Additional costs when buying the property
Additional costs when buying land , all the land purchase in addition to the actual purchase price incurred extra costs , especially Realtor commission , real estate transfer tax , legal and notary fees , survey costs , costs for land registration or cost of soil testing .
Amount of real estate transfer tax
The amount of the real estate transfer tax depends on the location of the property that you want to purchase. The tax is different in each state. The range is between 3.5 and 6.5 percent of the purchase price.
- Brandenburg, North Rhine-Westphalia, Saarland, Schleswig-Holstein and Thuringia: 6.5%
- Berlin, Hesse, Mecklenburg-Western Pomerania: 6.0%
- Baden-Württemberg, Bremen, Lower Saxony, Rhineland-Palatinate and Saxony-Anhalt: 5.0%
- Hamburg: 4.5%
- Bavaria, Saxony: 3.5%
The amount of the broker's commission
The broker's commission to be paid by the buyer is usually between 3.57 and a maximum of 7.14 percent of the purchase price including VAT. In many cases, the additional commission to be paid by the seller is usually between 1.19 and a maximum of 4.76 percent of the purchase price including VAT. VAT
Notary fees
The notary fees are to be paid in the case of property acquisition by the person who commissioned the notarization of the purchase contract. In Germany, this is usually the buyer, but he can agree with the seller to split the fee. The cost is around 1.0% of the purchase price. However, no matter how low the property price may be, a purchase contract regularly incurs a notarization fee as well as an enforcement fee, a supervision fee and a expenses fee (postage), the amount otherwise being based on the notarized purchase price. If the sales contract contains other special agreements, a fee will also apply. Finally, there is a 19% sales tax on all fees.
Court costs
For the entry of a notice of conveyance and the transfer of ownership in the land register by the district court responsible for the district, fees of around 0.5% of the purchase price are charged.
Other Charges
If the purchase of the property is in connection with real estate financing , the financing costs are also considered ancillary costs when purchasing the property.