Costs To Expect As A First-Time Seller

Being a first-time seller in Peterborough is exciting. However, there is a lot to think about and prepare for. You don’t know what to expect, which is both exciting and nerve wracking. Here at Burgh Thorpe Solicitors, we want to make your first time selling a home exciting, and not nerve wracking. This is why our Peterborough conveyancers have put this blog post together explaining the costs to expect as a first-time seller.

The first step in selling your home, is finding out how much your property is worth. Take the time to speak to local estate agents in your area. They will have local market knowledge as well as the skills to value your home. The estate agent will visit your home and ask various questions. Based on this they will give you a valuation of how much your home is worth. They will also share the commission they charge for selling your home. This is one of the first costs to expect as a first-time seller.

We don’t want you to experience any unexpected and nasty financial surprises which is why we are honest about our fees. It is also why we have created this blog post to show you the costs to expect as a first-time seller.

You will need to consider the costs of the estate agents selling fees, these will vary from one estate agent to another. Make sure you do your research. As stated, there will be legal fees that you are charged for the services of our local conveyancers in Peterborough too.

There will be the cost of having an EPC, also known as an Energy Performance Certificate, completed. Some estate agents will; include this in their fees so make sure you ask the question.

You may also have removal costs. This could be the cost of petrol and dinner for friends helping out, van hire or a full removal company service. If the property you are selling is subject to a charge for the maintenance of common areas, then you may be subject to a charge for the management pack fee.

One cost that first-time sellers often don’t expect or forget about is the mortgage lenders settlement figure. Your mortgage lender may have an early repayment penalty. You will also need to know the amount needed to redeem the mortgage in full. Of course, you will need to consider the costs of your next home too and the fees involved in that.

Need legal advice and support for selling your home in Peterborough? Call our conveyancers now to see how we can help you.