What are the total fees to purchase, maintain, and sell this investment? Are there ways that I can reduce or avoid some of the fees that I'll pay, such as purchasing the investment directly? After all the fees are paid, how much does this investment have to increase in value before I break even?
commodity options in general, the fee ( solicitor, stamp duty, …) is about 5 %-6% of the purchase price of the property . eg. property price 300,000 then 15,000 is the cost involved to purchase the property (5% *$300,000 = $15,000)
on the way out (selling property ) is about 3%, which is about 2%-2.5% agent fee + legal…. eg, sold price is 300,000 then $9,000 is the cost involving in the sale process ( 3%*300,000= 9,000)
you can do your own conveyening which i think you can purchase the convenyencing kit from internet ( just google" conveyencing kit") which can sale you maybe $500 to $1000 by DIY.
you can also advertising your property for sale yourself ( also google " sale property yourself" ) you can generally save about 2% by DIY.
of course you can also find the property with private owner wants to sale property themselves and negotiate it without agent's charge.
I hope this can help
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