A: When you sell your property with us, there are a few costs you should take into consideration. We take a commission fee of the final sale of the property which is a percentage plus VAT – this is not payable until completion takes place. It includes all of the marketing expenses. You’ll also have to pay solicitor fees to arrange the contract exchange, and you will also need to get a valid certificate proving the energy rating of your home.
A. It is a requirement by law to have a valid EPC which lets the buyer know how energy efficient the property is. It’s valid for up to ten years, and your home will be given a rating from A to G.
A. If you want be there then that is completely fine, however we have found that the experience is more relaxing for the buyer when the current owners aren’t around – just the estate agent who can be given a copy of the keys. Any questions that are posed can always be forwarded to you for comment.
A. We would advise that after a suitable offer has been made, that the property is taken off the market to avoid any more offers being made. This is not imperative, but it does show good intentions towards the offer already made, giving them time to sort out things on their end for a smooth transaction.
A. No, sellers do not pay the stamp duty – that is only for the buyers.
A. If this property is your main residence, then you do not have to pay capital gains tax provided that relevant conditions are met. If the property is not your main residence and has been a buy to let, then its likely capital gains tax will have to be paid on it.
A. If you already have the property under a mortgage, the bank or lender will hold these details, and as soon as the purchase completes, they are transferred to the new owner or their mortgage lender.
A. When contracts are exchanged, a completion date is agreed upon by both parties, and by that date you will have to vacate the property and give the keys to your estate agent.