Auction Item cost statement
AUCTION
Well Road, Cole Bay (Marianne Estate), Sint Maarten
Date: March 28, 2012.
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COSTS WHEN SOLD FOR ƒ205,590.00 (US$115,500.00)
1. Transfer Tax ƒ 8,223.60
2. Legal Fee ƒ 6,722.98
3. Cadastral costs & turnover tax & stamps ƒ 1,920.71
4. Cancellation mortgage/attachment ƒ 457.00
5. Advertisements (estimate) ƒ 1,000.00
6. Writ(s) ƒ 459.00
7. Rent of the auction room (estimate) ƒ 50.00
TOTAL ƒ 18,833.29
WHICH IS EQUIVALENT TO US$10,580.50
For each raising bid above US$115,500.00 on the total amount of costs an amount of approximately 7% of the raise needs to be added for transfer tax and legal fee.
