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What are the Average Solicitors Fees for Selling a House in 2017?

Selling your home can be expensive. Between estate agent fees and stamp duty, not to removals and obtaining an EPC certificate, if required, the costs can quickly mount up.

One such essential expenditure that homeowners cannot avoid to play are the solicitors fees for selling a house. For the sale of your home to be 100% legally compliant, homeowners must employ a conveyancing specialist or solicitors. The service should always be factored into the budget you have for your house move.

Any solicitors fees for selling a house must be inclusive of a legal fees for conveyancing and any disbursements, such as Land Registry registration and any other property administration costs.

The solicitors fees for selling a house do vary. This is because conveyancers and solicitors choose to charge for their services either at the value of the property, at a fixed-rate or per hour, depending on the individual conveyancer or solicitor. So, what solicitors fees for selling a house should you be paying?

Springbok Properties can sell your home fast at NO UPFRONT COSTS. Our proactive approach to property marketing means 63% of our property listings are sold in under 30 days. Call us TODAY on: 0800 068 4015 and speak to a member of our award-winning customer service team to find out more.

Solicitors Fees for Selling a House Calculated on the Value of the Property Transaction

Many licenced conveyancers or solicitors will calculate their solicitors fees for selling a house as a percentage of the property purchase. Any payment structure can be staggered, depending on sale price achieved by the property.

A property sale of £100,000 will incur solicitors fees for selling a house at approximately £300.00 plus VAT at 20%. Any disbursements will then be added to the fee.

Should you achieve the average 2017 UK property price of around £200,000 from the sale of your home, homeowners can expect that the solicitors fees for selling a house to be approximately £325.000 plus VAT at 20%. Any disbursements will then be added to the fee.

This is a common practice for charging solicitors fees for selling a house. However, the average cost of conveyancing can be difficult to estimate, because any fee is directly related to the sale price of a property.

Springbok Properties exchanges contracts on more than 230 homes across the UK every week. Partnering with Zoopla, Rightmove and Prime Location, we can sell your home fast for up to 99% market value in as little as 7 days. To find out more, call us TODAY on: 0800 068 4015.

Solicitors Fees for Selling a House Calculated on at a Fixed Fee

Charging solicitors fees for selling a house at a fixed fee assures homeowners of a transparent approach to selling property. They will not have to worry about any hidden costs, or paying an extortionate amount to ensure that any property transaction is completed legally.

Any fixed fee conveyancing quotation should always include a detailed breakdown of all the fees and costs involved in the property transaction.

The average fixed solicitors fees for selling a house can vary between conveyancers, however generally speaking, fixed solicitors fees for selling a house are cheaper than those calculated by the value of a property, or at an hourly rate. However, it should be noted that fees increase depending on the nature of the conveyancing.

For example, a leasehold property sale in South Manchester at the average UK property price as of April 2017, will incur solicitors fees for selling a house of £412.00 plus VAT. However, by opting for a low-cost conveyancer, such as Conveyancing Warehouse, homeowners can reduce their legal fees to just £99.00.

Springbok Properties employs a dedicated team on in-house conveyancers that charge a fixed solicitors fees for selling a house. Our hassle-free approach makes completing every property transaction simpler, and more affordable. To find out more, call Springbok Properties TODAY on: 0800 068 4015.

Solicitors Fees for Selling a House Calculated at an Hourly Rate

Solicitors fees are charged based on time and activity. This billing model is the same whether practicing probate law, tax law, or in most cases, conveyancing - with the time being the purchase or sale process once a property sale between two parties has been agreed.

The solicitors fees for selling a house apply to drawing up and refining any contracts, communicating or negotiating property sale stipulations, ensuring the mortgage deeds and terms are agreed, and any other fees that apply when buying a house.

Given the potential complexity, it's not hard to understand how hourly solicitors fees for selling a house can quickly add up. The hourly rate solicitors charge is based on their level of experience, solicitor's practice and the geographical location in the UK. Londonsolicitors fees for selling a house will quote higher rates than elsewhere in the country, but homeowners can generally expect to pay an hourly rate of approximately £25.00 - £35.00 an hour for the conveyancing services.

Springbok Properties understand how expensive solicitors fees for selling a house can be. We provide all-inclusive fast sale service including conveyancing fees to more than 230 homeowners every month. To find out more about our conveyancing costs or list your property, call us TODAY on: 0800 068 4015.

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