With the average property seller in the UK paying a whopping £2,000 in fees to an estate agent, there’s no wonder more and more people are asking how they can sell their home for free.
But is it even possible? After all, buying or selling a property is likely to be one of the biggest single transactions of your life.
Well, the good news is, it’s absolutely possible to sell your home for free. At least, you can sell a property without paying a penny in estate agent fees (we’ll cover what you won’t get for free later).
Here are two methods that will help you sell your home for free…
Method 1: Advertise online yourself
Should you prefer not to use an estate agent, you could turn to selling your home without one by advertising it yourself.
A word of warning though. Without an estate agent, you’re not able to list your property on major portals such as Rightmove.
That means selling without an estate agent will always be a more difficult task, especially as 57% of buyers start their search at an online property portal.
Still, that doesn’t mean it’s impossible. Social media has made it easier to sell property without using an estate agent at all. Facebook even now allow properties to be listed for sale in their Marketplace.
If this is a route you want to go down, you can check out our full guide to selling a property without an estate agent.
Method 2: Sell to a friend or family member
Ok, so this method won’t be an option for everyone. However, if you have a friend or family member that wants to buy your property, there is no need to involve an estate agent at all.
That means you simply won’t have any estate agent fees to pay to sell your home.
Instead, all you need is a good solicitor (a different one to the one your buyer is using, ideally) and the process should be relatively quick and plain sailing.
Thinking that means you can give your friend or family member a good deal and knock a few grand off their purchase price? You may have to think again.
Selling a property below market value can have significant tax implications.
What you’ll still need to pay for…
So, that’s two methods that show how to sell your home for free depending on your individual circumstances. However, it’s important to state that they only save you your estate agent fees.
There are several other fees you’ll need to factor into the equation, some of which are easier to avoid paying for than others. They include:
Conveyancing Solicitor Fees
Now, it is technically possible to do all of the legal paperwork yourself and never pay for a conveyancing solicitor. However, it’s not really recommended.
You pay a solicitor because they are experts in what they do and they will help protect you from any nasty surprises.
If you try and do it yourself, there’s no guarantee you’ll get everything right which could end up costing you thousands. In the worst cases, it could even result in you being sued by the buyer if you get something wrong.
Therefore, we always advise hiring a conveyancing solicitor. You can use our tool to find and compare the cheapest solicitors in your area.
Handling the removals yourself is something that’s a little easier. Providing you have a valid driving licence and are in reasonably good physical condition, you can hire a van and do the heavy lifting yourself.
However, keep in mind that once contracts have been exchanged and the agreed moving date arrives, you’ll have a pre-agreed time you’ll need to have removed everything from your property. This is usually around lunchtime.
Failure to stick to the agreed time can result in a financial penalty. That means you’ll need to be able to work fast to get the move done without professional help.
You’ll also need to be able to hire a van that’s large enough to take all of your belongings in one go. It’s unlikely you’ll be able to make multiple trips.
For that reason, most people find the cost of a removal company is worth it for the time, effort, and stress it saves you. You can use our tool to find and compare the cheapest removal firms in your area.
Stamp Duty (if making an onward purchase)
This one only applies if you are making an onward purchase and for that reason, it isn’t strictly part of the cost of ‘selling’ a home. However, if it does apply to you it can be a very significant amount so it’s important you don’t overlook it.
Stamp Duty is a tax you pay when purchasing a property. The rules and rates regularly change so it’s worth checking the current guidance on the Government’s website.
Maybe you still need an estate agent after all?
If after reviewing our two suggested ways to sell your home for free you’re not sure they are right for you, you’ll need to reconsider paying estate agent fees.
However, that doesn’t mean you have to accept paying thousands to sell your home.
There are now many online estate agents that offer similar packages to high street agents at a fraction of the cost. Some start as low as £245 including a listing on Rightmove.
The fact is, estate agents do offer an incredibly valuable service and are the right choice for the vast majority of people looking to sell. But, that doesn’t mean you don’t deserve to pay a fair price for what they do.
We used an online estate agent to sell our home in 2021 and we were really pleased with the service we received and we saved several thousand pounds in the process.
You can check out our top-rated online estate agents below…
Top-Rated Online Estate Agents:
|Estate Agent||Cheapest Package||'No Sale, No Fee'||Our Rating||Review||Official Site|
|£999||£1,999||Read Review||Visit Website|
|£999||N/A||Read Review||Visit Website|
|£245||From £595||Read Review||Visit Website|
How to sell your home for free – summary
As you can see, while it’s definitely possible to sell your home for free, sometimes it’s worth paying the odd fee or two.
As one of the largest financial transactions you’re likely to make in your life, having professionals on hand can actually save you money in the long run.
Of course, selling without an estate agent isn’t for everyone. Online estate agents offer a fantastic value-for-money service for everyone.
Should you decide an estate agent is the safest way to go, you can use our guide on how to choose an estate agent to help avoid the common mistakes in selecting the right agent.
Our best-rated agent (and the one we used to sell our family home) is Yopa, you can find out more in our Yopa review.