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

Created on: 21 Feb 2024 22:48
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Pascali
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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Fuchur
22 Feb 2024 20:46
The notary has no interest in taking advantage of you. Usually, they do not benefit from the fees either, as these are passed on (with a few exceptions).

They do not require a receipt. In practice, you will receive a form from the bank containing all the necessary details. However, this is not strictly mandatory.
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k-man2021
22 Feb 2024 22:03
There are several online calculators for notary fees. Just run the numbers with and without the land charge registration (mortgage order), and then you'll know the costs.
mayglow23 Feb 2024 22:53
Pascali schrieb:

Isn’t it possible to find wording that covers both options – without financing and with partial financing?

Just ask the notary directly about that. I actually think it might be about a clause in your favor that’s more of an option rather than a requirement to take out financing. For example, maybe there was a mortgage registered on the property before that needs to be released, and if you do want to take out financing later on the property, it all has to happen simultaneously. (I don’t know the exact procedure, but the notary can certainly explain it.) I don’t think you’ll face any significant disadvantages if you don’t take out financing.
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nordanney
23 Feb 2024 23:53
Pascali schrieb:

If this is not removed, what are the consequences?
The purchase will still go through. But does the notary receive 0.5% for the land register entry (mortgage lien) that he does not perform?

Isn’t it possible to find wording that covers both cases – without financing and with partial financing? Or is there no notary who agrees to that? In the end, I just transfer the total amount to the seller, or I have to finance it and the notary records it. Depending on what happens, the notary then settles the fee.

I believe (know) that you have absolutely no idea. First of all, nothing about financing is agreed in the purchase contract. It is, after all, just a purchase contract.
However: The purchase contract can include a power of attorney from the seller for the mortgage lien. This is standard practice. Because to register a mortgage lien, you definitely need the seller’s cooperation, at least until you become the owner. Which usually only happens after you have paid with financing. And for that, you need the mortgage lien.
This is the only reason the notary is told that you might be financing. If no power of attorney is included in the purchase contract, the seller must appear with you at the notary to arrange the mortgage lien. That makes no sense – and it’s a problem for you if, for example, the seller goes on holiday for six weeks or lives in another city. Then your loan cannot be disbursed.
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Grundaus
26 Feb 2024 16:11
Fuchur schrieb:

He doesn’t need proof. In practice, you receive a form from the bank with all the key data included. However, this is not strictly required.

Of course, the form from the bank is necessary. You cannot simply enter a local savings bank with any amount.
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Fuchur
26 Feb 2024 16:20
And how do you register an owner's land charge?