the cost of moving.

daniel80

After living in our house for the last 32 years we have decided now might be a good time to move.Ideally we would like a bungalow and looking around we would have to add about 50k to get what we want. Looking to cash in stocks and shares isa`s to fund this [in my view this could be good timing]. Anyway what I hadn`t appreciated was the total cost of moving. After all fees including stamp duty [looking to buy in the region of 300k] we have worked out a total moving cost of 18-19k. Seems like a lot to me but have checked figures with various estate agents and seems to be about right. Anyone else get a shock on moving costs or perhaps I am behind the times.

adamzetec

Stamp duty you can't do anything about and to an extend conveyancing but agent fees and removal costs can be trimmed down by using an online estate agent or hiring a van yourself.

mrsmchapman

This seems about right! I'm currently in the process, sadly stamps duty is the horrendous main cost, but that's something we can't do anything about!

tim123456789

adamzetec wrote: »

Stamp duty you can't do anything about and to an extend conveyancing but agent fees and removal costs can be trimmed down by using an online estate agent or hiring a van yourself.

Unless you work as a labourer, as a 50-something you will very much regret skimping on a "professional" move!

DIY is for youngsters only!

tim

kingstreet

If you are buying for £300k, stamp duty is going to be £9k.

So what's the other £9k for?

EA fees - £? selling price dependent
Sols - £2,200 inc VAT + disbursements (may be less)
Val (Survey) - £430 (£655 with homebuyer's)
Removal - £750 (we moved a 3 bed semi 50 miles)
Mortgage - £? port current product and go for fee-free extra?

daniel80

Estate Agent fees 4-4.5k plus vat, add that on to other fees and its not far out.

phoebe1989seb

kingstreet wrote: »

If you are buying for £300k, stamp duty is going to be £9k.

So what's the other £9k for?

EA fees - £? selling price dependent
Sols - £2,200 inc VAT + disbursements (may be less)
Val (Survey) - £430 (£655 with homebuyer's)
Removal - £750 (we moved a 3 bed semi 50 miles)
Mortgage - £? port current product and go for fee-free extra?

We've previously paid between £2000 and £4000 for removals when moving 150 - 200 miles from 5 and 6 bed houses.........but then we do have an abnormal amount of stuff

kingstreet

daniel80 wrote: »

Estate Agent fees 4-4.5k plus vat, add that on to other fees and its not far out.

What's the selling price and the agent's fee/commission?

daniel80

Selling price 250k, agent fees two at 4k plus vat and one at 4.5k plus vat.

kingstreet

Are they the only options?

Other agents in the area, or other marketing options, perhaps online?

I'd be looking to save on those fees. Perhaps offering 1% + VAT with a quick sale bonus? Some will turn you down, but I bet you fond some who take you up on it...

mrsbmartin

haggle on the agents fees...my friend knew her house would sell super quick so demanded that they geve her a rate of 1% inclusive of VAT...it sold in 2 days and the agent basically made the cash for doing very little indeed!!!