How much will it cost to sell 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. CGP can organise this legally required document on your behalf at a cost of £70 + 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 and is typically 1% plus VAT, subject to a minimum fee of £1,295 plus VAT.
Legal fees for the conveyancing process
These vary depending on the solicitor you choose.
Are there any additional marketing costs?
Your estate agent should 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 additional fee for advertising 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.
If I accept an offer will my property still be viewed?
Generally not but 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.