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 Selling my first house, What need to be pay

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JustNobody
post Dec 17 2016, 02:12 PM

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QUOTE(Adrian1981 @ Dec 17 2016, 02:04 PM)
Hi all ,

I'm selling my first property through agent. Can anyone advise what I need to pay?
I bought it 200k, now selling it for 350k. Agent will charge me 2%.

This is what the costs I know I need to pay :

Agent fees: 2% of 350k = 7000
Loan lock in period = 3 years, so no penalty.

Did I miss anything else ?
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1) RPGT if less than 5 years from your s&p you bought.
2) Lawyer fees.
JustNobody
post Dec 17 2016, 03:13 PM

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QUOTE(Adrian1981 @ Dec 17 2016, 02:37 PM)
My property is 4 years + from the snp date , how much do I need to pay ?

Can't I use buyer lawyer so that I don't have to pay for it !?
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As others said, below 5 years from your s&p, u need to pay tax. Use buyer's lawyer u also need to pay, may be lower a bit only. I suggest you use your own lawyer in this matter. I don't see other fees which you need to concern much as lawyer fees, agent fee, and tax.
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