How much does it cost to sell a house in the North East?

You have read the title right. Selling a property sometimes brings a profit, but if you don’t factor in the attached costs of moving home you could find yourself losing out.

Few people have the time and energy to sell their house all by themselves and it’s just normal they ask for the services of estate agents. What is the price they pay though?

If you’re thinking of selling your house and want to receive expert guidance on what to do get in touch TODAY with our friendly team on 0800 980 5058 and request a call back.

 

Selling your property – taxes, fees and time consumed

Traditional estate agents will sell your house at some point; no doubt about it, but the problem is you rarely manage to sell within the time frame you want AND you end up paying considerable amounts of money for the services.

Actually, the North East has the highest average time scale for selling property across Britain, with even the best-case scenarios taking in excess of three months.

Estate agents have a habit of encouraging homeowners to price their properties beyond the reach of buyers and this can leave to weeks or even years of wasted time due to a lack of viewings. Even when a potential buyer does express an interest, the negotiation process often adds stress and nervousness to the whole process.

So what do you pay when you eventually manage to sell?

Estate agent fees typically come in at between 1–3% of the property’s selling price. Doing the maths quickly will show you how much that means. It’s not exactly money somebody facing financial constraints can afford to lose.

In addition, there are the legal fees you pay for conveyancing, which is the legal process of completing the paperwork and finalising the transferral of the property’s ownership. You can either instruct a solicitor or a professional licensed conveyancer, but don’t expect anything below the £500 mark – costs can sometimes be higher, depending on your house’s value.

Also consider the valuation and survey fees – no house can be sold without them and you’re the one who’s paying for the services. Add the stamp duty, the energy performance certificates required by law and the cost of sprucing up your home for viewings all add up.

Once the contracts have been exchanged and the keys handed over you’re good to go but you might be forgetting something – removal fees.

Removals companies are a quick and easy alternative to hiring a van but the price you pay rises accordingly. Again, depending on the size of your house, you can end up paying between £500-1000 for the services.

 

We help you quick sell your house

We’ll leave you do the maths and see how much you might end up paying for selling your property the traditional way.

If you can’t afford or just don’t want to pay that much money, Quick House Sale For Cash offer a great alternative, with no hidden costs, negotiations with multiple professionals or long conversations with mortgage lenders.

We have cash funds available and don’t rely on any other investments, so you can rest assured we will buy your house fast and hassle free – don’t worry about any chain breaking and the deal falling through. We buy straight from you!

Do you want more help and advice on how to find the best way to sell? Get in touch with us on 0800 980 5058 and request a call back. We’ll make you an instant FREE no obligation offer for your property!

Based on a property
value of £100,000

Easy 2 Sell Estate Agent
Offer you would receive £75,000 * £86,000 **
Average length of sale 3-6 weeks 31 weeks***
How secure is the sale? Very, no chain The buyer is likely to be unproven
Flexible completion! Whenever you like Mercy of the chain
Number of Viewings required to attract a sale! 1 14 ****
Other costs including mortgage payments, Insurance etc * NIL £2,500 *****
     
Total received £75,000
In 1 month
£79,500
In 7 months

* May vary depending on value, location, condition and rental yield
** Drop from initial marketing price to offer accepted was 14% (Source Rightmove +)
*** Average length of time property was on the market before an offer was accepted Source Rightmove +)
**** Average number of viewings before a successful sale was agreed (Source Rightmove +)
***** Based on a £50,000 mortgage over 20 years with a pay rate of 5% and insurance costs of £300 PA