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Offering Stamp Duty Paid?

Is it possible to sell a house offering to 'pay the stamp duty' to interest first time buyers? Im currently marketing at £135,000...

Asked on Apr 15 2014, Selling in Birmingham | Report content

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  • Stamp duty on a property sold at 135,000 is 1%, that is £1,350. Offering Stamp Duty paid is just a roundabout way of saying you will drop the price 1% to 133,650.

    Answered on Apr 15 2014, Report content
  • An interesting question, however it is easily a question of semantics as much as a technical question on stamp duty. To get the house/flat sold usually the key strategy with any sale is to get the right price and the right person at the right time. Therefore if you are not getting interest commonly it will be down to the following issues 1) Too expensive for location 2) Poor marketing material 3) Externalities, out of your control. If you want to attract the first time buyer then encouraging interest needs to be done in the following ways. 1) Decorate the house to a "modern style" 2) Incentives- ie: offering to pay stamp duty 3) Make sure the price is right I hope this helps Andy

    Web reference:

    Answered on Apr 16 2014, Report content

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