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Selling your property to a cash buyer vs via an estate agent Wed, 30 Oct 2013 11:44

When selling a property, many people automatically call a local estate agent and do not stop to consider other avenues of sale.

Estate agents typically charge performance-related fees of around 2% plus VAT, so the more that they sell your property for, the higher the commission they earn.

So, if you were selling a £250K property, you would expect to pay £5K plus VAT, a total of £6K to the estate agent.

Additional to this, there are other fees associated with selling:

1.  Legal fees

These are the costs incurred to have a conveyancing solicitor act on your behalf and are typically between £600 to £1,000.00 depending on the complexity of the transaction.  

2.  Getting the property ready for viewings

Your property may not be up to standard for marketing, with repair, maintenance, or cleaning issues.  You may need to spend significant amounts of money to get it to a standard that will help it achieve its maximum sale potential.

3.  Energy Performance Certificate 

When marketing your home for sale you will require an Energy Performance Certificate (EPC). You must have commissioned the EPC before placing your home for sale on the market, but you can start marketing your home before the EPC is received. EPCs provide 'A to G' ratings for the home's energy efficiency and carbon emissions, as per EU regulations.

EPCs tell homebuyers the current average costs for heating, hot water and lighting for the property as well as how to cut costs with energy-efficiency measures. You can find out more about EPCs on the Directgov website >>> here.

EPCs cost anything from £60 to £120.

4.  Possible time off work for viewings or disruption to your life through viewings.

It's hard to quantify these, but worth bearing them in mind.

5.  House clearance

Your house must be cleared (unless you have agreed otherwise with the buyer).  This may involve house clearance costs, removals, or even hiring a skip.

6. The emotional stress when managing the property sale, or managing your sitting tenants - who might, or might not leave when they are asked to.

7. The uncertainty that your property sale could fall through at any time up to the date of exchange of contracts. This has huge implications and might/will stop you from moving on with your life

Now let's compare this with selling your property to a cash buyer like us:

There are no estate agent fees, saving you £6K on a sale of £250K.

1. Our guaranteed cash offer for your property allows you to move on with your life, and make plans that you can progress with.

2. You have complete flexibility with the timetable, and you can choose to sell your property in days, weeks, or months to suit you. 

3.  At Dream House Buyer, we pay cash for property in any condition, so no need for you to spend money doing up your property when you may not re-coup those costs through an increased sale price.

4.  No legal fees.  At Dream House Buyer, we pay your legal fees.

5.  As you are not marketing the property, no EPC is required.

6.  No time off work required/no disruption of your life, as we at Dream House Buyer may not even need to view your property.

7.  At Dream House Buyer, we can take care of clearing your property at our expense.

Richard Hill, Founder of Dream House Buyer commented:

"Property in the U.K. is bought and sold through many different channels, including estate agents, auction, and private advertising. All of these have costs associated with them, and are not guaranteed.

Selling a property to a cash buyer is the best way of guaranteeing a sale.  It's painless and hassle-free, and, for many people, the speed of the sale is what makes it so attractive.

Dream House Buyer aims to provides a speedy and professional service, and this can minimise the costs of selling a property, not to mention reducing disruption to a seller's lifestyle, or losing that dream home you had set your heart on".

If you are thinking of selling your property and want a fast and hassle-free sale, and/or flexible timescales to suit your circumstances, please contact us to request a cash offer for your property.

We buy property in England and Wales fast, and consider all types of properties including those that others would consider "problem properties".

We work direct with you, our valued client, to make the process as hassle-free as possible.

Read our 6 main reasons to sell your property to a cash buyer.

Find out why we are different to other quick sale house companies >>> here.

Dream House Buyer is a family owned property company that considers all types of property, and we buy property with sitting tenants too. We will make an instant cash offer for any property in the UK, regardless of the size, location, condition or value.

We will buy any property that you might consider a problem - including property with sitting tenants, flats with short leases, problem tenants, unmortgageable and structurally damaged property.  We also buy ground rents and portfolios. If you think we can help, then please invite us to make you an immediate cash offer for your property.

Contact us on 0800 1577 497 or email us info@dreamhousebuyer.co.uk

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