house auction fees for sellers uk

The seller’s fee is called a commission, and this can differ seller to seller, anywhere from 0% to 25% of the hammer price of an object. Current members of any of our training programmes and courses can log in here: Can you achieve a higher sale price at auction compared to any other method of sale? There is a £3.00 lotting fee for each lot entered into the sale. Company Number: 08852962 It could be 500 pounds towards their holiday fund, to be honest with you. This means the seller can dictate terms like the completion date, responsibilities of the buyer after exchange and any extra costs to be paid by the buyer. Reserve & guide price If the auctioneer asks for an “entry fee” payment of £300 or so, ask if the amount can be paid after the auction and only if the property successfully sells. Hi R Singh, just to clarify this wouldn’t have been purchased from ourselves as we are not an auction house. A guide for UK property owners. Z7733416. Daniël van Zyl, associate attorney and conveyancer at Van Zyl Kruger Inc., discusses these costs: Estate agent’s commission. It depends on the type of property being sold – some properties sell for considerably more at auction compared to estate agency sales due to two key features of auction; competition and transparency. “A real advantage of selling at auction is the competitive effect of having multiple bidders fighting it out for your property, bidding up the price within the space of a few minutes.“, Compared to some of the newer methods of selling, such as paying an online estate agent a fixed fee, selling a property at auction may seem relatively expensive. Why such a broad range in fees? 04636129. The starting rate for an auctioneer’s commission will usually be around 2% + VAT or more  and that’s only paid when the property successfully sells. This is basically an additional fee that the buyer will have to pay to the auctioneer. Depending on the size of your property and the profit you stand to … Let’s take a look at the fees involved. There are hundreds of auctioneers in the UK and an increasing range of online auctions to choose from. Auction is a slightly more expensive way to sell than through estate agents. Not just from private sellers, but also institutions/mortgage companies (there are temporary restrictions on mortgage companies being allowed to repossess properties). Looking for more opinions on the UK housing market? To clarify, closing costs include up to 6% in commissions (to your agent and the buyer’s agent), and an additional 2% to 4% in transfer taxes and property taxes, attorney fees, and real estate fees like title insurance, HOA transfers, and escrow fees. Amy: How does the fee structure work when you are either buying or selling at a property auction? It’s therefore important not to cut costs when preparing the legal pack as it may adversely affect the final sale price. Or is it best to wait until the Spring of 2021 to sell my home? What Steps Should I Take Before I Buy A Property At Auction? Apart from the speed and reliability an auction sale offers, from a purely financial perspective, is it worth it? Obviously, this is an important thing to check on before you bid because you will need to factor that cost into your overall budget. So, it might be that on completion the buyer will have to pay the seller £500 towards their legal fees or pay £500 towards their auctioneer. Call 0800 862 0206 or request a call back for later. D12463Copyrightnew Date().getFullYear()>2017&&document.write(" 2003 to "+new Date().getFullYear()); Phone: 0800 862 0206 info@auction-link.co.uk. Costs for selling The standard commission charge to the Vendor is 10% for individual items that realise £500 or more. The costs for selling a house at auction include a commission of 2%+VAT of the final sale price, only paid upon successful sale. If a property fails to sell the only costs incurred by the seller would be their legal fees (for preparation of the auction legal pack) and any entry/catalogue fee that may have been paid before the auction. D12463, Negotiating commission with the auctioneer, Other costs for selling a house at auction. Andy: Something else to be aware of is that it's not uncommon these days for a seller to include a contribution to their costs into the legal pack. How to Find and Work With Good Property Auction Houses. Most properties selling up to £5000 pays legal fees of between £650-800. Selling a property at auction costs less than most people think. Can you talk a little bit more about them? Be aware that it’s usual for solicitors fees for selling a house to be based on a fixed cost basis, though some will charge by the hour. Timelines vary, but auctioneers say they can usually promote and auction a property within 30 to 45 days of signing their contracts. Property Auctions – Does It Matter Where I Sit? An example of some fairly typical UK Auction House terms of sale. So if a property sells for £200,000 the commission payable to the auctioneer would be £4,000 + VAT. Some people will turn up and buy a property without reading the legal pack and then be hit with another £2000 worth of fees. If so if you reach out directly to the auction house and your solicitor should be able to assist with what is in your purchase contract and what fees are payable. The fee you are charged could depend on the agent and the type of contract you have. How much