If you’re fed up with the hidden fees that come up when buying and selling homes, you’re not alone. For too long, it’s been an expensive and stressful time for sellers — and while being a lucrative business for estate agents. Any estate agent willing to deliver you the best service, without the huge price tag, is a definite game-changer and there’s a reason Strike have won the Online Estate Agent of the Year for two years running: they sell homes faster than any other top agent in the UK — and they sell for an average of £6,800 more.
BEWARE HIDDEN FEES
A huge challenge for home sellers trying to choose an estate agent is all the fees and contract terms. They can vary from agent to agent and all of the jargon is definitely confusing. Most agents charge a fee based on a percentage of your house’s selling price – which can be anywhere between 0.5% and 3.0% plus VAT, depending on the type of contract.
You also need to look out for ‘sole selling rights’ and the sole agency lock-in period which varies dramatically across agents. When you’re moving, these upfront costs can be huge — and daunting, which is why Strike has plenty of guides for all of the different costs and everything you need to know on their website. These can really help put you in control of the moving process.
UPFRONT COSTS – MOST AGENTS
The deposit: As little as 5%, but normally more like 15%-20%.
Stamp duty: A land transfer tax on properties above £125,000 — the rate varies depending on the price of the property.
Solicitors fees: Normally around £850-£1,500, but Strike offer a flat-fee service.
Strike can offer everything you need to get on the market — photos, floorplans, listings on Rightmove and Zoopla — for FREE. You can manage viewings, offers, and communicate directly with buyers in their app — or have a Strike agent do the legwork, ensuring professional negotiation at every step to make sure you get the best possible price for your home.
HOW WE CAN BYPASS THESE FEES
Strike have waved goodbye to pointlessly high fees and found a better way to sell your home. They make money through optional extras along the way, but you never have to use them. It’s your sale, it’s your choice.
Strike offers a fully-managed sale, from start to finish. You’ll have a team of property experts and can manage your listing in your mobile hub with a click. And it’s free. Really, truly free.
Not sure how much you can borrow? Wondering whether you have the best deal for you? Strike has helped over 7,000 people find their perfect mortgage. Going to your bank isn’t the usually the best way to get a mortgage. Whether you’re looking for your first mortgage or wondering if there’s a better deal out there, Strike Financial Services is there to help with their mortgage advice service, designed to get you into your dream home.
Strike has access to over 12,000 mortgage deals to make sure you’re getting the best possible rate — and having a mortgage broker on your side can make all the difference. And again, Strike will do all the legwork for you.
Whether you’re looking for a mortgage, a survey quote, or a moving services and bill switching, Strike’s on a mission to make moving easier, for everyone.
Read more on their site and see why Strike are the people to help you move.
Disclaimer: This is a paid article from Strike
MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence.