Who Pays Commission When You Sell A House?
If you are selling your home it’s not always obvious how the fees for professional services are calculated or who pays them. Professional services like estate agents, solicitors, and conveyancing are usually used, and for their services, they do require payment. In this article, we will discuss the cost of the most common services used when selling and which party is required to pay them.
Using an estate agent can be helpful when selling a property, they will manage all enquiries and can be available to handle viewings at your request too. They can also help increase viewings and the chance of selling the property by connecting you with clients that are actively seeking to buy.
For their services, they will charge a fee that is usually a percentage of the sale price. Charges do vary depending on location, and they generally range from 0.75% to 3%. When it’s time to discuss fees, it’s always helpful to remember that negotiating on price is okay, and their quoted price should include VAT. Previously, agent fees used to be quoted without VAT, but since 2016 the rules now state that all quotes should include VAT.
When selling via auction both the seller and the buyer will have fees to pay. For the seller these are more straightforward, typically around 2.5% of the price you get for the property. There could also be advertising costs and entry fees. Auctions do charge high fees due to the faster and more convenient way to sell a property. They offer a higher chance of success and charge a premium for that.
Cash Buying Service
FastCash4Houses take a different approach. We have a simple 3 step process to help you sell your home in days rather than months, with no estate agent or legal fees. All you need to do is visit our website and tell us about your property; within 24 hours you will receive a no-obligation cash offer; and if you choose to accept the offer, we process the property valuation. We deal with residential homes, industrial spaces, and commercial properties, and we specialise in a fast turnaround making the whole process convenient for the seller.
Using a service like FastCash4Houses eliminates costs, delays, and time taken to complete a sale. For those needing to sell their homes in a quick, easy, and convenient way that has minimal costs, FastCash4Houses is the best option.
With us, you can sell your property in a quicker time frame with no estate agent or legal fees to pay. 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 on 01204 294356 or
[email protected] At FastCash4Houses, we want to support you every step of the way as you sell your property.
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