How much will it cost to sell my house?

Question

We have got into a bit of financial trouble and are selling our house to move into rented accomodation. In what order do things get paid on completion - do solicitors take their fees first and then pay off the mortgage or will we end up owing the solicitor money if we sell for less than our outstanding mortgage?

Answer 1

Not sure where you are...normally 6 percent

Answer 2

Fees are normally taken out at the time of closing the sale.  Then the holder of the mortgage gets what is owned them at the time of closing.  If there is money left over, you get it.  If the amount didn't cover the fees and mortgage then you will owe the balance.  And if I remember correctly...it is due at that time.

Answer 3

Usually estate agents take a percentage of the selling price...which if you think about it, is astronomical !!!!

Can you imagine just 1% ? that's £3,000 !!!

I would strongly advise those new website offering to sell your house privately. They charge a fix fee, usually around £500 to £1000. Sometimes charge only when the sale is completed, and sometimes they often offer "For Sale" board for free.

http://www.londonlettingagency.com/sell....