Property is often the most expensive thing a person will ever buy. And, on top of the asking price of the land and building itself, there’s the cost of stamp duty, removal services, and estate agent fees - amongst other financial outgoings. However, if you’ve decided to make the move, there are ways to avoid breaking the bank during the process. In a bid to help potential house buyers keep to a budget, the founders of property startup Knock for Sale, Chris Allen and Kerrie Powell, have shared their top tips.
Buy privately and the seller doesn’t have to pay thousands of pounds in estate agents’ commission
Knock for Sale founders, Chris Allen and Kerrie Powell
So, what are the property experts' recommendations for saving money on your move?
Consider buying privatelyIt may seem to be commonplace to head to an estate agent when you're ready to move, but it’s certainly not the only way to sell-up.
In fact, Chris and Kerrie insisted that plenty of people have bought property after carrying out “letter drops” - which means showing prospective interest in purchasing a property in a particular area.
“Buy privately and the seller doesn’t have to pay thousands of pounds in estate agents’ commission at the point of sale,” the duo said.
“They may pass some of this saving on to you when you negotiate a price.”
The founders explained that their new site Knock for Sale sends cards to properties, encouraging interested homeowners to continue the conversation securely online.
Question the asking priceWhile many people will aim to ask for the most accurate price tag, overvaluing a property can sometimes happen.
House buying tips: Buying a house won't come without its costs (Image: GETTY)
