The costs of selling your home has just gone up for owners of 4 bed roomed properties. Home information packs have just become law and will eventually be compulsory on all houses. The new cost of a Home Information Pack is judged to be around £400, and when coupled with other selling costs they making selling a house very costly.
So what other costs are there associated with selling your house. As well as HIP's own owners have to pay legal fees, valuation fees, if moving to a new property, moving costs, estate agents fees and of course any repairs needed to market the property for sale.
An even bigger expense is the fact that most sellers do not get offered the full asking price for their properties. The housing market has quickly turned from a sellers market to a buyers market and we are seeing offers being accepted at 5, 10, 15 and even 20 percent below what is being asked. Coupled with the other fees the property owner could be losing tens of thousands of pounds.
There is a light at the end of the tunnel however. If you are in a position where you have sold your house you can also ask for a big reduction in the price of any house you are buying. The trick is to get yourself in the position where your home is sold. To sell your house quick, follow these handy tips.
Market your property well below prices being asked for properties in your area. You could even create a bidding war or just have enough offers to go with a buyer who can act quickly.
Alternatively you could sell to a property buying company. Most will agree a price for your home leaving you with a completed chain and in a position to negotiate on your next house. These companies will also normally pay your legal fees and HIP fees, and by selling to them you don't need to pay an estate agent.
By selling your house quick and having a completed chain you may find yourself actually making money rather than losing in today's market.
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