The sales timeline for a house
Posted: Sat Dec 28, 2024 6:33 am
Here’s how to calculate that: Net sales proceeds = Selling price – Costs of selling the house – Remaining loan In the previous section, I’ve explained how to determine the selling price and the costs of selling the house. Check your loan statement or contact your bank to find out the remaining loan. For example, let’s say the selling price is RM500,000. The cost of selling is RM50,000, and the remaining loan is RM250,000.
In this situation, the net sales proceeds you will receive is RM200,000 cayman islands whatsapp number database (RM500K – RM50K – RM250K). In addition to estimating your profit, you also need to… Step 4 Plan the Sales Timeline Why do we need to know the sales timeline? Some of us may need to know the timeline to plan for the following: When to vacate and move to a new home When to expect the money from selling the house The right time to end the tenancy agreement if the house is tenanted.
Transaction consists of the time taken for: Finding a purchaser. We can’t predict this precisely. It could be quick or it could take a while. Let’s say around 3 months. Loan approval and legal processes. Around a month from the date of finding a buyer. Transfer of ownership. For freehold properties with individual titles, it is usually around three months.
In this situation, the net sales proceeds you will receive is RM200,000 cayman islands whatsapp number database (RM500K – RM50K – RM250K). In addition to estimating your profit, you also need to… Step 4 Plan the Sales Timeline Why do we need to know the sales timeline? Some of us may need to know the timeline to plan for the following: When to vacate and move to a new home When to expect the money from selling the house The right time to end the tenancy agreement if the house is tenanted.
Transaction consists of the time taken for: Finding a purchaser. We can’t predict this precisely. It could be quick or it could take a while. Let’s say around 3 months. Loan approval and legal processes. Around a month from the date of finding a buyer. Transfer of ownership. For freehold properties with individual titles, it is usually around three months.