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Avoiding 3% stamp duty on £260k property?
Comments
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What was the original asking price and how far have they dropped so far?
I'm just wondering what the buyer is playing at.
If it's dropped from, say £299K to £260K, then I can understand the buyer's motives. If it was originally on for £275K, say, I wouldn't have offered over the £250K threshhold anyway.
Can't the seller throw in a bunch of white goods and get the buyer to pay over the odds? Would this be legal?0 -
Original price was 275k then reduced 260k0
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shibumi wrote:Original price was 275k then reduced 260k
OK, now this is just my opinion, but any property put on the market for 275K is only going to sell for £250K. That drop is factored into the asking price, imo.
Breaking that stamp duty threshold is very difficult, particularly in today's market. I'd prepare your friend to accept £250K, otherwise they might lose the sale.
That's just my take on it, from the perspective of a potential (but priced out) FTBer.0
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