Costs of selling a flat?



ORIGINAL POST
Posted by Sarsky 18 yrs ago
Can anyone tell me what the cost of selling a property in HK might be.

I recently bought a new property but due to unforseen circumstances it looks like I will have to sell.


What sort of costs/fees will I be looking at.......agency/solicitor??

Anyone know what the % the various parties typically charge.

I'm trying to work out if it's viable to sell my property on hang on for a while to make a small profit.

Many thanks.

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COMMENTS
Ed 18 yrs ago
Moved to property channel

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F100 18 yrs ago
before you sell or buy,

you negotiate with your agent.

most locals will pay less than 1% (.005%).

they will agree to pay the FULL commission ONLY if they get a much higher price for their property.


in HK you bargain for the best rates.

if the property agent doesn't accept it, go to another agent.

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C 18 yrs ago
Solicitor at $10k is a bit on the high side, esp if it is a new development, there is not very much to do. All banks that I'm aware of will charge you a penalty, usually 3/2/1% of the principal for the first 1-3 yrs if you pay in full, which (I guess) will be the effect if you sell within that period as well.

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