There are a number of costs to factor in when selling a property – many of which are payable upfront before transfer can occur. To avoid being caught short, sellers are advised to have adequate savings in place before placing their home on the market.
The recent interest rate increases are not only affecting home buyers – they are also making home sellers more anxious and more inclined to accept contingent offers.
According to the Seeff Property Group, estate agents are increasingly dealing with property buyers in search of residential properties where they can live and work from home or run a small business.
Selling your home yourself and keeping the commission in your pocket instead of paying it to an estate agent may sound like a good idea but you should be aware of the dangers before you decide on this approach.
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Commission
Estate agent commissions are negotiable. Calculate the service fee on a property sale
