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Selling Your Home - The True Cost

House Network

Buying or selling a home is an incredibly exciting time, and it’s only right that you be thrilled about it. However, in your excitement, it’s also only right that you consider costs incredibly carefully. In this post, we list the true costs of selling your home.

Upfront Costs


If you’re selling your home then it’s likely you’ll be buying a new one. As such, you’ll need a large deposit. The sale of your home may cover this, but if you’re upsizing then you may need to save. A deposit should be between 5% and 20% of the total cost and the more you save, the better your chances of getting a mortgage are.

There may also be other associated costs with this, such as Stamp Duty. So do your research first.

Legal Fees

To sell your home it’s more than likely that you’ll have to employ a solicitor or a licenced conveyor to carry out the work. These don’t come cheaply, and are generally between £500 and £1,500 plus VAT. Shop around for quotes or ask your bank who they recommend, you can sometimes get discounts. 

Estate Agent’s Fees

This is negotiated when you put the property on the market. Typically, an estate agent will charge between 1% and 3% of the property’s sale price plus 20% VAT. Here, remember that the cheapest option may not be the best. You have to consider how much work you’d like them to do for you and how much they’ll market the property.

You can save money by going with online estate agents like us. We charge a fixed, flat rate, potentially saving you thousands of pounds.


The person moving into your home will most likely have a survey conducted as most banks insist on this as part of a mortgage offer. If anything is uncovered by the survey, such as outdated wiring or a problem with the boiler then there may be money to pay. Traditionally, you can either offer to do the work yourself and keep the sale at the price agreed, or negotiate a discount for them to do the work when they move in. Account for this by reserving 2% of the property’s price, just in case.

Energy Performance Certificates

When you sell your home, you’ll need to supply an Energy Performance Certificate, and you must apply for one before you put the house on the market. An Energy Performance Certificate tells prospective buyers the current average costs for heating, hot water and lighting, as well as how they could cut down on these costs. It gives a rating of A to G, as per EU regulations and costs between £60 and £120.

Removal Costs

If you’re willing to do all the moving yourself, then removal costs can be cheap. Hiring a small van can be done for around £50 per day if you’re willing to do the legwork. However, if you need to hire professionals then it can be pricey depending on how much you have to move and how far you’re moving. These costs can be anywhere from a few hundred pounds to over £1,000. Get as many quotes as you can to keep the price down and try to stay locally. Finally, if possible, try not to move on a weekend as most removal companies will charge more.

Mortgage Fees

If you’re moving home you’ll need a new mortgage (unless you can pay it in full). Along with this, most companies or banks also charge booking and arrangement fees as well as mortgage valuation fees. However, some include these in the lender’s fees, so check the fine print carefully.

Almost all providers do charge a fee of around £50 for deposit transfers if it’s a substantial amount.

Ongoing Costs

It’s also worth remembering that, once you’ve sold your home, there will be other ongoing costs in your new home, which should also be factored in, including:

-       Maintenance and repairs

-       Insurance costs

-       Council tax

-       Running costs such as utility bills and furnishings.

-       Leaseholder costs (if you’re not the property’s leaseholder)


To conclude, the cost of selling a property can be high but, as long as you budget well and shop around for the best deals, you’ll be absolutely fine.