How Much Does It Cost To Sell a House in Scotland?
The cost of moving homes is not cheap. It's best to understand all costs involved so that
there are no surprises down the lines. So we have outlined a number of costs that you
should be aware of:
Estate agency fees can range from below 1% up to 3.5%, depending on the value of the
property, and your location. They ought to include certain services such as marketing
the property, creating floor plans, setting up viewings.
In order to complete the sale you'll need a solicitor or licenced conveyor. They usually
charge £850-£1,500 including VAT at 20%. It is best to shop around and find out what
each solicitor or estate agents offers you for their charge. It is not always easy to
compare like with like.
Land and Buildings Transaction Tax
This is the Scottish equivalent of stamp duty and is payable on properties costing over
£145,000, or £40,000 for second homes and buy-to-let properties. The amount due is
based on a tiered system, the more expensive the property the higher the tax.
Home Reports https://www.homereportcompany.co.uk/home-reports/ Sellers are
required by law to instruct one for interested parties. A Home Report consist of three
separate documents- a property questionnaire, an energy performance certificate and a
single survey. The cost of a home report can vary but usually it is dependent on location
and property value.
There is also the cost of physically moving houses which should not be forgotten about.
The cost of this can be managed by shopping around using reviews and getting at least
You might also want to consider other costs such as locksmiths (changing all the locks
when you move in is a sensible idea as the previous owner may have given spare keys
to neighbours and relatives ), carpet cleaning (if you are keeping the carpets these may
need a good clean especially if there have been pets or smokers in the house you are
moving to), cleaners in general (it is