Property Example
£100,000 Market value suggested by estate agent
Less £6,000 - typical offer through estate agent 5-10% below asking price
£3000 - Estate agent and marketing fees
£750 - Solicitors fees and added costs
£3000 - six months mortgage interest at 6% pa
£6000 - discount secured on next property by being a cash buyer
£81,250 - true value of property when sold through estate agent. |