Cost of selling my property?
The costs involved in selling your property consist of:
Energy Performance Certificate – It is a legal requirement to have commissioned an EPC before marketing can start. Elite Estates can organise this legally required document on your behalf at a cost of £95.00 + VAT
Estate agent commission – Commission fees become payable once your estate agent sells your property and contracts are signed. This is charged as a percentage of the sale price.
Legal fees for the conveyancing process – These vary depending on the solicitor you choose.
Are there any additional marketing costs?
Some estate agents include all marketing expenses within their commission fee but it is worth checking this before you instruct an estate agent, as some may charge an upfront additional fee for extra advertising packages, brochures etc.
Where are my Title Deeds?
Your Title Deeds are proof of ownership of your property. They will be held by your bank or building society if you have a mortgage and your solicitor will obtain the deeds and let the buyer’s solicitor have a copy.
Do I need to redecorate before I put my property on the market?
It is not essential to redecorate your property before placing it on the market, however, if an area is in need of a lick of paint this will appeal to potential buyers. Tips and guidance on presenting your property. Things that will boost the value of your home
Who will conduct viewings on my property and when will they occur?
Your estate agent should accompany all viewings during their opening hours. However, in some circumstances they may ask you to conduct the occasional viewing. It is advisable to choose an estate agent who offers longer opening hours to maximise viewing potential and minimise the number of viewings you have to conduct yourself.
Do I need to be present for viewings?
If your estate agent is accompanying all viewings and they have the access codes and keys for your property your presence is not required. Elite Estates endeavour to accompany all viewings.
It is worth noting that buyers often feel more relaxed when the owner is not present.
If I accept an offer will my property still be viewed?
This depends on the conditions of the offer and what your preferences are.
Do I have to pay Stamp Duty?
No, the buyer is responsible for paying Stamp Duty.
When do I have to move out?
On the completion date which is mutually agreed by yourself and the buyer.
Do I have to pay Capital Gains Tax on the property?
If you are selling a property that is your main home, you won’t have to pay tax on it as long as you satisfy certain conditions. However, if you are selling a property that is not your main home, it is likely you may have to pay Capital Gains Tax.