Incidental purchase costs – what to expect when buying real estate

If you want to realize the dream of owning your own home, you need to plan not only enough time, but also money. In our video, we explain what expenses you should expect and thus enable you to make a detailed calculation.

Notary and land register change

You have found your dream property? For the final closing of the purchase, make an appointment with a notary public who will duly complete the purchase and, together with the land registry office, transcribe the land register entry. This makes you the legal owner. Notary fees are about 1.5 percent of the purchase price.

Real estate transfer tax

You pay the real estate transfer tax (GrESt) once when you buy real estate, as soon as the notary certifies the purchase and sends the signed purchase agreement to the tax office. In Germany, the amount of the tax varies between 3.5 and 6.5 percent depending on the federal state. Here in Hamburg, you can expect a land transfer tax of 4.5 percent.

Broker commission

If you decide to work with a broker or if the property is offered by a broker, you have to expect a commission of about 3.57 percent including VAT. The situation is different if a so-called internal commission has been agreed for the house in question. This means that the seller pays the entire brokerage fee and this is accordingly waived for you. Are you buying an apartment building or other investment property? In that case, you pay the entire commission of 6.25 percent including VAT.

Carefree real estate purchase in Hamburg and region

A real estate purchase requires detailed planning and cost calculation. We at WEISS IMMOBILIEN are happy to support you. Even if you have not yet found your dream property, we are at your side and will find the house or apartment that exactly meets your requirements. Feel free to contact us for a non-binding consultation. We look forward to seeing you.

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