Selling your home can be a thrilling journey, but don’t let hidden costs catch you off guard. Here’s what you need to know!
Conveyancing Fees: Legal fees are unavoidable when transferring property ownership. Solicitors or licensed conveyancers may charge a fixed fee or a percentage of the sale price. It’s worth shopping around for quotes, but remember to choose someone reputable and experienced.
Energy Performance Certificate (EPC): Before your property hits the market, you’ll need an EPC. This certificate, costing between £60–£120, indicates your home’s energy efficiency.
Mortgage Exit Fees: Paying off your mortgage early? Check your terms for any exit fees or early repayment charges to avoid surprises.
Removal Costs: Whether hiring professionals or doing it yourself, moving costs can add up. Consider packing services or storage if needed.
Property Repairs and Improvements: Sprucing up your home with repairs, cleaning, or staging can attract buyers and increase your sale price. Budget for these small investments upfront.
Capital Gains Tax: If the property isn’t your main residence, you might face Capital Gains Tax on profits. Seek advice if unsure.
By planning ahead and understanding these costs, you can budget wisely and sell with confidence. And remember, if you’re considering selling, we at Sawyer & Co are here to help you navigate the process smoothly.