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Procedure of registration of purchase of the real estate in Germany
Procedure of registration of purchase of the real estate in Germany After a choice the client of object and decision-making on its purchase, is made the purchase and sale contract in which, conditions and the payment form in particular are specified. Contract signing occurs at the state notary protecting interests of both parties.
The notary Germany pays broker
The notary the special bank account from which the got real estate will be paid further opens. The notary will make check of bought object on presence of debts or any other obligations, also pays broker (the commission of the intermediary) and the expenses connected with entering in the ground book. After signing of the bilaterial contract at the notary and 100 % of payment of the transaction, the buyer becomes the proprietor of the got object.
The notary sends documents in Grundbuchamt department on real estate registration
The notary sends documents in Grundbuchamt (department on real estate registration) and in a current of two months the buyer receives an extract from the Book of registration of the property. Taxes and the expenses connected with acquisition of the real estate in Germany the General expenses - a project cost the Tax to the got real estate - 3,5 % from a project cost. Broker % from a project cost (in each Federal land of Germany different rates broker. Services of firm of the intermediary) fluctuate from 3 to 5 %. Notarial expenses and expenses on registration - 1 % from a project cost.
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