What are the costs to sell your property?
To sell your apartment or house is to anticipate unavoidable costs related to the property . Agency fees, technical diagnostics, refund of a credit or taxes, these are costs that must be borne by the seller or buyer.
1.Agency fees
Agency fees represent a significant sum that will inflate the overall cost of your transaction from 1 to 7% of the selling price, approximately.
2.Technical diagnostics
3.The repayment of a mortgage
As soon as an individual sells his home to buy another. The change of address can lead to an early repayment of his mortgage, thanks to the transaction. The seller must then pay prepayment indemnities (IRAs).
4.Taxes
5.Notary fees
Notary fees, which include notary fees but especially transfer taxes (taxes and other standard registration and management fees) accruing to the State. It does not matter if you buy in the new or the old.
In fact, the most correct term is acquisition fees, since the notary takes only 1 to 2% to remunerate himself, the rest is paid to the State (we have for example: 5.80% in transfer fees and almost 1% in registration fees, not to mention taxes).
6.The state-dated in co-ownership
When selling his apartment, a co-owner must approach his trustee so that he can provide him with a dated statement.
This document, given to the buyer before the signing of the authentic deed of sale, summarizes the essential financial information to know for the newcomer (e.g. amount of current expenses, sums due to the syndicate of co-ownership, unpaid co-ownership, etc.).
1.Agency fees
Agency fees represent a significant sum that will inflate the overall cost of your transaction from 1 to 7% of the selling price, approximately.
2.Technical diagnostics
- Energy performance diagnosis (DPE), except in the case of sale of a home in the future state of completion (Véfa)
- Finding of risk of exposure to lead (Crep)
- State mentioning the presence or absence of asbestos
- Condition of the indoor electricity installation if the installation is more than 15 years old
- Status of the indoor gas installation if the installation is more than 15 years old
- Condition of the non-collective sanitation facility
- Termite status
- State of risks and pollution (natural, mining, technological, seismic, radon...)
- Noise diagnosis
3.The repayment of a mortgage
As soon as an individual sells his home to buy another. The change of address can lead to an early repayment of his mortgage, thanks to the transaction. The seller must then pay prepayment indemnities (IRAs).
4.Taxes
- A professional who sells a home off-plan (Vefa or sale in the future state of completion) to an individual is subject to VAT, which he passes on to the sale price.
- If the dwelling is not the seller's main residence, the capital gain is subject to income tax (19%) and social security contributions (17.2%). This taxation is degressive over time: the seller is exempt from income tax after 22 years of detention (30 years for social security contributions).
5.Notary fees
Notary fees, which include notary fees but especially transfer taxes (taxes and other standard registration and management fees) accruing to the State. It does not matter if you buy in the new or the old.
In fact, the most correct term is acquisition fees, since the notary takes only 1 to 2% to remunerate himself, the rest is paid to the State (we have for example: 5.80% in transfer fees and almost 1% in registration fees, not to mention taxes).
6.The state-dated in co-ownership
When selling his apartment, a co-owner must approach his trustee so that he can provide him with a dated statement.
This document, given to the buyer before the signing of the authentic deed of sale, summarizes the essential financial information to know for the newcomer (e.g. amount of current expenses, sums due to the syndicate of co-ownership, unpaid co-ownership, etc.).
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