Are estate agents fees negotiable?
Your solicitor will look after this as part of the conveyancing process.Also, when do I tell the bank I am selling so I can pay back the mortgage?
Is it on a fixed or variable rate?And are there usually extra fees associated with repayment of mortgage?
It depends on when the apartment was purchased. If it was never registered with land registry, then you will need a plan of the apartment block showing which is yours, etc. This is something that the OMC will look after I understand. You will also need copies of the OMCs annual accounts, etc. If you pick a good solicitor, they'll provide you a list of all of these 3rd party costs that they will need, with an estimate.Could someone assist me in breaking down the costs associated with the sale - Eg Are estate agents fees negotiable? And apart from solicitor is there anything else I need to factor in
Or go with an agent that has had successful sales in the area / apartment block ?
Apologies, I didn't realise this only applies to property over 1 million. There a CG50 certificate that relates to capital gains tax.What is a tax clearance cert?
Yes, solicitor will look after this.does the solicitor handle transfer to monies from buyer to the bank to pay the mortgage off ?
Is there any way to minimise the MUD costs? We're looking at selling soon also and this was a new one on me.You also need a current BER in place. And the MUD act requires you to pay a fee to the management committee of the apartment block to provide you with paperwork regarding fees etc. This fee varies and coud be anything from a few hunred to almost €1000.
Thanks for all the advice. I have another question - does the rent I currently charge ( below market rate ) impact on the buyer - as in - if they rent it out they cannot increase the rent more than the current rent plus 4% per year ? Is this correct
Also, what notice period do I need to give the tenants, they have a fixed term tenancy ending in September, it says online, the 3 months notice would be begin after the end of their tenancy, as I cannot give notice during a fixed term contract ? Is this correct ?
No. Every management committee will have a fixed rate and its not negotiable. I sold a low budget apartment last year at a huge capital loss and had to pay 350 for MUD documents.Is there any way to minimise the MUD costs? We're looking at selling soon also and this was a new one on me.
Well then a Part IV tenancy is in place and there are limited grounds for termination.Tenancy started 1st September 2020
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