Your home is undoubtedly one of the most valuable assets for you and selling it obviously can become quite costly. Using money saving tips should reduce the cost of selling your home while still making it marketable.
5 Money Saving Tips
Estate Agent fees vary, so shop around and choose the best fit for your needs. You should aim for 1% commission, also push the tie-in period to no more than 6 weeks, this gives then enough time to sell the house. If they can’t you can move to another agent without going “multi-agent” which will increase the fee to about 3%.
It is false economy to go for the cheapest solicitors, so get recommendations from all the estate agents you speak to and remember to ask for the name of specific people, rather than just the legal firms. Give them a call and ask what their charges are, also note whether they are they friendly, helpful, and most important efficient. Fees are negotiable so make sure you speak up.
Selling your house privately can save a lot of money. That is a massive money saving effort, but there are a couple of downsides, basically “time and effort.” The simplest way would to sell your house yourself is to use one of the many online house selling service.
It is best to sell your house when the market is strong and demand is high, so keep an eye on the local property market. Generally, the market tends to be stronger in early and late summer than the rest of the year, so aim to sell your house then (if the conditions are right).
Research has shown that a poor presented house can take longer to sell and may reduce the price by thousands. So get your paint brushes out, give your home a fresh coat of paint and finish all of those DIY jobs that got pushed into the back of your mind.
If you are determined to save money when selling your home, do some more research, as they say knowledge is power.