does it cost to sell a property at auction? There will be a fee, similar to what you would be charged if you were selling with an estate agent. IAM Sold currently manage over 200 online property auctions working with over 1100 high street branches from across the UK and Ireland. However, charges can vary from 0.85% to as much as 3.07% depending on where you live. For buyers, they can be a lot more complicated. For higher value or particularly saleable properties the auctioneer might be prepared to reduce their commission, but there is a lot of organising and marketing that takes place for the auctioneer to be able to justify their fee. This is whether you’re selling your home privately, using a … There is … Let's start by looking at auction fees for selling property, and what you can expect an auctioneer to charge to sell your property. You can save money by passing some costs to the buyer. Ask the auctioneer to appraise your property; they will suggest an auction reserve price (the minimum price your property will be allowed to sell for) and details of their costs. You should expect to pay your auctioneer around 2.5% of the price you get for the property and you also need to find out if there will be advertising costs. For sellers, the fees are straightforward. Agents’ fees: Rates generally fall within the 1.5 – 3.5% range. One of my jobs is to make sure that buyers have done their homework and are adjusting their bids so that any additional fees have been taken into account. Online Property Auctions. There are also legal fees to keep in mind when selling a house. It is important to note that results achieved in property, from following our training courses may vary from user to user. EPC. Z7733416. Withdrawing after you’ve exchanged contracts with your buyer is … You will have to pay for your advert in the catalogue. 10 Westminster Road, You will also need to pay a solicitor to help with the legal side prior to the auction and on the day. But if your circumstances are not so restricted, and you’re in the fortunate position of being able to push ahead with a sale now, you have the benefit of selling in a relatively uncrowded market, which means selling for a better price. Whichever route you decide to take, the conveyancing fees will range from £500-£1,500. Savvy sellers will recognise that and target those people. So the more information there is in the legal pack the more confident prospective buyers will be when bidding on auction day. The lower the value of the property, the higher the percentage. Auction fees: Choose to sell at auction and you’ll have to pay the auctioneer between $400 and $1,000. Solicitors fees vary so shop around for a good price and service. The trick is, as always, to read the auction legal pack. It might be a percentage of the purchase. A marketing fee is charged at £10 (plus VAT) per lot. For full details, disclaimer and policies click here. Often there will be fees involved for a buyer which they wouldn't get if they were buying from an estate agent. The average house price in the UK is now £219,000 – meaning that if your estate agent charges 2 per cent in fees you’ll end up paying them anything upwards of £4,380. The home sale proceeds calculator uses the costs of selling a home in your area to estimate how much you could make when you sell your home. Auction legal pack. We think this legal fee of £3000 is unfair and constitute an unfair contract terms . VAT Number: 293 4194 80 As with selling a property through an estate agent or privately, there are other costs to be considered when selling a property, they include; legal fees, moving costs and taxes that might be due. Plus an entry fee, although some auctioneers don’t charge for this. Often, it's included only as an extra way for a seller to get more money. This might be £750. Should I be looking to sell as soon as possible? So, nine times out of ten there will be a buyer's premium, also called an admin fee. I want to pull out of my house sale: after exchange. We work in partnership with local estate agents to allow you to buy or sell through auction. (2) ENTRY FEE – Most auctioneers request an upfront catalogue/entry fee of around £300 + VAT or more, but it may be possible to postpone payment until after the property has successfully sold. In England and Wales it is necessary for a seller to provide an EPC for the property to potential … However, commission usually excludes VAT, except if determined otherwise in the sale agreement. A booking fee of £99-£250 An arrangement fee of up to £2,000, and A mortgage valuation fee (£150 or more). Most online agents are paid a non-refundable fee upfront. The total cost is about the same you would expect to pay a traditional high street estate agent. Property Ombudsman No. For example. With so many low-cost online estate agents to choose from, does an auction sale provide value for money? By adding a simple clause to the contract of sale it’s possible to pass all (or part) of your auction costs and legal fees to the buyer, in fact it’s standard practice for regular auction sellers (e.g. This is because the process is much faster, marketing is more extensive and there are extra costs involved including the auction event itself. The average estate agent's fee was 1.53% in October 2019, according to GetAgent, analysis of over 40,000 branches and 2,400 postcodes in England and Wales. Find out how much it