Selling my apartment

LoadingFavourite

This topic contains 2 replies, has 3 voices, and was last updated by Profile photo of katy katy 7 years, 1 month ago.

  • Author
    Posts
  • #55264
    Profile photo of Anonymous
    Anonymous
    Participant

    If i decide to buy a villa i shall wont to sell my apartment. can anyone tell me what this involves regarding tax and selling costs so i have an idea what will actually be ours on completion. thanx garry

  • #94777
    Profile photo of Anonymous
    Anonymous
    Participant

    @garry taylor wrote:

    If i decide to buy a villa i shall wont to sell my apartment. can anyone tell me what this involves regarding tax and selling costs so i have an idea what will actually be ours on completion. thanx garry

    I would guess that tax and selling costs may be the least of your worries, finding a buyer would be the main concern

  • #94778
    Profile photo of katy
    katy
    Spectator

    Look on it as buying and selling a car.

    200,000 apartment
    minus 5% agent fees = 10,000
    minus IVA = 1700
    minus plus valia (long as a piece of string) say 900
    Lawyers fees if you have one= 1500
    3% retention if none resident = 6000

    you would be left with around 179000

    To buy another property at 250000 there would be oncosts of 10%
    = 25,000

    therefore to upgrade slightly you would have to introduce another 96,000 euro capital. Not good is it!

You must be logged in to reply to this topic.