Selling my apartment

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    • October 22, 2009 at 1:07 pm #55264
      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

    • October 22, 2009 at 8:49 pm #94777
      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

    • October 22, 2009 at 9:32 pm #94778
      katy
      Blocked

      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!

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