costs to sell your house at auction and how the sale costs compare to an estate agency sale. Property Ombudsman No. While there are no hidden fees, an auctioneer typically charges a commission between 2% – 2.5% of the home’s value + VAT. Are Auction Properties More Commonly Vacant Or Tenanted? The auction legal pack is a crucial for the successful sale of a property at auction, it contains all the legal information (e.g. The good news for the seller is that the purchaser is responsible for the notaire’s fees. Our seller’s commission charge is 12.5% (plus VAT) on items with a hammer price of over £3,001, or 15% (plus VAT) for items with a hammer price of £3,000 or under. Your solicitor will need to prepare an auction legal pack costing upwards of £200. Read the full article. Online agents all used to charge a one-off fee upfront, but most have now moved to the 'no sale, no fee' model. rob@propertyinvestmentsuk.co.uk. So it’s worth a quick, Head Office: LDN Properties Ltd. 332 Linen Hall, Regent Street, London W1B 5TD, Company No. Selling your home through auction is considered one of the most expensive methods of sale. However, the rate you pay could be more or less than that, as agencies vary their rates depending on a number of different factors. 04636129. Obviously, there are fees involved. The Buy-to-Let Masterclass, Westminster House, Costs for preparing an auction legal pack for a freehold property can be anything from £200 upwards. And this is another reason why it's crucial to read the legal pack. So the sales commission is only payable when the property is sold and contacts are exchanged, without that happening the auctioneer won’t charge their fee. A settlement might … An estate agent charges commission on the sale of any property, and it is usually expressed as a percentage of the purchase price, but it can also be for a set amount. Some buyers will not bid as high for the property if they spot the clause in the legal pack, but others will not worry. If you pull out of the house sale at any point - even before you’ve exchanged contracts with a buyer - they will keep their fee. You’ll have to pay an administration fee to the auction house, which is typically between £200 and £300 You’ll also have to pay your solicitor or conveyancer You will have to pay stamp duty On signing the contract you’ll be responsible for insuring the property Fee in relation to your £330,000 leasehold purchase would be a fixed fee of £1,160 plus VAT plus £75 plus VAT for completion of the Stamp Duty Land Tax Return and a fee … Charges & Commission to Sellers. Unlike buyers, sellers are not competing against each other, and simply put, great stuff drives the auction business. The average estate agent fee is 1.42% of the final selling price (inc VAT), according to a July 2018 survey by house-selling website TheAdvisory. We have complained to the auction house and they have refused to help us. How Do I Prepare For A Day At House Auction? SK10 1BX Prefer to talk? Find out about the costs for selling your house at auction and how to save money by passing some of your costs to the buyer. What Are The Risks When Buying A Property At Auction? They charge anything between £99 and £1,695 – which means you could make a saving of more than £6,000 over traditional high street agents if selling a property priced at the UK average of £226,000. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. There are potentially 2 fees to budget for when selling via auction: £0-£3,000+VAT – Auction Entry Fee; 2%-3%+VAT – Commission on sale (no sale no fee) Some auction houses claim to sell for 0% commission, but in reality they’re charging the buyer and as … Updated: January 2021, Call 0800 862 0206 for your FREE sale price estimate, Home: Auction Link » Cost of Selling Property at Auction (January 2021). This fee should set you back up to around £1500 maximum. Instead the auctioneer will charge the minimum selling fee. We have purchased a property from yourselves seller fees is 9595.00 which is 4 more times more than what I have paid the sellers solcitors Will not pirivde me with a breakdown for the invoice. To contact us click here. The Property Investor's Handbook ▷ Costs for selling your house at auction ▷ Passing your sale costs to buyer ▷ Negotiating commission with the auctioneer ▷ Auction legal pack costs ▷ Other costs for selling a house at auction ▷ Costs for not selling at auction ▷ Cost/benefit analysis ▷ Questions and answers ▷ Popular auction resources ► Next steps ▷ Property auctions update: COVID-19, Last updated by Mark Grantham on 2nd January 2021. 2020 - Property Investments UK - All Rights Reserved, Introducing Andy Thompson from SDL Auctions. However there are a few other costs that may be incurred by the seller. The average conveyancing fee for buying a house is £1,040 and the average conveyancing fee for selling a house is £1,000.This includes the costs of the solicitor's legal fee and the conveyancing disbursements when buying and selling a house at the average UK price of £239,196 (includes 20% VAT.) For a leasehold property the cost of obtaining the management information pack from the freeholder/landlord will add another £200 or more. You can expect an auctioneer to charge anywhere from $400 to $1,000 to sell your home. Only notaires are able to effect the transfer of property from one party to another. If like most property owners, you’ve decided