The costs associated with buying and selling property can be quite considerable so we have come up with 5 top tips to help you cut them down to size.
1 – Stick to a sole agent.
When you are keen move and need to sell a property before you can, it can be tempting to instruct multiple agents. Doing this can increase agents fees, often by as much as 1% of the total sale price. If you are selling a £500k property you could save £5k just by sticking to a single agent.
2 – RICS HomeBuyer Report
If the property that you plan to buy is a conventional property and in reasonable condition you can save money by opting for a RICS Homebuyer report. A RICS Homebuyer report usually costs around £400. This report will tell you if there is any structural damage such as damp or subsidence but it will not look behind the walls or under the floorboards. If your property is relatively new and you are confident of its condition then the RICS Homebuyer report is considerably cheaper option than a building or full structural survey.
3 – Use a Conveyancer
You can reduce the cost of your legal fees by as much as 25% by using a conveyancer rather than a specialist property lawyer. It is important however, that you ensure the person acting on your behalf is reliable so make sure that you research first and don’t simply go for the cheapest option.
4 – White Goods
If you are negotiating a price for a property try and get the current owners to include the white goods in the final sale price. You could save a lot of money by securing essentials such as a fridge-freezer, washing machine and tumble dryer.
5 – Removals
Removals often end up being a lot higher than people anticipate. Avoid being stung with a hefty bill by getting plenty of quotes and booking early. You can also save money by doing your own packing – this gives you a fantastic opportunity to de-clutter at the same time!