Costs
When considering selling your property, it is important to factor in the cost of the items below from the outset:
Sundry home improvements
When you sell a property – whether it’s an elegant Edinburgh flat or a rural hunting lodge – the way you present it will often influence the sale price. Our residential sales team can spot any potential presentation problems and give suggestions for how to maximise its value, so you will need to consider the cost of carrying out this work. Click here for tips on preparing your property for sale.
Home report
From 1 December 2008 home reports have become a legal requirement for most homes in Scotland marketed for sale. The cost of producing the report is based upon the value of the property and it is a pre-requisite for the report to be prepared by an RICS registered chartered surveyor. Click here to find out more about home reports.
Marketing costs
Your estate agent will recommend a marketing package for the promotion of your property tailored to suit your budget. This is likely to include a combination of printing sales particulars, ‘for sale’ board, print and online advertising. Click here to find out more about marketing your property.
Estate agency fee
Fees, or commission, is the price you pay for the services of your appointed estate agent for selling your property or land. Fees can vary depending on the level or service required. Be aware that some agents may insist on a withdrawal fee if the property is not sold, or, a minimum agency and or notice period. Rettie & Co do not.
Solicitor's conveyancing fee
It may be loosely based on a 0.33 to 0.5% basis plus VAT. This will be for the basic service. If your sale becomes complicated you will possibly be charged on a pro-rata basis.
Removals
And finally, don’t forget about the cost of moving all of your furniture and belongings out of your property once it has been sold. If you aren’t moving into a new home straight away, you may also need to budget for putting furniture into a storage facility.
