Why Should You Sell Your Property Privately?
The main benefit is the £1000’s of pounds you save in Estate Agents fees.
To give yourself the absolute best chance selling privately we’d say that you should put aside a marketing budget of around £500 (it is of course possible to do it for less than this).
Now, with the figure of £500 in mind, let’s look at the savings you’d make by selling your house privately:
| Your Selling Price |
Agent’s Fee @ 2%+VAT |
|
| £250,000 |
£5,875 |
£5,375 |
| £350,000 |
£8,225 |
£7,725 |
| £500,000 |
£11,750 |
£11,250 |
| £750,000 |
£17,625 |
£17,125 |
When you consider the Estate Agent's fee as a percentage of the actual profit you make from your sale (i.e. what you sell for, minus what you boughtfor) you’ll soon realize just how much you’re giving away.
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