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 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.