WHAT ARE THE COSTS TO PURCHASE PRICE OF A PROPERTY ?

WHAT ARE THE COSTS TO  PURCHASE PRICE OF A PROPERTY ?
WHAT ARE THE COSTS TO  PURCHASE PRICE OF A PROPERTY ? 


In the context of a real estate transaction, we must also think about paying some extra fees.

Sometimes it is the buyer who is in charge of paying these charges. In other cases, the seller will have to deal with it.

So,

in addition to the price of the property, it is necessary to provide notary fees, but also agency fees.

AGENCY FEES

These fees collect all the fees that must be paid to the professional involved in a real estate transaction.

An individual pays agency fees in exchange for the implementation of different actions that are performed during the sales process.

 In exchange for a sum of money, the professional in the real estate can realiSe the drafting of the real estate advertisement.

He can ensure that the signing of the deed of sale takes place according to the rules and under the best possible conditions.

Depending on who solicits the agency or the real estate professional, the agency fee can be paid by the seller or by the buyer.

THE CALCULATION OF AGENCY FEES

Agency fees can be calculated in different ways. The technique used may be different from one real estate agency to another.

 These fees also depend on the type of transaction that the agency performs. Currently, the real estate professional is free to set the value of his commission.

Depending on his desires, he can request the fees in the form of a fixed sum or a percentage that will be calculated based on the final selling price of the property.

To know the scale of the estate agency fees. It is possible to consult the rates on websites specialised in the field. It is also possible to consult the value of these fees directly in a real estate agency.

NOTARY FEES

The notary fee is a charge that is automatically attached to a real estate sale. The notary fees represent the sums that the buyer has to pay when he takes over a property.

The fee is therefore not included in the purchase price of the property for sale.

Basically, this type of expense includes the remuneration of the notary when he is involved in a real estate purchase. Expenses also include disbursements as well as transfer taxes or registration fees.

CALCULATION OF NOTARY FEES


To do this calculation, there are several factors to consider. For example, the nature of the property must be taken into account.

Does the purchase concern an old dwelling, a new house or a building plot. It will also be necessary to determine whether the real estate sale is carried out with furniture or without furniture such as kitchen furniture and appliances.

The location of the property also has an impact on the value of the notary's fees. However, in a general case, it is possible to say that the notary fees represent approximately 7 to 8% of the purchase price in the purchase of an old house and 2 to 3% of the price of the property in the new.


thanks for the time .

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