Firstly, I am 3/4 way through Steve’s second book and I think it is even better than the first, I love the insights from the MAPpers.
I note that in a number of the calculations selling costs of 2.25% is used. I can only assume these costs are based on selling the property yourself rather than through an RE agent. Qld agents charge 5% on first 18k then 2.5% after that and NZ agents charge ~4%.
Maybe I’m missing something here, but can someone explain the use of 2.25% selling costs?
Cheers
FlyHigh [blink]Hi,
Pleased you enjoyed the book and thanks for your post.
Re: the 2.25% figure used.. it’s just a reference point as such, taking into account the overall fee and dividing it by the total sales price. Naturally, some commissions will be higher and lower.
Perhaps just remember that commissions are negotiable [wink4]
Regards,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
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