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Profit
This page is still under construction
This page lists all the factors that have to be accounted for when determining the profit or loss on the sale of a house.
Contents |
Purchase Cost
- e.g. 100,000 pounds in 1997
- Stamp Duty
- Legal Fees
- Mortgage set up fee
Running Costs
- Mortgage Interest and Capital Repayments
- Council Taxes
- Inflation
- Insurance
- Maintenance
- Gas, Electric, Telephone and TV bills
Selling Cost
- HIPS cost
- Estate Agents Fees (unless you use Tesco or mousesale.co.uk web site or similar)
- Mortgage exit fee
Sold Price
The house was sold in 2007 for X pounds. Don't forget to adjust the selling price down to account for inflation.
Calculation of Profit and/or Loss
- Profit/Loss = Sold Price - Purchase Cost - Running Cost - Selling Cost