Your home is undoubtedly the most valuable access for the vast majority of us and selling it will cost thousands. Below are money saving tips and hints which should reduce the cost of moving home. Estate Agent fees vary, so shopping around and dont forget to haggle and pay one off against the other. You should aim for 1% commission, also push then to limit the tie in to no more than 6 weeks, this gives then enough time to sell the house, but if they cant you can move to another agent without going multi-agent which will increase the fee to about 3%+, a big no-no! Ensure you get a fair valuation, never tell an estate agent what other agencies have valued your house at. They will use this to manipulate its offer, often resulting in wide distortions. It is false economy to go for the cheapest solicitors, so get recommendations from all the estate agents you speak to and remember to ask for the name of specific people, rather than just the legal firms. Give them a call and ask their charges, also note whether they are they friendly, helpful, and most important efficient? Fees are negotiable so haggle! Play off each one against the other to get yourself the best service at the best price. Expect to pay about 400. Selling your house privately can save thousands. One in twenty vendors are now taking the DIY route which could save you on average 4,000. That is a massive money saving tip, but there are a couple of downsides, basically time and effort. You could consider newspaper advertising, flyers and signs. Newspapers usually charge per line or per word so try to keep your advert as brief as possible without making it uninteresting. The simplest way would to sell your house yourself is to use one of the many online house selling service. For example, www.HouseWeb.co.uk , an internet-based property broker, lists details of properties for sales on its website for as little as 47. Obviously it is best to sell your house when the market is strong and demand is high, so keep an eye on the local property market. Generally, the market tends to be stronger in early and late summer than the rest of the year, so aim to sell your house then. Also avoid completing with your neighbours so if there are already a few For Sale signs on your street, it might be better to wait a bit. The average house is now worth over 200,000, so if you lose 5% of the value because the house needs a little TLC you could be losing 10,000! So get as much advice on money saving tips from website such as Maxxsave and Money Saving Expert. Research has shown that 100 spent on presentation can be more effective in selling a property than reducing your property price by 1,000. That is a lot of money, so get your paint brushes out, give your home a lick of paint and finish all of those DIY jobs which are outstanding. Also talk to the estate agent about adding value to your property it maybe worth spending a bit of cash to make some more. However, be careful not to over spend, you might not get your money back, so talk all planned improvements through with your estate agent. |
