They also tend to want you to use their own / partnered lender a lot of the time.
Nuts. Any GOOD agent will be checking the "quality" of the buyer. We went with our buyer as they seemed ready to go, and they were. Their buyer, introduced by Your Move, were not ready, despite thinking they were. If they had done this, we would have held out for more £, rather than a quick sale.
Our agents (selling and buying) checked the status of our mortgage position prior to advising that we accept the offer.
I've sold both my houses direct without an estate agent, I checked all the buyers credentials myself.
Just not sure I would ever trust an estate agent to do stuff like that :)
Purchase price of property
Rate of SDLT (percentage of the total purchase price)
£0 - £125,000 0% £125,001 - £250,000 1% £250,001 - £500,000 3% £500,001 - £1 million 4% Over £1 million - £2 million 5% Over £2 million 7%
As to paying it, what happens is, your solicitor will gather all monies together on completion day and give you a breakdown of what is paid to whom.
And a further thought on moving; more of a "Life Hack", that only occurred to me when faced with a mountain of boxes on Friday evening. How relevant this is to you depends on how much "stuff" you are moving. We had one 7.5T truck, two 3.5T trucks, one of which went back for the plants and garden furniture. Good thing it was only a 500m move!
Buy some plastic crates of a colour you don't have any of at the moment. Over the week or so of your preparation, ONLY pack the things you are going to need over the next few days (drugs, relevant paperwork, keys*) in them. Keep a few of these crates spare for the actually leaving the house morning. Put all the things you can't pack in advance in them. These are likely to be things you are going to want as soon as you get to the new place. (Tea, coffee, kettle, a few mugs/glasses, modem, laptop). When faced with floor to ceiling boxes, the important ones will stand out.
LABEL EVERYTHING! Even the binliners full of dirty laundry. Stick parcel tape across the top, and label them.
*I spotted that the keys for my motorcycle were in the dresser when it was already on the van, and seriously boxed in. No problem, but inconvienient. I wonder where my work keys are?
If you get the right one, they will bend over backwards for you and really help you sell your property - mailing databases, quality of potential buyers, liaising with solicitors, surveyors, checking they have funds, mortgage in principle, removals, EPCs, floorplans, going on all the property portals rather than just RIghtmove, professional photography the list goes on - then obviously the negotiate the best price for you selling!
Thanks @Andrew_C I'd got confused with something else, it is 1% & of course there are other bands but assumed being first timer he'd stick in the bottom 2 bands.
A good idea is 20% of the house value.
Keep 1/4 of that aside for the following
Solicitors fees, stamp duty, estate agent fees. The remaining will give you a nice sum for any costs not factored in (hiring a removals company etc)
And for your are @mac_shinobi houses under £150k tend to be 1-2 bedroom houses, judging by your needs from what I know of you, you'll need a 3 bed minimum.
Solicitors £5K tops
Movers £1k (depends, about what we paid for a heap of stuff, but nearby)
On our £250,000 buy we've spent sort of £7000. More than we'd hoped, but the "bank of dad" is helping with a "loan" to do some bits around the house :)
Looking at a 3 bed in our area and a max of 150k