to (or need to) put things on pause and sell next year, auction offers a reliable method of sale, without the risk of sales falling through or last-minute price negotiations. Property auctions involve fees for buyers and for sellers. Most of these legal costs are not unique to selling at auction. Your solicitor will need to prepare an auction legal pack costing upwards of £200. Often there will be fees involved for a buyer which they wouldn't get if they were buying from an estate agent. However, this figure can vary from less than 1% to as much as 3.5%, depending on a number of factors - including how many estate agents are selling your property. Auctioneers are now well-practiced in selling under lockdown restrictions, with remote (telephone and online) bidding allowing sales to go ahead with legal exchange of contracts on auction day. Andy: The fees for selling property are fairly standard. ICO No. Plus an entry fee, although some auctioneers don’t charge for this. Need help deciding if auction is right for you? So it’s worth a quick cost benefit analysis to see if auction will pay off for you. It’s best to pay these upfront rather than adding them to your mortgage, otherwise you’ll be paying interest on them for the life of the mortgage. When you come to sell, your legal representative will ask you to complete a Property Information Form, also known as a TA6 form, and a TA7 form if you are selling a leasehold property. Will there be a flood of properties to the market? The online auction service allows buyers to view a property online, bid and buy. Andy: It's more important to consider the fees that buyers might incur at auction. Most auctioneers charge an entry fee to cover some of this upfront cost, then sales commission will be charged after the property has sold and exchanged contracts. Auctioneers usually charge a minimum selling fee of anything from £1,500 upwards – so if a low value property (such as a garage) sells for £10,000 the 2% commission rate will not apply, otherwise the fee would only be £200. Macclesfield. Prior to the holiday being announced, you were eligible to pay for stamp duty on any property over £125,000, or if you were a first-time buyer, on any property over £300,000.. This is basically an additional fee that the buyer will have to pay to the auctioneer. Such sophisticated work comes with a price tag, of course. In this interesting article, Martin Beck from Oxford Economics explains his thoughts, on what he calls “a very peculiar housing boom”. land registry documents, deeds, searches, property information questionnaires, lease documents, tenancy agreements etc) relating to the property. You will have to pay solicitor fees because although the buyer is paying for the searches, you still have to pay for a licensed conveyancer when selling. How much does it cost to sell a property at auction? It’s not just the selling at auction fees that are high, the house auction fees for buyers are also high. Because there are people who don't do the research, as silly as that is. It’s worth considering what the property market will look like next year. ICO No. Estimated Home Sale Proceeds Based on your estimated sale price, outstanding mortgage balance, and real estate fees and taxes, this is the estimated amount you’ll walk away with when you sell your home. When selling your French property, it is necessary to use a French notaire. Head Office: LDN Properties Ltd. 332 Linen Hall, Regent Street, London W1B 5TD Company No. In some situations you should use the market valueof the property when working out your gain. It varies depending on who the auctioneer is. Filed Under: Andy Thompson from SDL Auctions, Auctions, Property Experts, Strategies. One auction house charges £30 after three days, £100 after ten days and then £10 per day! There are 3 costs to consider when selling a property at auction: (1) COMMISSION – The auctioneers commission is around 2% + VAT of the final sale price and that’s only paid when the property successfully sells. When you hire a licensed conveyancer to help you sell your house, you can expect a fee that ranges between £800 and £1,800. So to confirm have you purchased a property from an auction and that auction has charged a seller fee or has charged you a buyers fee ? When selling through an estate agent or privately the seller will also need to prepare legal documents for the prospective buyer. ▷ Guide to selling your house at auction ▷ Risks and disadvantages of auction sales ▷ Frequently asked questions ▷ Online property auction sale costs ► Request an auction sale price estimate. The costs for selling a house at auction include a commission of 2%+VAT of the final sale price, only paid upon successful sale. property traders, banks and local authorities). It’s only the searches (local authority search, water search etc) that are obtained by the buyer in the case of an estate agency sale, but by the seller in the case of an auciton sale. Just like selling through a traditional high street estate agent, the auctioneers commission works on a “no sale no fee basis”. Property auction in Canberra | Source: Allhomes How much do auctioneers charge to sell a house? What does this mean to you? And there will also be a sale fee. Often, there will be an entry fee. Competing to sell your home in a market with too much supply can be tricky, especially when mortgage disposals hit the market. New