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Guest lynne

taxes to buy or sell property

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    Guest lynne

    Can anyone tell me what taxes you have to pay the government to buy and sell your property.

     

    Hence, if the property is priced at 225,000 what additional costs will we need to spend. Also how long does it take to buy a house

     

    Lynne

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    Guest donna T

    As a general rule of thumb, estimate 5% of the purchase price in fees and you should be not too far off:wacko: This would include conveyancing, stamp duty etc.

    Donna x

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    Guest Russfamily

    It takes one calender month to buy a property and when buying u will need to pay stamp duty etc, a calculator for buying a property can be found on realestate.com

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    Guest gkg

    Hi Lyn

    Stamp duty is the main additional cost and comes in at 4% of purchase price as is the case back home in UK you will also be liable to pay the full years rates or the part of year remaining, and then there's title transfer fees etc on a purchase of 255k expect to need to find an extra 10-12k all up, on sales you just pay the agents fees usually about 1.5% plus open inspection fees these fees usually negotiable

    Hope this helps

    Garry

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    Guest Libby1971

    The info given is spot on. We found our house and got the keys 4 weeks after our offer was accepted.

     

    All the rates were paid by the conveyancer and we found it all very straightforward.

     

    Libby

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