How should I price my house which would have sold for about Â£260K in the light of the budget's first-time buyer stamp duty change?
If my house was worth, say, £300K, a buyer would understand and grudgingly accept that they'd have to pay 3% stamp duty. But for a house worth maginally over £250K there must be much greater price sensitivity. Consider a house which might have sold pre-budget for around £260 to £270K. What's the point at which a house can hold a price over £250K and not be forced into a reduction to less than £250K?
Web reference: http://www.themoneyhelper.co.uk/SDLT/stamp-duty-land-tax-...Answered on Apr 26 2010, Report content
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