1) Cut costs on solicitors
When choosing a solicitor to oversee your sale; ask around for recommendations and then request written quotes from those solicitors whose names come up the most. Use how the firms respond to these requests, as a guide to whom you should choose and do feel you can haggle. Another rule of thumb is to avoid large national chains and go for someone independent, who knows the property in your local area and will give you a personal service. Many solicitors will undertake the work for a fixed price, so at least you can be sure of for what fee you’ll need to budget.
It is possible to go through the conveyancing process without a solicitor, but it is not advised, as their professional advice can help you avoid many pitfalls and you will be protected by their Professional Indemnity Insurance too.
2) Cut costs on estate agents
There are some ways you can cut costs when it comes to estate agents. Firstly, shop around; don’t simply go with the first estate agent with whom you make contact. Talk to a number of agents and feel confident about haggling – but expect to pay between 1 and 1.5% if you sign up with a single estate agent. If you want your property marketed by multiple estate agents you are likely to pay more. So cut costs by haggling and by signing up with one estate agent exclusively.
Another way to save money is to sign up with an online estate agent, who typically charge a lower fixed fee, just be aware of what that fee includes and that you may have to do more of the legwork. Alternatively, some brave souls market their property themselves; cutting out estate agent’s fees altogether, but it is not for the faint-hearted. However, if you want to give it some thought, there is a lot of advice available online.
3) Cut out the middleman
There are a number of ways you can save money when selling your home, by cutting out the ‘middlemen’. One way of doing this is to sell your property direct to a “quick sale” company, that will offer you a guaranteed cash sum in a short timescale, negating the need for an estate agent altogether.
If you are selling inherited property, it can be a particularly emotive and difficult time. However, there are companies which specialise in purchasing such properties, who have a unique understanding of the process, making it much easier for you. Some, like Probate Purchasers, will make you an offer whatever the condition of the house, even helping with the clearance of the house and paying your legal fees, thereby taking the weight off your shoulders.
4) Get the most for your home
The other side of the coin to saving money on a house sale, is to achieve as high a price for your home as possible. Key here is to keep up with your maintenance, complete any unfinished jobs and ensure your home is looking light, bright, clean, tidy and uncluttered. Not only will decluttering help you sell your home, emphasising the space within, but it will also make easier for you on your moving day too.
So there you have our four top tips for saving money when you are selling your home and getting the most for it, we hope you’ve found it helpful.