2 questions...
(1) What fees would we pay for selling our apartment? It's a strata title in a complex of 15 apartments.
Obviously, there'd be conveyancing for the sale, and real estate agents fees if we went through an agent, but what else? Since we don't technically own any land, there can't be land tax or land title something or other or anything, right?
Also, do we get any money back from the buyer in terms of body corporate and council rates? I know that when we bought our apartment, the current owners had paid 6 months in advance for both, and by the time of settlement, they still had a few months left of that, so we had to pay them the remaining / outstanding money for the body corporate and rates that they didn't "use", so to speak. Is that normal?
(2) I know it's common knowledge that if possible, it's best to sell your place before purchasing a new one. But say you sell your property and for whatever reason haven't managed to find a new one yet that you love, what do people generally tend to do? Rent for 3-6 months while they look? This is ok, but then you have to pay two lots of removalist fees! Also, what if you happen to find your dream property in one month? Then you have to break the lease or pay a lot of money in rent for the current place and home loan / body corporate / council rates, etc on the new place! Is this standard and just an annoyance of selling before buying? Surely not everyone can have perfect timing in that they find their dream home and then sell their existing home in the required timeframe, and vice versa, right?