"Will I get more from selling on the open market?"
"Will I get more from selling on the open market?"
Sep 11, 2024
If you have the time, patience and maybe a bit of luck, you might find a buyer who wants to buy at the speed you want to sell. You may think their offer is good, but have you taken into account the hidden costs of selling?
| Quick Sale NI | Open Market | |
| Asking price/market value | £100,000 | £100,000 |
| Property offer accepted | £80,000 – guaranteed sale | £95,000 – no guarantee of sale |
| Agents fees | £80,000 – we cover these if they apply | £93,812 – typically 1-1.5% |
| Agreed price after property survey | £80,000 – we buy any property in any condition | £88,812 – the surveyor found faults so you’ll have to pay to correct them |
| Take off solicitors fees, plus charges for searches and Land Registry | £80,000 – we cover these | £87,250 |
| Property bills to pay while you waited to find a buyer and complete conveyancing | £80,000 | £81,500 – add up the cost of your mortgage, insurance, rates, utility bills for say 6-9 months, plus a bit more for inflation and interest rate changes |
| Final cash | £80,000 – completed in weeks | £81,500 – completed 6-9 months later and you’re no better off with inflation at 2% |
Want to do your own maths? Get in touch for a guaranteed offer.