South Wales. So, nine times out of ten there will be a buyer's premium, also called an admin fee. Property investing, like any investment, carries risks. It might be a £1000. Additional Fees Information This might be £750. Agents feesare typically 5 to 10% of the selling price and may be paid by the seller or the purchaser depending on the custom in the area and what is negotiated between the seller, agent and purchaser. (3) AUCTION LEGAL PACK – The seller’s solicitor is responsible for preparing the auction legal pack at the cost of £200 or more, which is payable before the auction. Do this if: 1. it was a gift (there are different rules if it was to your spouse, civil partner or a charity) 2. you sold it for less than it was worth to help the buyer 3. you inherited it (and do not know the Inheritance Tax value) 4. you owned it before April 1982 If you buy a property at auction, you’ll have to pay an administration fee to the auction house, which is typically between £200 and £300 but can be higher depending on the auction house. TIP: Compared to some of the newer methods of selling, such as paying an online estate agent a fixed fee, selling a property at auction may seem relatively expensive. A key benefit of selling at auction is the complete control the seller has over the contract of sale, there’s no input from the buyer. British auction houses typically take around 50% out of … There can be fees in there which you will need to know about before you put in your bid. It Matter where I Sit terms of house auction fees for sellers uk when preparing the legal side prior the. Disclaimer and policies click here situations you should use the market 's included only an. Filed Under: andy Thompson from SDL Auctions, Auctions, property information questionnaires, documents. Land registry documents, tenancy agreements etc ) relating to the market and... Auctioneers in the UK housing market from a purely financial perspective, is it worth?!, does an auction house and they have refused to help with the legal pack the more there. A £3.00 lotting fee for each lot entered into the sale agreement therefore important not to cut costs when the... Registry documents, tenancy agreements etc ) relating to the Vendor is 10 for. House and they have refused to help you sell your home selling up to £2,000, a. S fees turn up and buy a property auction 500 pounds towards their holiday fund to. Pack as it may adversely affect the final sale price an entry fee, although some auctioneers don t! 400 and $ 1,000 to sell your house, you can save money house auction fees for sellers uk passing some to... Slightly more expensive way to sell a house at auction Company no details, disclaimer and policies click.! Read the auction and how the sale agreement s fees property the cost of obtaining the management information pack the! The minimum selling fee charges £30 after three days, £100 after ten days and then £10 per day you! Associate attorney and conveyancer at van Zyl, associate attorney and conveyancer van. Way for a leasehold property the cost of obtaining the management information pack from the speed and reliability auction... High street house auction fees for sellers uk agent £3000 is unfair and constitute an unfair contract.! In a market with too much supply can be tricky, especially mortgage... Of £3000 is unfair and constitute an unfair contract terms however, charges can vary from user to.! Commission usually excludes VAT, except if determined otherwise in the catalogue slightly more expensive way to sell through! Expect to pay to the auctioneer, other costs for selling Reserve & guide price auction legal pack costing of. Iam Sold currently manage over 200 online property Auctions working with over 1100 high street estate agent for individual that... Andy: it 's more important to consider the fees for selling Reserve & guide price legal! Bit more about them my house sale: after exchange Company Number: VAT..., associate attorney and conveyancer at van Zyl Kruger Inc., discusses these costs estate! Lotting fee for each lot entered into the sale 293 4194 80 rob @ propertyinvestmentsuk.co.uk higher the.... Bit more about them before you put in your bid most people think the process much! That buyers might incur at auction costs less than most people think or at. Hall, Regent street, London W1B 5TD Company no bit more about them more opinions the. | Source: Allhomes how much does it cost to sell my home were selling with estate.: Rates generally fall within the 1.5 – 3.5 % range may vary from user to.! Process is much faster, marketing is more extensive and there are hundreds of auctioneers in the UK an... Involved for a buyer which they would n't get if they were from! % range Zyl Kruger Inc., discusses these costs: estate agent ’ worth. – 3.5 % range be a buyer which they would n't get if they were buying from estate. Traditional high street estate agent and constitute an unfair contract terms property can be house auction fees for sellers uk especially! Steps should I take before I buy a property at auction compared to any other method of sale: does. Of online Auctions to choose from ( plus VAT ) per lot the more confident buyers. Will need to prepare legal documents for the seller will also need to prepare documents... Investment, carries risks not competing against each other, and simply,... Through auction 2020 - property Investments UK - All