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Robert Ellis Estate Agents

35 years experience selling and letting properties in your area.

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Beeston Estate Agents

Navigating the Financial Side of Selling Your Home

Navigating the Financial Side of Selling Your Home

It’s commonly said that a house is the most expensive thing most of us will ever buy – but it’s not so often mentioned that it’s also the most expensive thing most of us will ever sell as well. Making sure you get the best possible price for it is therefore essential – get it wrong and you could be out of pocket by several thousand pounds.

But there’s more to selling a house than simply agreeing a price and pocketing the proceeds (or, more usually, using them to buy your next home).

This month, the team at Robert Ellis Estate Agents is looking at the real cost of selling a house, providing everything you need to know to help you find your way through the financial maze that comes with selling property in the UK.

 

Getting an accurate valuation

The starting-point for any successful house sale is putting it on the market at the right price. Market it at too high a price and you’ll probably scare off potential buyers. Market it at too low a price and you could end up losing thousands of pounds.

When deciding which estate agents to ask to value your home, make sure you ask friends and family in the area for their recommendations on ones they’ve had a good experience with in terms of getting the right price for their home within a reasonable time period.

Here at Robert Ellis, some of our valuers have been working in the area for over 20 years. We’re sure that you won’t find any other estate agent with both the right local knowledge and the commitment to making sure that you’re totally happy with the final price.

Couple sitting on sofa talking to financial advisor

 

Agreeing a price with your buyer

When someone is interested in buying your home, they’re unlikely to offer the full asking price immediately unless there’s a lot of interest, so you may well have to negotiate. 

How quickly you want to make the sale will have an effect on how far you’ll be willing to go under the asking price, but a good estate agent will keep you up to date on the interest you’re getting and be able to provide advice on the best way to proceed. Don’t forget that in most cases, the higher the sale price, the higher their fee, so they do have an interest in getting the best value for you!

The other thing that may affect the final price is the survey on your property – if it turns up a major issue that wasn’t obvious at the viewing, your buyer is likely to want a drop in the price to reflect the cost of putting it right. Of course, you don’t have to agree to their request, but the chances are that the same will happen with any other potential buyers who come along afterwards.

 

The costs of selling a home

  • Estate agents fees – most estate agents charge a percentage of the final selling price, so you’ll need to remember to subtract this from what you get from the sale (don’t forget to take VAT into account as well). Some companies charge a flat fee from the outset, but once they’ve got their money, you might reasonably wonder whether they have the same incentive to achieve the best possible price for you.
  • Conveyancing fees – whether you’re buying, selling, or doing both at the same time, you need to take into account the cost of a solicitor to do the legal work. When you’re selling, this could include negotiating with your buyer’s solicitor over any issues, switching or paying off your mortgage, and drafting and exchanging contracts. If your property is leasehold, this is likely to mean more work for the solicitor and a higher cost for you.
  • EPC – if you don’t already have an EPC (Energy Performance Certificate) for your property, you’ll need to have one prepared before you can sell it.
  • Removal costs 
  • Mortgage – whether you’re transferring your mortgage to a new property or paying it off completely, you may need to pay administration fees or early completion charges. Check with your mortgage provider to find out what you’ll have to pay (if anything).
  • Capital Gains Tax – this only applies if the property that you’re selling is not your main residence. If you are liable, it will be based on the difference between what you bought it for and how much you sell it for, although you can offset the costs of buying and selling it, along with the cost of any improvements you’ve made.
Mid adult couple working on home finance

 

When you choose Robert Ellis Estate Agents to market and sell your home, you won’t only be getting some of the best local knowledge in the business, unrivalled levels of customer care and the best and most effective modern marketing tools on your side. We’re also committed to being totally transparent regarding any costs you’ll need to pay and are determined to make sure you get the possible price for your property within your preferred timescale.

Start the process of selling your home by getting a valuation from Nottingham’s Number 1 Estate Agent today. Fill in our online form now to arrange a free valuation or get in touch by calling your local office for more information.

