Selling your home is exciting, but it’s also a time to keep a close eye on your budget. Many sellers focus on the price they’ll get for their property, but there is a range of costs that can quickly add up. From estate agent fees to removal vans, understanding these expenses early on can help you plan and avoid surprises.
Is it a good time to sell your home?
The property market has been adjusting recently. According to Rightmove, the average asking price of a newly marketed property fell by 1.3% (£4,969) this month to £368,740 as sellers priced realistically.
If your goal is to move within a certain timeframe, realistic pricing, good presentation, and a strong marketing strategy will be key.
A common question sellers ask is, “What is the best price for selling a house?” The best price is the one that balances attracting serious buyers quickly while achieving fair market value. Overpricing can put buyers off, while underpricing could mean losing thousands. Ellis & Co can provide a free property valuation so you can understand your home’s current market value and make an informed decision:
Related: Is my house ready to sell?
Costs to consider when selling your home
Selling a home in the UK involves more than just finding a buyer. Below are the main expenses to budget for, along with tips to keep them manageable.
Prepping for viewing
First impressions matter. Before listing, you might invest in:
- Minor repairs, such as fixing leaky taps or replacing worn carpets
- Fresh paintwork to brighten rooms
- Professional cleaning, including carpets and windows
- Garden tidying to improve kerb appeal
If you’re wondering whether these costs are worth it, remember that a small outlay can make your property more appealing and potentially increase the final sale price. For example, a £200 investment in fresh paint could help your home stand out in a competitive market.
Related: 11 ways to add real value to your home on a budget
Estate agent fees
Estate agent fees are one of the biggest costs for sellers. The average fee in the UK is between 1% and 3% of the final sale price, plus VAT. So, on a £300,000 property, you could be looking at £3,600 to £10,800.
Tip: Ask potential agents about their fee structure and whether it’s negotiable. Some offer fixed fees, while others charge a percentage of the sale price.
Surveyor fees
While buyers usually arrange their surveys, some sellers choose a survey before marketing. This can highlight any potential issues early and help avoid renegotiations later. A home condition report typically costs from £250, while a more detailed building survey could exceed £600.
Conveyancing fees
A conveyancer handles the legal transfer of your property to the buyer.
What will a conveyancer do for you?
They’ll prepare and check contracts, liaise with the buyer’s solicitor, manage funds, and ensure the transaction meets all legal requirements. For selling only, conveyancing typically costs between £500 and £1,500, plus VAT.
Related: What is the conveyancing process in England?
Solicitor fees
What will a solicitor do for you?
Like a conveyancer, they’ll manage the legal paperwork, ensure the sale complies with property law, and deal with any complications. Their fees are often similar to conveyancers’, though complex sales can cost more.
Energy Performance Certificates
In England and Wales, it’s a legal requirement to have a valid Energy Performance Certificate (EPC) before marketing your home. They last 10 years and cost between £60 and £120.
Legal fees
What legal fees are there when selling a house?
In addition to your solicitor or conveyancer, you may need to budget for:
- Bank transfer fees (around £20–£45)
- ID verification checks (about £10–£20 per person)
- Leasehold information packs if selling a leasehold property (£200–£500)
Remortgaging fees
If you’re paying off your mortgage early because of the sale, your lender may charge an early repayment fee, often 1–5% of the remaining loan. You might also face an exit fee, usually up to £300.
Do you pay stamp duty when selling a house in the UK?
No, stamp duty is paid by the buyer. However, you will need to budget for any capital gains tax if the property is not your main residence.
Removal costs
Moving your possessions to your new home is another key expense.
What to consider when moving home?
Removal company costs vary widely, depending on distance, volume of belongings, and whether you need packing services. Expect to pay from £400 for a small local move to over £1,000 for larger homes or long distances. If you’re on a budget, consider hiring a van and doing it yourself, but factor in fuel, insurance, and the time it will take.
How long does a house sale take?
The average sale takes between 12 and 16 weeks from offer acceptance to completion, though chains or legal complications can extend this. To speed things up:
- Choose an experienced estate agent with strong communication skills
- Have your paperwork ready early (ID, title deeds, EPC)
- Respond quickly to your solicitor’s requests
Thinking of selling your home?
From setting the right asking price to handling the legal process, selling a property can be complex. Ellis & Co’s expert local estate agents can guide you through every stage and help you to manage costs.
