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The Broker

Q7: July 2018 "What costs are we likely to incur relating to the sale?" JD Southern England
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Brokers fees vary depend on many factors. We have found that being totally independent of the corporate buyers gives the client confidence that his best interests are being looked after.

With The VBA, our fees, which are only paid if a deal is concluded, are based solely on the amount received for the goodwill and this starts at 3.5% of that value.
In addition, lawyers’ fees will need to be paid and, depending on the property ownership, a lease and if you continue in employment, agreeing a service contract. Your lawyer should be one of your choosing. You will also need to spend a great deal of time dealing with the buyers’ questions as they go through the due diligence and you will need to pay your accountant to assist you with this.

You can save time and costs by getting certain matters in order before you begin by ensuring you have a recent asbestos survey and your PAT testing is up to date.