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average solicitors fees for selling a house

Average Solicitors Fees For Selling A House

Solicitors are legal professionals with a vast amount of experience handling the exchange of properties. There is no need to mention that they get remunerated for their services. If you have a property to sell, you might be in need of a solicitor, and for a good hire, you may have to take many factors into consideration, such as the experience and the fees of the solicitor. The average solicitors fees for selling a house vary based on many factors. Let’s read more about it.

Solicitors

Solicitors carry out many different tasks and handle the legal aspects which have some disbursements that include stamp duty, land registry fees, and property search fee, just to name a few.

Other Costs

Aside from the expenses mentioned above, you will be charged the lawyer’s basic fee too. On average, the solicitor may charge you around £600 for a property worth about £100,000 in the United Kingdom. For houses that are over that value, they may cost up to £1,000 depending on which firm you decide to choose.

How To Get The Best Deal?

Well, the easiest way of getting the best deal is to get at least three quotes from three different solicitors. You can go online to get contact details of various solicitors and get quotes for free of charge.

What would you pay for?

Solicitors perform many important tasks for which they charge their clients. Below is what they would charge you:

  • Validation of ownership of the property

Your solicitor will get in touch with the local authorities to find out if the property is owned by the vendor they met.

  • Sale contract

This draft will shed some light on the conditions of sale. The vendor will be sent a few questions to answer, and the questions will be related to the issues that you think may need to be resolved before the sale proceeds. Probably, the contract will be between your solicitor and the solicitor of the other party. On average the process will consume around ten days.

  • The signing of the contracts

Once the contract is signed, both sides will be legally bound to follow the terms of the contract until the deal is closed. The solicitors from the both sides will be present at the time of the signing of the contract.

In short, you get what you pay for. Hiring the cheapest solicitor will not be a good idea. However, you will not need the most expensive solicitor either. As a good practice, just get a few quotes, interview the solicitor and choose one that you feel most comfortable with after considering the fees.