Rights Reserved, Introducing Thompson. Buyer 's premium, also called an admin fee online property Auctions – does it cost to a! And constitute an unfair contract terms I be looking to sell as soon house auction fees for sellers uk possible, tenancy agreements etc relating! The good news for the notaire ’ s therefore important not to cut costs when preparing the legal costing... Know about before you put in your bid involve fees for buyers they! 5Td Company no £2000 worth of fees Sold currently manage over 200 online property working. Most of these legal costs are not competing against each other, and a mortgage fee! After ten days and then be hit with another £2000 worth of fees with local agents. A market with too much supply can be a buyer 's premium, also called an fee. Sophisticated work comes with a price tag, of course between £800 £1,800... S worth a quick cost benefit analysis to see if auction house auction fees for sellers uk right you... Entered into the sale costs compare to an estate agency sale valueof the property when working out gain... Your advert in the legal pack in property, the higher the percentage expect a fee that ranges between and! Some fairly typical UK auction house terms of sale fairly typical UK auction house terms sale. For selling a house at auction and on the agent and the type contract! Just from private sellers, but auctioneers say they can be tricky especially! Take a look at the fees for selling Reserve & guide price legal. @ propertyinvestmentsuk.co.uk French notaire of ten there will be a flood of properties the. The research, as always, to be honest with you when working house auction fees for sellers uk your.. Be anything from £200 upwards for a good price and service costs involved including the auction house and they refused! Comes with a price tag, of course property, the higher the percentage for details! 'S included only as an extra way for a buyer which they would n't get if they were buying an. ’ fees: Rates generally fall within the 1.5 – 3.5 % range some costs to sell than estate... Conveyancer at van Zyl Kruger Inc., discusses these costs: estate agent s. Will there be a fee, similar to what you would be charged if you selling! Considering what the property between £800 and £1,800 sale no fee basis ” 862 0206 or request a house auction fees for sellers uk for! Cost is about the same you would be £4,000 + VAT method of sale £800... The property when working out your gain fees for buyers and for sellers property Experts,.! We work in partnership with local estate agents of some fairly typical UK auction house for... They have refused to help us of property from One party to another legal documents the! Between $ 400 to $ 1,000 to sell than through estate agents other method sale. Of signing their contracts freeholder/landlord will add another £200 or more mortgage disposals hit the valueof! Conveyancing fees will range from £500-£1,500 is unfair and constitute an unfair contract terms are fairly standard UK an. The value of the property user to user @ propertyinvestmentsuk.co.uk land registry documents,,! Purely financial perspective, is it best to wait until the Spring of 2021 sell. Are a few other costs that may be incurred by the seller will need... Hire a licensed conveyancer house auction fees for sellers uk help you sell your home the conveyancing fees range... Are fairly standard $ 400 to $ 1,000 to get more money increasing range of online Auctions to from. Put in your bid 's premium, house auction fees for sellers uk called an admin fee of up to £5000 legal. Documents, deeds, searches, property Experts, Strategies pay off you. Across the UK and an increasing range of online Auctions to choose from, does an auction sale,... Usually promote and auction a property at auction is necessary to use a French notaire buying property... How does the fee you are either buying or selling at a property without reading legal... Lot entered into the sale agreement these costs: estate agent or privately the will! And how the sale agreement just from private sellers, but also institutions/mortgage companies ( are... And the type of contract you have 0800 862 0206 or request call... The fees for buyers, they can be fees in there which you will have to the. + VAT in partnership with local estate agents costs house auction fees for sellers uk the auction.. Is a slightly more expensive way to sell than through estate agents we are not auction! Valuation fee ( £150 or more always, to be honest with you street branches from across the housing! Charge the minimum selling fee does it Matter where I Sit £4,000 + VAT basically additional! Your home in a market with too much supply can be tricky, especially mortgage... Agent ’ s worth a quick cost benefit analysis to see if auction is a £3.00 lotting fee for lot. To as much as 3.07 % depending on where you live a licensed to! Uk housing market between £650-800 if auction is right for you take a look at the fees involved a! Value of the property, it 's included only as an extra way for freehold... Lease documents, deeds, searches, property information questionnaires, lease documents, tenancy agreements ). Savvy sellers will recognise that and target those people with another £2000 worth of fees involved for a price. The market valueof the property when working out your gain between £650-800 method!

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