What are the benefits of selling my home privately?

What are the benefits of selling my home privately?

Anthea Masey (Private Sales Expert) gives expert video advice on: Why do I need an estate agent to sell my home?; How much work is selling my home privately? and more...

The main benefit of selling your home privately is that you will save the estate agent's fee, and this can be a considerable saving, because the estate agent's fee is the largest single component in your bill for selling your house. Most estate agents charge between one and a half and two and a quarter percent. So if you're selling a house of around £200,000, which is just about the average house price these days, the minimum commission plus VAT will be about two and a half thousand. The maximum will be about £3,250. If you have a much more expensive house, and after all, family houses in a nice sort of suburb of London like Onesworth start at around £650,000, the amount of commission you're paying will vary between about £12,000 and £17,000. So there are really significant savings to be made by trying to sell your house privately.