For those that sold property, do you calculate your profit/loss?

[dry_county]

Curious how people calculate profit and loss from property transactions….

I have never sold a property before so I don’t know.

 

[Money no have]

In a nutshell very complicated.

in addition to basic bills, taxes and expenses , also need to factor in opportunities cost. What if invest in btc? What if rented out? Etc etc etc

 

[dry_county]

In a nutshell very complicated.

in addition to basic bills, taxes and expenses , also need to factor in opportunities cost. What if invest in btc? What if rented out? Etc etc etc

I’m just curious if people take into account buyer stamp duty, interest costs and agent fees when they calculate profits for the sale of their home….

 

[1982-1994]

My mum bought her flat at $162k but adding interest, $8k
Means $170k since she was on a 8 years HDB loan

She sold her flat at $495k, expenses;
Agent $4k
2r flat $118k
Single levy $15k
Furniture, slight reno and appliances say, $15k
Top up RA $200k

Gahmen gives $ for downgrading your flat,
+Silver housing bonus $30k

 

[toolbox03]

Curious how people calculate profit and loss from property transactions….

I have never sold a property before so I don’t know.

Don’t need to calculate until so detailed

most important is the profit is enough to downpay your next property without or mininum top up

 

[yildun]

Those property agencies would use gross profit (selling price less purchase price) to report the property transaction is profitable.

But to the seller, net profit is what it counts. After deducting BSD, ABSD, SSD, agent commission, lawyer fees, property taxes, loan interest, repairs, it could end up as a loss.

 

[Spike]

Curious how people calculate profit and loss from property transactions….

I have never sold a property before so I don’t know.

You bought a condo without buying BTO first?

 

[mcylo]

Confirm make money cos my property went up 300%…..but hor, sell high, but also high now.

 

[chopra]

In a nutshell very complicated.

in addition to basic bills, taxes and expenses , also need to factor in opportunities cost. What if invest in btc? What if rented out? Etc etc etc

Not complicated. More of whether there’s discipline to compute TOTAL COST along the way

u cant be computing at the juncture of selling. Ur brain cannot remb so much

 

[The_Davis]

You bought a condo without buying BTO first?

You got how many condoms ?

 

[ceestudent]

Edmwer advice is flipping property not so profitable. So just stay with parent and put money inside saving account is better. Lol

 

[Zze121]

itemised all payout
exclude property tax or maintenance fee
bulk payout come from interest
bank interest irregular for buc
need to track when bank call for fund, interest rate change, is when interest shoot up
cpf payout + cash payout + all fees paid + interest = base price
huge loan quantum on long tenure, interest contributed the bulk of it
when sold, add-on agent fee
if want, add-on all fixtures or a&a had paid for
toughest of all, is bank changing interest

 

[kyokoto]

Sometimes in life, too calculative brings you misery. I bought my BTO in 2011, sold in 2024 after renting out for 4 years. Over 200% liao, sua la.

 

[wutawa]

I nvr sell but I rent out. Using Google sheets to monitor. Now net at $282k = total paid - rental collected

 

[buttbERry]

what kind of property leh?

 

[kolp180]

Those property agencies would use gross profit (selling price less purchase price) to report the property transaction is profitable.

But to the seller, net profit is what it counts. After deducting BSD, ABSD, SSD, agent commission, lawyer fees, property taxes, loan interest, repairs, it could end up as a loss.

Second this. All property apps dont account for net profit. If u factor that in you’ll realised there are many more non-profitable transactions.

 

[antonpoh]

Curious how people calculate profit and loss from property transactions….

I have never sold a property before so I don’t know.

Show us some of your numbers, we calculate it for you.

 

[popdod]

Show us some of your numbers, we calculate it for you.

500kkj will shock u his wealth assets.

 

[iceblendedchoc]

Curious how people calculate profit and loss from property transactions….

I have never sold a property before so I don’t know.

Minus all fees from legal to agent fee and including interest paid then is your net profit loh

 

[dry_county]

Don’t need to calculate until so detailed

most important is the profit is enough to downpay your next property without or mininum top up

sometimes calculate carefully to see whether got make losses on the sale of property mah....