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Purchases from Individuals

  1. Capital Gains Tax – 6% of actual sale price. This is paid by the seller but in some cases, the buyer might be expected to be the one to pay depends on  SELLER and BUYER agreement. This percentage could differ if the property assessed is being used by a business or is a title owned by a corporation, in this case, the percentage is 7.5%.
  2. Brokers Fee 3% – 5% of actual sale price.
  3. Document Stamp Tax – 1.5% of the actual sale price. This is paid by either the buyer or the seller upon agreement. Normally, however, it is the buyer who shoulders the cost.
  4. Transfer Tax – 0.5% of the actual sale price
  5. Registration Fee – 0.25% of the actual sale price

Purchases from Developers

  1. Capital Gains Tax – 10% of actual sale price. This value might be expressed as part of the sale price.
  2. Document Stamp Tax – 1.5% of the actual sale price
  3. Transfer Tax – 0.5% of the actual sale price
  4. Registration Fee – 0.25% of the actual sale price

Gross Price Vs. Net Price in Home Buying

Gross price and net price are two common terms when real estate is discussed. Understanding the difference of gross and net price.

Gross Price

The gross price in real estate is the how much the buyer will have to pay to purchase the property. This is not the amount that the seller will receive because the fees for attorneys and real estate brokers are not included. This is usually the advertised price of real estate.

Net Price

The net price of real estate is the other way that professionals discuss real estate prices. The net price in real estate is how much the seller will have in his pocket after the transaction is completed and all fees for attorneys and real estate brokers are deducted.

The way to calculate net price is to find the amount to be paid for the real estate property and find all of the fees and commissions that will have to be paid during the transaction. Then all of the fees and commissions are subtracted from the real estate price. Net price is left.


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