Bloody moving costs

[Frimley111R]

Rounded up to £40k! Just to move from current house to a new one. New house is c£550k.

Talk about the govt doing everything possible to stall the housing market. Have any of you simply said 'fk it, its stupid money to move, we're staying!'?

[Drumroll]

Why are you blaming the government? Intrigued as to how £40K is going into the government.

[anonymous-user]

Drumroll said:

Why are you blaming the government? Intrigued as to how £40K is going into the government.

A big chunk of that £40k is stamp duty, I assume.

[Sarnie]

Frimley111R said:

Rounded up to £40k! Just to move from current house to a new one. New house is c£550k.

Talk about the govt doing everything possible to stall the housing market. Have any of you simply said 'fk it, its stupid money to move, we're staying!'?

Assume you own more than one property?

[Deerfoot]

Frimley111R said:

Have any of you simply said 'fk it, its stupid money to move, we're staying!'?

My wife and I were doing some rough calculations this morning, once estate agents fees, conveyancing, removals and duty costs were added up (way less than your £40,000 by the way) we both looked at each other with the same "fk it" look.

It's dead money and it's only a whim really, we don't need to move.

We're undecided at the moment....

[dickymint]

I used Pickfords cost about 600 quid ...........................................;)

[dave_s13]

Can you extend your current place for less than 40k to make it perfect......if not then that's just the way it works!

[fatboy b]

Drumroll said:

Why are you blaming the government? Intrigued as to how £40K is going into the government.

Always someone else's fault, that's why.

[T5SOR]

My moving fees are about £20-25K on the property we are moving to. Once the estate agent has 1% of your sale, solicitors to sell, solicitors to buy, stamp duty etc etc. It adds up very quickly!

[TheLordJohn]

fatboy b said:

Always someone else's fault, that's why.

Well at least he seems to live somewhere where the stupid changes to SDLT should have an affect. (Not to mention the reason they were deemed necessary!)
Meanwhile, in the rest of England where a 3 bed terrace is £150k, not 750, we'll also get hammered with the ridiculous new rules.

Edited by TheLordJohn on Sunday 15th January 09:56

[valiant]

dickymint said:

I used Pickfords cost about 600 quid ...........................................;)

Where did you move, next door??

They quoted me just shy of £2k for a 60 mile move without packing service. We went elsewhere.

Op, we moved back in September and all in cost us around £17k with around £6.5k being stamp. Moving is expensive

[Vron]

T5SOR said:

My moving fees are about £20-25K on the property we are moving to. Once the estate agent has 1% of your sale, solicitors to sell, solicitors to buy, stamp duty etc etc. It adds up very quickly!

Why anyone is paying an estate agent 1% in the days of online agents like Housenetwork for £800 all-in I do not know. I've used them four times. I'll never use a high street agent again despite their bleating about 'service' and 'having premises in the area' everyone looks on Rightmove now. The days of high Street estate agents and paying them thousands of pounds for a few phonecalls and printing off a few brochures are finished.

[boxst]

Vron said:

Why anyone is paying an estate agent 1% in the days of online agents like Housenetwork for £800 all-in I do not know. I've used them four times. I'll never use a high street agent again despite their bleating about 'service' and 'having premises in the area' everyone looks on Rightmove now. The days of high Street estate agents and paying them thousands of pounds for a few phonecalls and printing off a few brochures are finished.

Yes, I am just about to put my house on the market and 1% seems crazy. Quite a few around here will do a flat £5K, but even that seems excessive. In looking at houses, the only thing that I can see justifies this is that they ALWAYS show us around, as opposed to the owner doing it. I have mixed feelings about this, I quite liked the owner doing it and would be happy to show people around our house.

[dazwalsh]

Its a ploy to move people to the north where you can buy a 4 bed detached for 50p and not pay any stamp duty.

[NewNameNeeded]

Vron said:

Why anyone is paying an estate agent 1% in the days of online agents like Housenetwork for £800 all-in I do not know.

I thought the same but there are occasions where an estate agent makes financial sense (can't believe I'm standing up for them 😊).

We lived in an outer London suburb and the sale price we achieved was vastly higher than if we'd used an online agent because the estate agent used inner London branches to bring cash rich customers out to our borough. I don't imagine a lot of those buyers would have considered moving out that far using only an online search tool. In fact half those who viewed our house said they'd never even considered the area until the estate agent suggested it, and some of those put in offers.

[MikeGoodwin]

Worst I have a 550k house thread ever.

Inb4 jealous. Mines more than that

Sucks doesnt it.

[Drumroll]

Inkyfingers said:

Drumroll said:

Why are you blaming the government? Intrigued as to how £40K is going into the government.

A big chunk of that £40k is stamp duty, I assume.

Maybe true but for a lot of us who don't want to buy/ can't afford a £550K house it doesn't really register.

[m3jappa]

Currently moving myself and can't see where some of these costs are coming from

Solicitors buying and selling approx 2.3k
Estate agent, agreed 2k plus vat
Moving lorry or vans? Luckily got my own vans but even if it was 2k.....
Stamp duty (depends on house).

So I'm not sure how someone above paid 6.5k out in stamp but their total was 17k . Was it higher agents fees, higher solicitors fees and moving costs alone or am I missing something here and due another big bill

[Frimley111R]

MikeGoodwin said:

Worst I have a 550k house thread ever.

Inb4 jealous. Mines more than that

Sucks doesnt it.

Lol, but I don't. Its just the insane 'charges' etc to move from one location to another, SD being a big part of it but not the only part.

Our place is fine for us two but I just want a bit more space downstairs and money won't extend land so its basically burning £40K with nothing to show for it.

[T5SOR]

Vron said:

T5SOR said:

My moving fees are about £20-25K on the property we are moving to. Once the estate agent has 1% of your sale, solicitors to sell, solicitors to buy, stamp duty etc etc. It adds up very quickly!

Why anyone is paying an estate agent 1% in the days of online agents like Housenetwork for £800 all-in I do not know. I've used them four times. I'll never use a high street agent again despite their bleating about 'service' and 'having premises in the area' everyone looks on Rightmove now. The days of high Street estate agents and paying them thousands of pounds for a few phonecalls and printing off a few brochures are finished.

I don't have much experience with online estate agents, but I have heard bad things. It's £800 upfront and that is if you sell or not. I don't have to show people around and take days off work with an estate agent. I can't do evenings as I have a 3 year old, so daytime is the only option.

My local estate agent sells most the house where I am and know the area very well. I agree it does seem a bit steep, but not sure what other options there are. I'm sure it was more on our last house (1.25-1.5%).

What I can say for them though is that on the last 2 houses they sold for us they got more than we wanted and even got more out of the buyer when we were happy with the offer (knowing they could push for more).

Edited by T5SOR on Sunday 15th January 20:32