly with minimal costs. We make the sale process simpler, as we handle the legal and administrative work involved in a property sale, saving you time and effort.
For those looking to sell their home in the quickest, cheapest and most convenient way, then using FastCash4Houses would be the best option. With us, you can sell your property in a quicker time frame with no estate agent or legal fees to pay. We are totally transparent with you regarding the process and most importantly, extremely reliable. To get your free no obligation valuation today and to find out more about how we can help then visit our website at https://fastcash4houses.co.uk/ or get in contact with us to speak to a member of our team directly at 01204 294356 or [email protected]. At FastCash4Houses, we want to support you every step of the way as you sell your property.
