How Much Will a Solicitor Charge to Sell a House?

Posted by William Gallegos on August 30th, 2022

Several concerns you have as you prepare to put your property on the market, including: "What should I ask for it?", "Where should I place my ad?" and "How will I transport my furniture and other items?" You are also likely furiously hammering away at a calculator, drawing up budgets and figuring p how much a house move will cost.

If this describes you, we suggest adding one more expense to your budget: legal fees. However, legal costs can quickly mount up if you ignore them in favour of the more visible expense of using an estate agent. Keeping this in mind, we've put together an article that outlines what you may expect regarding legal costs when selling a standard home.

How Much Is the Legal Fee?

A legal expert – whether a solicitor or conveyancer – offers a highly specialised service that assures the legitimacy of the transfer of ownership of your home and takes a massive weight off your shoulders. Such complex art comes with a price tag, of course. Based on the size of your home and the profit you stand to gain, these solicitors' fees for selling a house may seem negligible or substantial.

How Are Legal Fees Estimated?

The essential component in deciding your conveyancing fees is the nature of the transaction; the more involved the sale of your property is, the more your legal fees will cost. Some properties have an uncomplicated ownership structure with similarly non-complicated buyers, thus meaning that there is little more work for your legal expert to undertake besides setting up a basic transfer of ownership. Other homes have complicated legal issues that require careful legal procedures and extra attention to a number of important factors.

Both lawyers and licenced conveyancers can manage the legal transfer of land and property. Because they exclusively deal with land transactions, a licenced conveyancer is usually the most cost-effective option. However, if your transaction is complicated and includes other legal elements like divorce, probate or bankruptcy, it is advisable engaging a solicitor who is fully versed in all parts of the law because a conveyancer's knowledge is restricted primarily to property conveyancing legislation. However, make sure you hire conveyancing solicitors in Harrow who do conveyancing work regularly so that they are up to speed on the procedure.

Should You Seek Fixed-Rate or Percentage-Based Conveyancing Fees?

If you know how much your property is worth and how complicated the sale will be, it will be easier for you to choose a lawyer. Like estate agents, some real estate brokers offer flat fees, while others take a percentage of your home's selling price as their commission. Since you know the elements surrounding your unique transaction, you can shop and find the best service for the lowest price. For example, if you sell a small home and the transaction will be very uncomplicated, you will most likely save money with a percentage-based conveyancing charge. If the latter is true, try to negotiate a set price that satisfies both parties.

Hire the best conveyancing solicitors in Hereford right now and ease your worries!