Profits from selling a house

immuno

I know that this question is kind of like how long is a piece of string...but I'm still somewhat confused as to how much profit people receive when they sell on their home. I know it depends on various factors, but there is a guide to this? I've tried to do quite a bit of reading on the subject. For instance, if I pay a 10k deposit on a 200k house in Birmingham or Southampton in 2017, and I sell it in 2020, how much am I likely to receive after all fees, etc..?

Thanks!

Surrey_EA

Seriously?!

If anyone knew that they wouldn't be sitting round posting on forums all afternoon!

"There are those that don't know, and those that don't know they don't know."

davidmcn

The answer depends on what happens to the value of your £200k Birmingham or Southampton property over the next three years. Without a TARDIS or a crystal ball I'm not sure what sort of guide you expect to exist?

Grenage

You could potentially owe 60k, there really is no way to say how it will pan out, especially over three years.

You might as well ask someone to pick the winning horse at the Grand National.

Cliveman_Pieman

There are plenty about that think that with Brexit, you could have a big fat negative after 3 years.

immuno

davidmcn wrote: »

The answer depends on what happens to the value of your £200k Birmingham or Southampton property over the next three years. Without a TARDIS or a crystal ball I'm not sure what sort of guide you expect to exist?

Yeah, I thought so. I just thought there might be a way to estimate this based on previous trends over the past few years.

Surrey_EA

immuno wrote: »

Yeah, I thought so. I just thought there might be a way to estimate this based on previous trends over the past few years.

It doesn't work like that.

What has happened over the past three years doesn't give us any clear indication of what will happen over the coming three.

mrginge

You will receive £27,000.