Robert Ellis Team

About Robert Ellis

Robert Ellis is a leading estate agent that has been facilitating house sales and rentals for customers across Nottingham and the surrounding towns and villages for over 35 years. They have branches in Beeston, Long Eaton, Arnold and Stapleford offering residential and commercial sales and lettings, property management services and mortgage advice. With houses, flats and commercial premises to suit all tastes, budgets and preferences, the team at Robert Ellis provides a friendly and comprehensive service for buyers, sellers, landlords and tenants alike.

Their expertise in all areas of the property market is reflected in the positive reviews they have received from previous customers, with a rating of 4.9 out of 5 from over 2,500 reviews on Reviews.io. They are also multiple Gold-winning estate and lettings agents in the British Property Awards 2022-2023 and received a Gold Award for both sales and lettings in the Best Estate Agent Guide 2023.

To find out more about Robert Ellis estate and letting agents you can read our about us page here

Find Your Nearest Robert Ellis Branch

Our happy, experienced team can lighten your workload and brighten up your day

Arnold Sales & Lettings

78 Front Street,

Arnold,

Nottingham

NG5 7EJ

0115 6485 485 Find Out More

Beeston Estate Agents

12 High Road,

Beeston,

Nottingham

NG9 2JP

0115 922 0888 Find Out More

Beeston Lettings

130 High Road,

Beeston,

Nottingham

NG9 2LN

0115 922 9090 Find Out More

Long Eaton Estate Agents

5 Derby Road,

Long Eaton,

Nottingham

NG10 1LU

0115 946 1818 Find Out More

Long Eaton Lettings

11 Derby Road,

Long Eaton,

Nottingham

NG10 1LU

0115 946 6946 Find Out More

Stapleford Lettings

30 – 32 Derby Road,

Stapleford,

Nottingham

NG9 7AA

0115 949 6740 Find Out More

Stapleford Sales

30 – 32 Derby Road,

Stapleford,

Nottingham

NG9 7AA

0115 949 0044 Find Out More

The Mortgage Company

50 – 52 Market Place,

Long Eaton,

Nottingham

NG10 1LT

0115 951 8898 Find Out More

Arnold Sales & Lettings

Beeston Estate Agents

Beeston Lettings

Long Eaton Estate Agents

Long Eaton Lettings

Stapleford Lettings

Stapleford Sales

The Mortgage Company

Find Your Nearest Robert Ellis Branch

Our happy, experienced team can lighten your workload and brighten up your day

Arnold Sales & Lettings

Arnold Sales & Lettings

78 Front Street,

Arnold,

Nottingham

NG5 7EJ

0115 6485 485 Find Out More
Beeston Estate Agents

Beeston Estate Agents

12 High Road,

Beeston,

Nottingham

NG9 2JP

0115 922 0888 Find Out More
Beeston Lettings

Beeston Lettings

130 High Road,

Beeston,

Nottingham

NG9 2LN

0115 922 9090 Find Out More
Long Eaton Estate Agents

Long Eaton Estate Agents

5 Derby Road,

Long Eaton,

Nottingham

NG10 1LU

0115 946 1818 Find Out More
Long Eaton Lettings

Long Eaton Lettings

11 Derby Road,

Long Eaton,

Nottingham

NG10 1LU

0115 946 6946 Find Out More
Stapleford Lettings

Stapleford Lettings

30 – 32 Derby Road,

Stapleford,

Nottingham

NG9 7AA

0115 949 6740 Find Out More
Stapleford Sales

Stapleford Sales

30 – 32 Derby Road,

Stapleford,

Nottingham

NG9 7AA

0115 949 0044 Find Out More
The Mortgage Company

The Mortgage Company

50 – 52 Market Place,

Long Eaton,

Nottingham

NG10 1LT

0115 951 8898 Find Out More

-/5

Verified customer feedback

- rating based on

- reviews

Excellent

  • Alice

    The branch completed a challenging house move for us. There was a double transaction with us buyer the neighbours land at the same time as the house....Mark was very understanding and patient with the complications and we are very happy with the service we received. Thank you.

    3 days ago

  • Clint Elliott

    Friendly staff with a professional attitude, did very well at selling the property with minimal hassle in a currently turbulent market.

