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by wiredfool 5352 days ago
Sounds about like the US -- in King Co, WA anyway (a few years back), it cost about 9.1% to sell a house. There was 6% for the agents, and some handful of taxes and stuff for the other 3%. It's not that bad for the buyers though, as the seller pays most of the big stuff.
1 comments

just because the seller is writing the check doesn't mean they actually pay for it :) you could imagine a situation where taxes were dropped and instead of the sellers pocketing the extra money they are forced by competition to drop prices by the full amount of the tax saving.
The true split of buyer/seller payment of the taxes depends on the type of market at the time. In a buyers market, the seller is going to pay all the taxes. In a sellers market, the buyer is going to pay all of them.

Either way, there is no justification for a tax on buying and selling things like houses and cars. Why you would want to disincentivise transactions between people I will never know.