Preparing to Sell

About this guide

Preparation is key when it comes to a successful house sale. There are many steps to think about before you sell your home, from setting the value of your house to hiring professionals to help throughout the process. 

Compare My Move share expert advice to ensure you’re prepared to sell your house, whether you’re a first-time seller or an experienced seller, we cover everything that is vital for a smooth house sale

  • 1. How much does it cost to sell a house?

    Selling your house will come with many costs, some that you have to pay upfront and some you will have to pay after the sale. The main costs included in selling your home are estate agent fees, conveyancing fees, conveyancing disbursements, surveying costs, mortgage fees, EPC costs and removal company costs.

    Each seller will experience different costs depending on the size of your home, the value of your home and the location of your home.

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  • 2. A step-by-step guide to selling your home

    There are certain steps you must follow before, during and after the selling a house process. To sell your house you must find an estate agent, get a property valuation, set your asking price, hire a conveyancer and prepare your property for sale. The more you prepare beforehand, the easier and quicker you’ll be able to sell your house.

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  • 3. How to prepare your property for a sale

    Now that you’ve decided to put your property on the market, it’s time to begin preparing your house for the sale. Your first step for a smooth process is to ensure that your property is as attractive to potential buyers as possible.

    You need to ensure your property is ready for selling. There are easy ways to prepare your property for sale, from decluttering your house to tidying up your garden. By taking the time to get your home ready for a sale, you’ll increase your chances of a successful sale.

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  • 4. How much are estate agent fees for selling?

    The average estate agent fee for selling a house is 1.18% of the final sale price of your home. The typical fee for a high-street estate agent is usually between 1-3% whilst online estate agents will charge a fixed fee. Our experts review the full costs that come with selling your home with estate agents.

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  • 5. What is Capital Gains Tax?

    Capital Gains Tax is a tax on the profit you make when selling property that has increased in value since you bought it. You do not pay CGT when selling your main home, only properties you would be making a profit on. The rate will vary based on a number of factors so it’s important to do your research beforehand.

    From when to pay to reducing your tax bill, with the help of our finance experts, we go through everything you need to know about Capital Gains Tax when selling a house.

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  • 6. What questions to ask estate agents when selling?

    Ensuring you ask your estate agent the right questions before selling your home is vital. It’s important to know what your estate agent is offering and how much it’ll cost before you sign a contract with them.

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  • 7. How Much is My House Worth?

    Ultimately, every homeowner will want to sell their home for the current market value - and more than what they paid for it. However, as a general rule, sellers can expect between 95% and 99% of their asking price.

    Consulting with an estate agent or independent valuer is recommended to get an accurate valuation on your property. This will also help you settle on an asking price. Your own research will also be useful, reviewing nearby similar properties which are for sale or have sold recently.

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  • 8. Selling a property with a help to buy loan

    Although the Help to Buy Equity Loan is a helpful way to get onto the property ladder, homeowners who have used it are not always aware of the implications it has when it comes to selling their property.

    In this article, we will discuss the process of selling a home you’ve purchased using a Help to Buy Equity loan and how it may differ from traditional selling.

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  • 9. How to choose an estate agent when selling your property?

    When it comes to selling your property, one of the most important steps in the process will be choosing the right estate agent. With the average price of selling a house sitting at £2,765 (based on the average UK house price of £234,790 as of January 2020), you will want to make sure your money is well spent.

    The agent will be representing both you and your home so you will want to make sure you pick an estate agent who you feel will do this best, based on a combination of their accreditation, reputation, valuation, fees and marketing.

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  • 10. How to Sell Your House at Auction

    Before committing to selling at auction, you will want to have a solid idea of what the process entails. From deciding whether your home is suitable for an auction house, to reviewing the process and fees.

    Selling at auction is often a good route if your property is in bad condition or needs some TLC. Many auction-bidders, such as developers or builders, are on the lookout for a “fixer-upper”. This is ideal if your property is considered “unmortgageable” due to its condition. On average the auctioneer will take 2.5% of the sale price.

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  • 11. Rightmove or Zoopla: Which one is best for you?

    Whether you’re selling your property or buying a new one, using an online property portal can be a great way to speed up the process - almost 95% of property searches begin on a portal. Instead of checking the local papers or high street estate agents, buyers can browse online and increase the amount of interest a property receives.

    Rightmove and Zoopla are the most popular property portals, with newcomer OnTheMarket increasing competition. In this article, we will discuss the two most popular and well-known portals and the key tools they offer to aid you in the process.

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  • 12. Selling a Buy to Let Property

    Selling a Buy to Let property will differ from selling a standard vacant home, so you will need to make sure you are prepared before proceeding.

    It is entirely possible to sell the property with tenants. Properties can exchange hands without much disturbance or change to those renting the property. Both experienced and budding landlords would be keen to take on a property with existing tenants. However, selling the house vacant opens up the property to other buyers, for example, those looking to live in the property full time. As a result, this can potentially mean a higher selling price.

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  • 13. When is the best time to sell my home?

    The best time to sell your house will depend on your location, property type and circumstances. When the market is ‘hot’ and demand outstrips supply, homes sell quickly - especially if they are competitively priced. If the market is ‘cold’ and supply is plentiful, homes take longer to sell…and some do not sell at all.

    Compare My Move work with property industry experts to bring you insightful and fact-checked articles on everything moving house. This guide offers a detailed look at the best time to sell a house in 2020, including each nations’ favourite month to move and the average days it takes to sell.

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  • 14. Selling your house online

    In recent years, the majority of buyers start their property search by looking online. As of the fourth quarter of 2019, online agents had a market share of 7.9% of exchanges in the United Kingdom.

    Not only is the process cheaper online than via a high street agent, but it can also be more convenient. With the internet accessible 24/7, the likelihood of your property being considered by a prospective buyer increases. This could mean a faster sale and many offers from buyers.

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  • 15. What is a quick house sale company?

    If you’re looking to sell your home quickly, you may be tempted to use a quick house sale company or cash house buyer. The company will offer to purchase your property at a discounted price and claim to make a quicker sale compared to traditional methods. However, not all companies are reputable and there are ways homeowners can be misled.

    Using a quick sale company does not always guarantee a quick sale and many homeowners lose out financially during this method. There are benefits to consider before deciding, but choosing the right company is vital in ensuring a successful sale. In this article, we will discuss what a quick house sale company is, why you may be tempted to use them and how important it is to ensure they’re a reputable firm.

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