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YOUR MONEY | 6 expenses to prepare for when you’re selling

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(Photo: Gallo Images/Getty Images)
(Photo: Gallo Images/Getty Images)

When it comes to selling a property the expense that most people usually think of is the agent’s commission – but there are other costs that might catch you off-guard. Here are six to bear in mind.

1. Loan ­cancellation penalties

Each financial service ­provider has its own rules regarding penalties for the cancellation of a home loan. Contact your bank or financier to have them calculate how much you’ll be expected to pay. Ask about the method of cancellation too – can you do it on their website, do you need to put it in writing or can you do it over the phone?

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