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Hello Everyone,

 

I'm new to property and am in the process of trying to take in as much information as possible before taking the plunge and buying my first property. 

I've been stacking some deals, trying to include all the costs and not miss anything, with the intention of flipping. However one thing i have come across is some confusion over the selling costs.

Question: Should I allow for the selling solicitor and estate agent fees in my initial capital needed to invest? Or can i use the money made from the sale of the property to pay the solicitor and estate agent. 

Some clarification from someone with experience would be fantastic.

 

Thanks alot!

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Hello Dan,

Good luck with your first purchase. My advice would be to have some money available for the fees. Some solicitors will agree to get their fees at the end but you might pay something in advance for the process. Have a conversation with them to find out when they expect payment.

I hope this helps.

Sophia

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