Comparison of Sale Agreed to Open Market Value


Open Market

Sale Agreed

Average Time to Complete

7 Months

14 Days

Legal Fees

*

€2,420

€2,420

Agents Fees (2% + VAT)

**

€4,840

€0

Mortgage Payments

***

€8,285

€0

LPT & Insurance

****

€274

€0

Staging property for sale

€5,000

€0

Final Cost (Assuming Vacant)

€20,819

€2,420

Loss of Rent

*****

€14,308

€0

Final Cost (Assuming Tenanted)

€35,127

€2,420

* Assumed legal cost of €2,000 plus VAT.

** Assumed market value of €200,000.

*** Assumed 80% LTV Mortgage at 4% interest rate over 15 years for period of sales process.

**** Assumed Insurance & LPT cost.

***** Assumed rent of €2,044 per month for period of sales process – average rent in Dublin.

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