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.
Ed
18 yrs ago
Moved to property channel
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.
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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