ᐅ How much are the notary fees for drafting the purchase agreement?

Created on: 21 Feb 2024 22:48
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Pascali
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Pascali
21 Feb 2024 22:48
Hello, the notary fees for purchasing a property are generally known to be 1.5% (notary fees) plus 0.5% (land registry fee). However, in the first step, the notary only drafts a contract. How much do the costs for this draft amount to? These are included later in the total 1.5% notary fees and do not increase that percentage. But it would be possible to walk away from the purchase after the draft is prepared.
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nordanney
21 Feb 2024 23:14
Somewhere between 0.5% and 1% of the purchase price.
For the person who commissions it.
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Grundaus
22 Feb 2024 10:13
You need to know what you are signing beforehand. Negotiating everything with the notary is not practical. At the notary appointment, the documents are only read aloud and signed.
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hanghaus2023
22 Feb 2024 12:35
I have encountered unacceptable clauses in a contract in a similar situation before. I didn’t pay anything then, as the clauses were from the seller.

Who arranged the notary for you?
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Pascali
22 Feb 2024 15:46
hanghaus2023 schrieb:

Who arranged the notary for you?
I haven’t signed anything yet. As the buyer, I received a document from the real estate agent outlining the key details of the purchase. I’m supposed to sign this and give it to the notary so they can prepare a contract draft. It also notes that I will be responsible for the notary fees for the draft, even if the purchase does not ultimately go through.

What I find interesting is that it states the purchase will be partially financed. What if I decide not to finance it and pay out of pocket instead? Could that have any legal consequences?
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nordanney
22 Feb 2024 15:58
Pascali schrieb:

It is interesting that it says the purchase is partially financed. What if I decide not to finance it but pay out of my own pocket instead? Does that have any legal consequences?

Once again. No. That does not have any legal consequences.