The acronym FSBO stands for FOR SALE BY OWNER

 

 

 

 

What can I save?

Although Estate Agents fees vary depending on the area and their policies and can be as high as 3% in exceptional cases, you are unlikely to find any agent offering a rate of less (or even interested in actively promoting the sale of a property for less than) 1.5%. You should also note that VAT is chargeable on this as well! The taxman wants his 17.5% slice. Based on these figures the potential savings are:

Selling priceAgents commissionVATTotal cost
£100,000£1,500£262.50£1,762.50
£200,000£3,000£525£3,525
£300,000£4,500£787.50£5,287.50
£400,000£6,000£1,050£7,050
£500,000£7,500£1,312.50£8,812.50
£750,000£11,250£1,968.75£13,218.75

Private sales sites typically have charges of less than £100 for their basic services.