Private house sale
Other than having the benefit of a quick sale, there are other major advantages in selling your house quickly to a private buyer that justify the quick sale offer you are made.
A private house sale means you do not have to pay ANY estate agent fees. Here we will compare the costs.
Typically, an Essex estate agent will charge around 2-3% of the actual sale price. Selling through a property auction will incur a commission fee between 2-2.5% of the sale price. According to the BBC news web site, the average cost of Essex homes is (dated August 2007) £233,926 which is an increase of 1.8% in the last quarter and 6.7% in the last year. This average is ascertained from averages for:
Detached: £349,190
Semi detached: £222,717
Terraced: £182,054
Flat: £151,487
On average you will pay an estate agent over £7000.00 in commission.
The other costs of selling your Essex home through conventional methods.
Currently (dated August 2007) only four bed roomed houses and above have to pay for a HIPS assessment, although all other residential properties will follow suit and is estimated at £300.00 to £1000.00
Legal fees can tip the scales at £1000.00
Survey and valuation between £500.00 and £1000.00
On average selling through the usual channels can take up to 7 months. If your mortgage is over twenty five years at a rate of interest of 6% and was initially for £2000.00, your mortgage repayments are over £1300.00 per month. That means 7 mortgage payments totalling over £9000.00
In total not only will it take you time to sell your home with an estate agent, but also £19,000 in fees.
Private house buyers in Essex
A quick private cash sale to us means you have NO estate agent commissions to pay. A private sale is EXEMPT FROM HIPS. We PAY ALL LEGAL COSTS. We take care of the survey and valuation FREE OF CHARGE. You private house sale can be completed same day with your trade offer bank transferred immediately so NO MORE MONTHLY MORTGAGE REPAYMENTS.
For a hassle free quick private house sale, from the leading quick private house buyer, contact us today
|
