|
| |
 |
|
 |
|
|
|
True Cost of Selling
Selling your property the ‘normal’ way,
is a trade off between price and time. The whole process can
typically take upto 12 months, and while you may receive slightly
higher valuation , you are exposed to legal fees, estate
agents fees, surveys, monthly
repayments and a lot of paperwork.
Most purchasers are also in a property chain, and your sale
may depend on a chain of 10 properties or more!
The example below is based
on a property valued and placed on the market at £180,000 with
an outstanding mortgage of £150,000.
| Monthly standard repayment at 5.5% would be approximately |
£1050 |
| If it took 9 months to complete a sale, that is a cost
of (£1050 * 9) |
£9450 |
| Solicitor fee + VAT approximately |
£1500 |
| Agent commission on £180,000 at 1.5% +vat would be |
£3172 |
| |
|
Therefore, your total Cost
of selling this property would be £14,122 +
any other costs. |
|
|
|
 |
|
 |
|
|
|
|
