Frequently Asked Questions about Selling Property
Common questions and answers relating to selling a property…
- How much will it cost to sell my property?
- Are there any additional marketing costs?
- Where are my Title Deeds?
- Do I need to redecorate before I put my property on the market?
- Who will conduct viewings on my property and when will they occur?
- Do I need to be present for viewings?
- If I accept an offer will my property still be viewed?
- Do I have to pay Stamp Duty?
- When do I have to move out?
- Do I have to pay Capital Gains Tax on the property?
The costs involved in selling your property consist of:
Energy Performance Certificate
It is a legal requirement to have commissioned an EPC before marketing can start. Essex Property Centre can organise this legally required document on your behalf.
Estate agent commission
Commission fees become payable once Essex Property Centre sells your property and contracts are signed. This is charged as a percentage of the sale price + VAT.
Legal fees for the conveyancing process
These vary depending on the solicitor you choose.
Essex Property Centre include all marketing expenses within our commission fee.
Your Title Deeds are proof of ownership of your property. They will be held by your bank or building society if you have a mortgage and your solicitor will obtain the deeds and let the buyer's solicitor have a copy.
Only if you feel you need to. A quick lick of paint may enhance a room if you feel its warranted
Essex Property Centre will accompany all viewings during their opening hours if desired. In some circumstances we may ask you to conduct the occasional viewing.
If we are accompanying the viewing it may be best that you are not present. However, this would be subject to whether the viewing falls between our working hours. You may need to be present if we cannot be.
This depends on the conditions of the offer.
No, the buyer is responsible for paying Stamp Duty.
On the completion date, which is mutually agreed by yourself and the buyer.
If you are selling a property that is your main home, you won't have to pay tax on it as long as you satisfy certain conditions. However, if you are selling a property that is not your main home, it is likely you may have to pay Capital Gains Tax.
