Hi - 1st time poster here so maybe all my queries have been answered already so if they have apologies.
I'm looking to put apartment on the market with a view to upgrading to a house (16 month old needs space). Bought the Apt for approx 350k and theres just over 300k left on the mortgage. I'm on a fixed rate of 5.15 till May '11 so theres breakout fee of 15k approx. I've had a few different valuations on the Apt which vary quite a bit. Basically I'm not sure what sort of costs are involved in selling a place - I'm looking for a quick enough sale just so I can be rid of the apt and start looking for a house.
Looking for advice/suggestions on costs involved in selling - agent fees, solicitors fees, hidden costs (whaterver they may be??) so I can figure out what the minimum price I could sell at is to at the very worst break even?
Apologies if this doesn't make sense.
I'm looking to put apartment on the market with a view to upgrading to a house (16 month old needs space). Bought the Apt for approx 350k and theres just over 300k left on the mortgage. I'm on a fixed rate of 5.15 till May '11 so theres breakout fee of 15k approx. I've had a few different valuations on the Apt which vary quite a bit. Basically I'm not sure what sort of costs are involved in selling a place - I'm looking for a quick enough sale just so I can be rid of the apt and start looking for a house.
Looking for advice/suggestions on costs involved in selling - agent fees, solicitors fees, hidden costs (whaterver they may be??) so I can figure out what the minimum price I could sell at is to at the very worst break even?
Apologies if this doesn't make sense.