Stamp duty threshold - selling tactics?

LizEstelle

What ideas do people have about pitching price levels for properties valued at around the £125k mark?

Is there any point in asking for this price or just over, given that the buyer then has to pay another 1%?

Are there any estate agents looking in who have experience of the 'stamp duty effect'?

Sorry if this has been posted before.

Mrs_pbradley936

It has been asked many times, have a look here:-

http://forums.moneysavingexpert.com/showthread.html?t=262129&highlight=fixtures+fittings

Robert_Sterling

Perhaps it would be better to charge 0% on the first £125,000 of the house price.
Then charge about 2% on the next £125,000.
Then charge about 3% on the next £125,000.
Then charge about 4% on the next £125,000.
and finally about 5% on the the rest of the price.

Given more time I could easily refine these figures so that they produced about the same total in stamp duty as the present system but without the annoying discontinuity points at £125,000, £250,000 and £500,000.

LizEstelle

Robert_Sterling wrote:

Perhaps it would be better to charge 0% on the first £125,000 of the house price.
Then charge about 2% on the next £125,000.
Then charge about 3% on the next £125,000.
Then charge about 4% on the next £125,000.

I don't see your point. As far as I can see, this would produce precisely the same effect - worse, in fact, as a buyer would be paying Mr Brown £2,500 for the privilege of buying a £125,000 house, as opposed to nothing for one priced at £124,999.

dougk_2

Whatever way its charged if its reduced in anyway there will be another tax somewhere that we would have to pay to balance the books.

Its in the governments intrest to keep house prices rising as the more they do , the more money they get!

happyhunter

LizEstelle wrote:

I don't see your point. As far as I can see, this would produce precisely the same effect - worse, in fact, as a buyer would be paying Mr Brown £2,500 for the privilege of buying a £125,000 house, as opposed to nothing for one priced at £124,999.

What Robert Sterling means is 0% for the 1st £125,000, then 2% for the next £125,000 and so on...

e.g. Property sold at £130,000 will be charged 2% on £5,000 = £100.

Doozergirl

If you want to pitch over £125,000 then you should offer to pay the stamp duty paid and see if anyone bites. IT is a difficult level to pitch at as many FTBs won't go over that mark.

Are Nigel, Poole and McGinn down in Evesham yet? I know they're in Pershore. I have nothing but praise for them as an agent, and they will sell for 1% agent's fee. They get their valuations spot on, no BS to get you on board.