When the time comes to sell your house, it can be both exciting and stressful at the same time. However, there is a cost associated with selling your house, when you take into consideration estate agents, solicitors, removal companies, and more.
Read on to find out how much it costs to sell a house in Scotland.
And if you’re looking to skip the fees and sell your house fast in Scotland, contact us today for a free, no obligation valuation.
Energy Performance Certificate
When the time comes to sell your house, you will require an Energy Performance Certificate (EPC). This document provides details about the energy efficiency of your house, and can cost anywhere between £35 to £150.
You should consider setting aside approximately £100 for this certificate – although you can spend less, if you want.
Estate agency costs
You are not required to sell your property through a traditional estate agency. For example, selling your house to a cash house buyer will save you a significant amount in estate agency costs.
However, if you do decide to sell your house ‘on the market’, then there is a cost attached. A recent study found that the average UK estate agency charges 1.18% commission on the sale of a house. Be aware that some high street estate agents charge up to 3%.
This means that if you are selling your property for £250,000, the average estate agency on the high street will charge between £2950 and £3750. On the other hand, cash house buyers like WeBuyAnyHome are free, and can complete the deal within days.
On the expensive side of the high street estate agency market, you may be charged up to £7500.
Unless you have legal expertise (for example, are a qualified solicitor) it is highly recommend that you pay for one.
A recent study discovered that paying a solicitor when selling your property can cost anywhere between £800 and £1800 in the UK. It is possible to find solicitors that charge around £600, but these are not always reputable.
You can avoid these solicitor fees when selling through a cash house buyer like WeBuyAnyHome.
Porting your mortgage
If you decide to port your mortgage, then there will be a cost associated with that. This fee can vary depending on a few different factors. It is important to consult an independent expert on this, who can advise on whether there will be any additional costs.
Typically the final cost you have to pay is for a removal company to transport all your belongings from one house to another.
According to Compare My Move, the average UK removal company costs for a 3-bed house travelling 50 miles are roughly £1,181.
Of course, this price will fluctuate according to the distance the removal company are travelling, the size of your house, and the organisation you choose for this job (different companies have different prices, after all). Many removal companies charge amounts down to £800, or perhaps even lower.
The Average Cost to Sell a House in Scotland
The factors outlined in this blog are key considerations when working out how much it costs to sell your house in Scotland. However, there are more factors such as a Mortgage Exit Fee, Surveying Cost or Capital Gains Tax. It is recommended that you speak to an expert about this, for guidance specific to your situation.
Therefore, if you are selling a £250,000 house and trying to keep costs down…
For an energy price certificate (£35), estate agent (£2950), solicitor (£600), porting your mortgage (TBC) and removal company (£800), you can expect to pay at least £4390. Of course, if you choose a more reputable removal company, estate agent and solicitor (along with a pricier EPC) it will often be over £5000.
If you are selling a £750,000 house and trying to keep costs down…
For an energy price certificate (£35), estate agent (£8850), solicitor (£800), porting your mortgage (TBC) and removal company (£1000), you can expect to pay at least £10,685. Of course, if you choose a more reputable removal company, estate agent and solicitor (along with a pricier EPC) it can be more than this.
Recent research has found that the cost range for selling a house in Scotland can be anywhere between £2,696 – £10,956. Just be aware that if it costs you on the lower end of this spectrum, some of the companies you are dealing with may be less reputable. It will all be fine, however, if you conduct thorough research beforehand to ensure all companies are legitimate.
Sell your house fast in Scotland
WeBuyAnyHome are the perfect cash house buyer to help you sell your house fast in Scotland.
WeBuyAnyHome don’t charge any fees or commission. We also don’t charge legal fees – meaning you don’t have to worry about all the costs outlined in this blog.
We are a founding member of the National Association of Property Buyers (NAPB) and members of The Property Ombudsman (TPO), meaning we follow strict guidelines and offer maximum protection to house-sellers.
No fees, no hassles and no delays. You can trust us with a smooth and quick sale of your property.
Want to know how it works? Get a free, no obligation cash offer from us now by entering your postcode in the box below.