{"id":13297,"date":"2017-12-15T17:14:38","date_gmt":"2017-12-15T17:14:38","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/?p=13297"},"modified":"2018-02-14T07:59:49","modified_gmt":"2018-02-14T07:59:49","slug":"how-to-reduce-additional-costs-when-buying-or-selling-your-home","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/how-to-reduce-additional-costs-when-buying-or-selling-your-home\/","title":{"rendered":"How to Reduce Additional Costs when Buying or Selling Your Home"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p>Whether you think you\u2019ve bagged an absolute bargain <a class=\"wl-entity-page-link\"  href=\"https:\/\/www.thehouseshop.com\/property-blog\/property\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/property;http:\/\/rdf.freebase.com\/ns\/m.05wrt;http:\/\/dbpedia.org\/resource\/Property\" >property<\/a> or sold your <a class=\"wl-entity-page-link\" title=\"homes\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/home\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/home;http:\/\/rdf.freebase.com\/ns\/m.01l0mw;http:\/\/dbpedia.org\/resource\/Home\" >home<\/a> for a great <a class=\"wl-entity-page-link\" title=\"prices\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/price\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/price;http:\/\/rdf.freebase.com\/ns\/m.01d_1l;http:\/\/dbpedia.org\/resource\/Price\" >price<\/a>, when it comes to buying or selling there are many costs you need to factor in that can easily be forgotten. However, rather than these put a dampener on your financial dealings, there are many ways to reduce or even avoid paying the top-level fee that other buyers and sellers will experience.<\/p>\n<h2>Valuation<\/h2>\n<p>Getting a <a class=\"wl-entity-page-link\" title=\"Valuation (finance)\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/valuation-finance\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/valuation_finance;http:\/\/rdf.freebase.com\/ns\/m.01yv7p;http:\/\/yago-knowledge.org\/resource\/Valuation_(finance);http:\/\/dbpedia.org\/resource\/Valuation_(finance)\" >valuation<\/a> is advisable before putting your home up for sale to ensure you are getting a good price and to also avoid overcharging. Online <a class=\"wl-entity-page-link\" title=\"Estate agent\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/estate-agent\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/estate_agent;http:\/\/rdf.freebase.com\/ns\/m.02dzpr;http:\/\/dbpedia.org\/resource\/Estate_agent\" >estate agents<\/a> such as <a href=\"https:\/\/www.hatched.co.uk\/\">Hatched<\/a> offer a free, no obligation valuation. All that you need to do is fill in a few details online and someone gets in touch to arrange it. Various other <a href=\"https:\/\/www.thehouseshop.com\/compare-estate-agents\" title=\"estate agents\">estate agents<\/a> can charge for such a service, but as it\u2019s no obligation you won\u2019t be out of pocket even if you decide not to sell.<\/p>\n<h2>Surveyor Costs<\/h2>\n<p>Before buying or selling getting a professional <a class=\"wl-entity-page-link\" title=\"Surveying\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/surveying\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/surveying;http:\/\/rdf.freebase.com\/ns\/m.0gjm7;http:\/\/dbpedia.org\/resource\/Surveying\" >surveyor<\/a> in is essential to asses for any work that needs doing. When buying this could save a <a class=\"wl-entity-page-link\" title=\"Land lot\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/land-lot\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/land_lot;http:\/\/rdf.freebase.com\/ns\/m.0gs32y;http:\/\/dbpedia.org\/resource\/Land_lot\" >lot<\/a> in the long run, as you may otherwise purchase a property to find it requires a lot of expensive work to get up to scratch. Basic surveys can cost around \u00a3300 which is well worth it and can be unavoidable unless you know a professional surveyor.<\/p>\n<h2>Stamp Duty<\/h2>\n<p>The good news for young people especially is that for first-time buyers purchasing a property worth up to \u00a3300,000 they will <a href=\"http:\/\/www.bbc.co.uk\/news\/business-42339254\">no longer have to pay stamp duty<\/a>. This will significantly reduce the additional costs for many <a class=\"wl-entity-page-link\" title=\"houses\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/house\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/house;http:\/\/rdf.freebase.com\/ns\/m.03jm5;http:\/\/dbpedia.org\/resource\/House\" >house<\/a> buyers in the future, while for properties bought up to \u00a3500,000 no stamp duty is required on the first \u00a3300,000 either.<\/p>\n<h2>Legal Fees<\/h2>\n<p>To carry out all legal work a solicitor may be required, mainly to check the paperwork and carry out any searches on the property. Depending on your circumstances, you may be entitled to <a href=\"https:\/\/www.citizensadvice.org.uk\/law-and-courts\/legal-system\/taking-legal-action\/help-with-legal-costs-free-or-affordable-help\/\">free legal aid<\/a> or help with such costs, so it can be worth investigating this before forking out around \u00a31,000.<\/p>\n<h2>Estate Agent Charges<\/h2>\n<p>This is paid for by the seller, so buyers don\u2019t have to worry about it anyway. Usually it will be a percentage of the property sale, so agree on this before it goes on the <a class=\"wl-entity-page-link\" title=\"Market (economics)\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/market-economics\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/market_economics;http:\/\/dbpedia.org\/resource\/Market_(economics)\" >market<\/a> to try and get the best price through negotiating.<\/p>\n<p>You won\u2019t be able to avoid all these fees when buying or selling a house, but in many cases these tips will reduce your overall costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whether you think you\u2019ve bagged an absolute bargain property or sold your home for a great price, when it comes to buying or selling there are many costs you need to factor in that can easily be forgotten. However, rather<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/how-to-reduce-additional-costs-when-buying-or-selling-your-home\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":13298,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[7,8],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2017\/12\/reducing-costs-image.jpg","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/how_to_reduce_additional_costs_when_buying_or_selling_your_home","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/13297"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=13297"}],"version-history":[{"count":4,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/13297\/revisions"}],"predecessor-version":[{"id":14404,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/13297\/revisions\/14404"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media\/13298"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=13297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=13297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=13297"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=13297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}