The True Costs Of Selling
Common sense is the strongest reason for selling to Westfield. Consider the true costs associated with selling your property
on the open market, with a typical example shown below (taking just 9 months for the sale to go through - many can take much longer). Then
compare this to the cash offer from Westfield shown below. Both examples are based on a property placed on the market at £175,000 with an outstanding mortgage of £125,000.
With traditional selling:
- Estate Agents value property between £150,000 and £180,000.
- Property put on the market at £175,000 for quick sale.
- Property reduced to £170,000 after 2 months and £165,000 after further 4 weeks.
- After 5 months a young couple offer £160,000. You accept, hoping for a quick sale.
- Solicitors instructed to draw up contracts, buyer unexpectedly pulls out. Abortive sale.
- Property back on the market for £155,000 for quick sale.
- Another buyer comes along, turned down for mortgage (undisclosed County Court Judgements) after 5 weeks.
- Back on market at £150,000. Another buyer offers £146,000 and the sale proceeds after 9 months.
| Costs of Traditional Selling |
Costs after 9 months could be as follows:
| Solicitors fees for contracts/services: |
£950 |
| VAT on solicitors costs: |
£166 |
| Agents Fees: |
£2,190 |
| VAT on Agents Fees: |
£383 |
| Agents Advertising Costs (usually payable monthly): |
£1,250 |
| Agents Disbursements, For Sale Board, Details, Photos etc: |
£250 |
| 9 months mortgage £768 per month *: |
£6,912 |
| Additional costs to you therefore: |
£12,101 |
| * Based on a standard Halifax BS mortgage of £125,000 current 01/12/2005 |
The final agreed sale price of £146,000 less your costs:
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| Selling to Westfield |
Step One
Ring Westfield
By choosing Westfield Property we can promise the following:
- guaranteed price from day one
- no legal/estate agents fees to pay
- speed and flexibility of completion
You will also avoid the usual problems and pitfalls of "traditional selling":
- inconvenience of time wasters
- unreliable viewers
- prying neighbours
- buyings pulling out at the last minute
a quick, stress-free and cost effective way to sell your house
(In addition, we pay £500 towards your legal costs)
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Importantly, with our cash offer, you are now in a
fantastic position to command a
substantial discount off your next property, far and above the £2,649 "difference" in the figures shown above. You can therefore be
far better off selling to Westfield.
