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Property Auction Fee and Profit Calculator
Quickly calculate property auction related fees and expected profits to help you understand your investment returns.
HK$
Generally, both buyer and seller pay 1% of the transaction price as agent commission. The minimum commission is usually HK$ 10,000.
HK$
Lawyer fees typically range from several thousand to over ten thousand dollars. For small to medium-sized residential properties, around HK$6,000 can cover the purchase and sale contract, title search, stamp duty, mortgage, and transfer deed procedures.
HK$
If the property still has a mortgage, the lawyer will first repay the bank loan on your behalf, and the remaining amount will be delivered to you.
Auction registration or service fees vary by auction house, generally ranging from HK$3,000 to HK$5,000. These fees are usually required to be paid when signing the 'Auction Commission Contract'.
Auction House:
Memfus Wong Auctioneers
Expected Price (HK$):
4,000,000Commission (HK$):
40,000Service Fee (HK$):
3,000Lawyer Fee (HK$):
6,000Mortgage Balance (HK$):
0Net Income (HK$):
3,951,000
Auction House:
C S Auctioneers (ChungSen)
Expected Price (HK$):
4,000,000Commission (HK$):
40,000Service Fee (HK$):
5,000Lawyer Fee (HK$):
6,000Mortgage Balance (HK$):
0Net Income (HK$):
3,949,000
Auction House:
AA Property Auctioneer
Expected Price (HK$):
4,000,000Commission (HK$):
40,000Service Fee (HK$):
5,000Lawyer Fee (HK$):
6,000Mortgage Balance (HK$):
0Net Income (HK$):
3,949,000color
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