If i sell a house and i sell it for 拢100,000 with no mortgage o.s to pay on it how much should i expect to be left with after solicitors fees? I have inherited a house and i will be selling it eventually but that is what i can get for it in a valuation. And i was wondering how much i would be left with to buy another property.
Could someone help.
10 points for best answer.......thanksSale of a property with no mortgage O/S?
Usually,solicitor's fees are quite small when selling a property. However,you are likely to have real estate agent fees which come straight off the sales price. I'm not sure what they are in Britain, but I can't see them being much less than 4%, and perhaps as high as 8%.
So, when all is said and done, you'll probably net a bit over 90,000. That's assuming the house sells for what the valuers say - usually buyers offer up to 10% less than the valuation, so take off a bit more.
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