    1 week ago

  • Adam Watters

    Lorraine and the team was very helpful and informative, always keeping me upto date on purchase.

    1 week ago

  • Robert Day

    Would like to thank everyone who has helped me and Emma sell 30 Wood avenue, keeping me updated. THANK YOU 😊.

    1 week ago

  • David

    We have received excellent service from your Long Eaton Office especially from Caroline who has been extremely helpful & a calming & knowledgeable inf...luence especially with our purchase of a new build property. We have not dealt with your estate agency before & although very stressful at times for ourselves, as our first prospective purchaser pulled out, Caroline was very helpful & approachable & contacted us regularly to keep us updated on progress. I can't recommend her highly enough. Many thanks again Caroline Best regards Liz & David

    1 week ago

  • Adrian

    Even in a fairly difficult house sale , the staff at Robert Ellis were very knowledgeable and supportive . I'd also like to give a special thanks to J...oely who was particularly helpful in the whole process . Thanks to all the team , and I would certainly recommend Robert Ellis to anyone else . Thanks , Adrian Bowley

    1 week ago

  • Rachael

    Harry Hackett and Joely Golding at the Long Eaton branch were wonderful! They were so helpful and would come at the drop of a hat to let us into the p...roperty to view, measure up and get quotes ahead of the completion date. They even offered advice on options for inside the property, which we have taken on. Everything was super efficient and we would highly recommend them! 😊

    1 week ago

  • Yulan

    Caroline has been very helpful, always friendly during our process of selling our house.

    2 weeks ago

  • Pam

    Wonderful staff, especially Holly, nothing too much trouble. Kept informed of progress throughout the sale. Helped all the way.

    2 weeks ago

  • David Green

    Thank you to Holly Who was all ways able and willing to offer advise And always available . Dealt with my enquires straight away and always return...my calls. I Never felt that anything was to much trouble for her. Excellent service.

    2 weeks ago

  • Emma Thrall

    It hasn't been an easy journey but Holly Torr at long eaton has kept us up to date and sane throughout the process thanks Holly!

    2 weeks ago

  • Rae Murphy

    Absolutely recommend purchasing through Robert Ellis Stapleford - especially happy with Beth at the branch. She was amazing from start to finish!

    2 weeks ago

  • Sally-Ann Roberts

    Brilliant service, was notified every step of the sale and a really friendly team .

    2 weeks ago

  • Mark

    Dawn was wonderful, helping me to sell my home and find a new one that I had not considered. She kept me informaed throughout and was always available...to help. Thank you Dawn.

    3 weeks ago

  • Frankie

    I would like to thank Joely at the Long Eaton office for her kind help and quick responses throughout the home buying process. Highly recommended...for her service. Wish to give her a 10* rating if I could!

    3 weeks ago

  • Gayle

    What a long journey this house sale has been - lots of ups and downs (due to 2 failed sales - not due to Robert Ellis) ....so lots of stress. This jou...rney has defintely been made much more tolerable by the lovely relationship we have established with Joely and Holly. They have kept us well informed and always been available to update us with honest, reliable information. Joely, in the later stages of negotiations even responded, on what I know, were days off work. I have so appreciated being able to speak to the team when required.. always caring and respectful and had empathy and understanding. We have received and very professional but personal service I feel. Highly recommend.

    3 weeks ago

  • Lynne

    Excellent service, our sale went through smoothly and we were kept up to date on progress by Holly Torr at every stage. Very professional and will be...more than happy to recommend.

    3 weeks ago

  • Kathryn

    Joely was fantastic during our first house purchase. She was professional and worked hard to push things along, and was always lovely to interact with...if we had questions or wanted updates. I wouldn't hesitate to recommend Robert Ellis based on our experience with Joely!

    3 weeks ago

  • Sue

    Joely is absolutely amazing. She looked after us from start to finish with the sale of our property!

    3 weeks ago

  • Toni

    Dawn Stokes at Robert Ellis has done an amazing job in helping me to sell my family home - more like 10 stars not 5 :) so efficient and always on the...ball - Thanks Dawn xx

    3 weeks ago