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Solicitors Cost to Sell a House: House Buyer vs Estate Agent

August 11, 2021

Buying or selling a home is said to be one of life’s most stressful experiences, but while the process is easier for a home seller, there are still issues to deal with and there are solicitor’s fees to pay for selling your home. Whether you are selling a flat or a house, you will still need to pay these fees.

 

Conveyancing is a competitive part of the home buying and selling process, so it’s always worth shopping around. Conveyancing fees will vary depending on a number of factors such as the location, the complexity of the transaction and the value of the property. 

 

These fees cover the legal side of the sale and the disbursements. Disbursements are what third parties will charge for certain services such as searches on the property, anti-money laundering checks, stamp duty land tax and transferring ownership. Find a solicitor offering flat fees as this will help to keep costs down. A ‘no move, no fee’ deal will mean you won’t have to pay conveyancing fees in the event the purchase falls through or the buyer pulls out.

 

Generally, conveyancing fees range from £500 to £1,500 regardless of whether you are selling your home privately or using an estate agent.

 

However, if you decide to sell your house to a cash house buyer, like Halo House Buyers, they will appoint an independent solicitor to act for you and cover all the fees.

 

What are you paying a solicitor to do when selling your house via an Estate Agent?

 

The solicitor’s fee for conveyancing cover the following:

 

  • Transfer of deeds
  • Title deeds
  • Sale Agreement
  • Deal with buyer enquiries
  • Property Information form
  • Draft contract of sale
  • Contract signing
  • Exchange of contracts
  • Receipt of deposit
  • Take care of the money transfer for you

 

Selling a house without an estate agent?

 

There are many benefits to selling your property to a cash house buyer but the main advantage will always be the short time it takes from accepting an offer and receiving the money into your bank account. You will get your money in days rather than months, as is the case with traditional high street estate agents.

 

Cash house buyers are individuals or companies with sufficient funds to pay for your property without needing to take out a loan or mortgage. Paying cash for your home ensures less risk, faster turnaround and more control. It also means you do not have to get involved with solicitors and pay conveyancing fees.

 

Key Advantages to using a Cash House Buyer versus an Estate Agent

 

Cash house buyers are particularly useful in buying properties regardless of the condition or reason for selling. The seller can choose the completion date, which can occur very quickly, usually a matter of days. There are no repair, advertising or solicitor fees associated with the sale. No costs are incurred if the buyer pulls out, such as solicitor fees. 

 

To recap unlike estate agents, cash house buyers offer homeowners a: 

 

  • Quick Sale – timescale is the biggest difference and biggest benefit when selling your home to a cash house buyer. Unlike selling your property through an estate agent, there are no viewings, no delays, no chains and flexibility on your move out date. You will receive an offer within 24 hours of contacting a cash home buyer and if you accept their offer you cash home buyers can complete the purchase in as little as 7 days.

 

  • Guaranteed Sale – once you accept the cash home buyers offer the sale of your property is guaranteed as opposed to selling through an estate agent where buyers couldn’t get a loan, change their minds or purchase another property.

 

  • Hassle-Free – selling your property to a cash house buyer is not only quick but convenient. You won’t have to spend time or money updating your property to get it ready for market. Cash house buyers will buy a property regardless of its condition or state of repair.

 

  • No Hidden Costs – instead of spending money on solicitors and surveys, as you would with a traditional estate agent, cash house buyers not only organize all of this for you but they bear the cost of it too. 

So if you want to avoid the hassle of dealing with buyers pulling out of the sale and incurring solicitor’s fees, why not look at selling your house without an estate agent and give Halo House Buyers a call today!

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