REAL ESTATE PURCHASE : GUARANTEE , NOTARY , AGENCY :


REAL ESTATE PURCHASE !

REAL ESTATE PURCHASE  :  GUARANTEE , NOTARY , AGENCY :
REAL ESTATE PURCHASE  :  GUARANTEE , NOTARY , AGENCY : 


Buying real estate is not just about the price of housing. Indeed, many expenses are related to the purchase of a new or old property. Do not forget these ancillary costs!
List and explanations.

THE NUMEROUS ANCILLARY COSTS OF THE REAL ESTATE PURCHASE

It is advisable to consult your banker to establish a budget estimate well balanced and without exceeding it.
This relates to the ancillary costs of insurance, guarantees, records, notary. One can also add the agency fees and the fees for the enjoyment of the property.

COSTS RELATED TO AN EARLY REPAYMENT LOAN

In the context of an early repayment, the bank requires compensation for an amount limited to the value of one semester of interest. This corresponds to the average loan rate for a maximum of 3% of the amount due.

In addition, if you opt for a variable interest rate, you have fluctuating rates according to changes in the financial markets. In addition, it is possible to negotiate the costs associated with the loan including ancillary costs.

INSURANCE FEES FOR THE REAL ESTATE PURCHASE

The borrower must take out insurance for several risks related to the loan. This concerns unemployment, disability death guarantee. In partnership with insurance companies, banks have their own borrower insurance.

To enjoy the best insurance, it is advisable to negotiate on several points.
This will include:
  • the tariff,
  • the coverage rate,
  • the multiple guarantees.

THE FEES AND NOTARY FEES RELATED TO THE PURCHASE OF REAL ESTATE

The fees are related to the amount of the loan and are sometimes around 1,000 euros. However, they remain negotiable and can be reduced or eliminated.

As for the notary fees, they correspond to a rate of 7 to 9% depending on the type of property, the price and the total amount of the loan. Payable in two stages, these notary fees include a provision and a balance.

 The provision is due at the beginning of the process and the balance is payable at the time of signing.

The notary fees include taxes and duties of the State, registration fees or transfer, mortgage and bond fees, VAT, land registration tax.

Fees, other fees and potential fees may also be payable if the sale is not completed.

THE COSTS OF ENJOYMENT OF PROPERTY

When the property is acquired, it is necessary to consider the expenses of enjoyment of goods. They concern the costs related to the ownership of the property. Possible works, co-ownership fees, property tax and housing tax.

THE AGENCY FEES INHERENT TO THE REAL ESTATE PURCHASE


Agency fees generally represent a range of 5 to 7% of the selling price. In the agency, the costs are included in the selling price of the real estate.

The buyer can negotiate the agency fees. Indeed, it can present an offer of purchase for a reduced amount compared to the announced selling price. This request may be the responsibility of the seller and the real estate agency.

thanks for the time .

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