If life is feeling a little mundane and you are craving some form of change, what better way than to move home? Moving houses can help shed a new perspective on life. It can enhance your day-to-day routine and deliver an overall improved outlook on your environment. Whatever the reason, if you are wanting to buy a house and sell one at the same time, you may be thinking about how much a venture such as this would cost.
Here at Fast Cash 4 Houses, we believe that being prepared is key, so keep on reading to find out some useful information you ought to know before starting your buying and selling journey.
The middle-man
The cost of selling and buying a house can vary greatly depending on many factors. Estate agent fees are one of the major expenses, with estate agents typically charging between 1% and 3% of the sale price of the property. Estate agents will handle the marketing of your property, negotiate with potential buyers, and help you through the sale process. One thing to note is that if your house sells for a substantial amount or even for not as much as you had anticipated, you can expect a large sum of the gain being taken due to estate agent fees.
Conveyancing
Another significant cost is conveyancing fees. This involves the legal costs associated with transferring ownership of a property from one person to another. A conveyancer is responsible for carrying out all the necessary legal work to complete the sale. This may sound handy, however, fees for this service can range from £500 to £1500, depending on the complexity of the sale.
Surveys
If you are buying a property, you may need to pay for a survey or inspection. A survey can help you identify any problems with the property before you complete the purchase, and can range from a few hundred to several thousand pounds, depending on the type of survey you choose.
Stamp duty
Another cost to consider is the stamp duty tax. The amount you pay depends on the value of the property, and the type of purchase, such as a primary residence, second home, or buy-to-let.
The cost of selling and buying a house can vary greatly, but Fast Cash 4 Houses can help minimise these costs. We buy any house, no matter the condition; making us the perfect option for those in circumstances where a property has to be sold instantly and for free. Our 3-step process makes selling a house easy and simple; all you have to do is tell us about the property, and we will process a valuation and provide you with a free no-obligation cash offer within 24 hours.
By planning and being aware of the costs involved, you can ensure that the sale and purchase of your property go smoothly and that you are not caught off guard by unexpected expenses. 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].
