Originally posted by Julian
View Post
I agree that selling costs should be taken into account if anyone is considering selling up, but I am not so sure that these costs should be used when working out nett worth. They are after all a seperate issue.
If I have three properties worth $900,00 and a debt of $700,000 my nett worth is $200,000.
If I sold up my selling costs may come to $30,000 but they may not. This sum is not an amount does not go on the liabilities side of the balance sheet, or does it?
xris
Comment