Stamp duty is a hefty sum. Stamp duty is the last straw that breaks the seller's bank, and resolve to sell. Stamp duty is payment for no service whatsoever.
The seller does not only pay only stamp duty. When a property is sold, the seller has to pay the agent, the solicitor and stamp duty and capital gains tax.
If you are selling your parent's or uncle's or granny's Dad's house or flat there's also inheritance tax. Plus possibly six months wait - paying council tax, while slow-moving solicitors handle all the paperwork. You can't let unless you pay to remove the furniture because if the labels aren't on it you can't prove it's fireproof.
When selling, to get your money in the bank quicker it might be worthwhile to pay more to a solicitor who acts faster. But if the other party has a slower solicitor that could spoil the speed.
I tried to buy a property with a prospective tenant already on view. But by the time the seller's solicitor had completed the paperwork, I had lost the prospective tenant.
The seller does not only pay only stamp duty. When a property is sold, the seller has to pay the agent, the solicitor and stamp duty and capital gains tax.
If you are selling your parent's or uncle's or granny's Dad's house or flat there's also inheritance tax. Plus possibly six months wait - paying council tax, while slow-moving solicitors handle all the paperwork. You can't let unless you pay to remove the furniture because if the labels aren't on it you can't prove it's fireproof.
When selling, to get your money in the bank quicker it might be worthwhile to pay more to a solicitor who acts faster. But if the other party has a slower solicitor that could spoil the speed.
I tried to buy a property with a prospective tenant already on view. But by the time the seller's solicitor had completed the paperwork, I had lost the prospective tenant.

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