{"id":108101,"date":"2021-10-28T09:28:00","date_gmt":"2021-10-28T07:28:00","guid":{"rendered":"https:\/\/www.stonehedge-immobilien.de\/incidental-purchase-costs-for-condominiums-and-real-estate-an-overview\/"},"modified":"2025-03-14T15:54:17","modified_gmt":"2025-03-14T14:54:17","slug":"incidental-purchase-costs-for-condominiums-and-real-estate-an-overview","status":"publish","type":"post","link":"https:\/\/iw-067-vabe-immo.intoweb.net\/en\/incidental-purchase-costs-for-condominiums-and-real-estate-an-overview\/","title":{"rendered":"Incidental purchase costs for condominiums and real estate – an overview"},"content":{"rendered":"\t\t
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If a home purchase is imminent, most buyers expect the costs of the estate agent and the notary, but other items only gradually come to the buyers’ attention and prove to be pitfalls.<\/span><\/p>

We explain what costs you will incur when buying a condominium and how these can be calculated individually. In addition to the official ancillary costs, we also look at the ancillary purchase costs that are relevant to you on a personal level. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Incidental purchase costs for condominiums: What additional costs can you expect when buying an apartment?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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When a house or apartment changes hands, the buyer must find out about the additional costs as well as the purchase price. These can sometimes be a pitfall, as many banks will finance the purchase price but not the additional costs. The ancillary purchase costs must be paid out of your own pocket, which means that the buyer must have sufficient equity. <\/span><\/p>

It is not possible to say in general terms how high the ancillary costs are. Several factors influence the amount of ancillary purchase costs. The basis for calculation is the purchase price of the property. <\/span><\/p>

The direct ancillary costs are generally made up of the land transfer tax, the notary fees and the estate agent’s commission. There may be additional incidental costs, such as the cost of an expert opinion. <\/span><\/p>

As the percentages of estate agent, notary and land transfer tax vary, the ancillary purchase costs must be calculated individually.<\/span><\/p>

Indirect costs must be added to the direct ancillary costs. They are not necessarily based directly on the purchase contract, but must be determined by the buyer in advance in order to avoid unpleasant surprises in good time. It sometimes happens that a buyer equates the purchase price with their budget when searching for the right property. If the ancillary purchase costs are not taken into account, this can have disastrous consequences. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Why are there ancillary costs when buying a home?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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When a person in Germany decides to purchase a property, there are inevitably incidental costs involved. Fixed ancillary purchase costs include land transfer tax and notary fees. <\/span><\/p>

The former is a tax without which no entry can be made in the land register. Only when the land transfer tax has been paid after the purchase contract has been signed can the relevant office enter the buyer in the land register as the legal owner of the property. <\/span><\/p>

Notary fees must also be paid. In Germany, the purchase contract for a property must be drawn up by a notary. The buyer and seller sign the purchase contract at the notary’s office, otherwise the contract is not legally binding and the property cannot be transferred. These two additional costs are fixed in that they are due every time a property is purchased. However, their exact amount varies and sometimes depends on the federal state. The costs for the land register entry are also included in these additional costs. <\/span><\/p>

There are also variable costs that are incurred in many cases. These include the estate agent’s commission and the cost of a survey. Not all real estate purchases are completed with the help of an estate agent, even if they can relieve buyers and sellers of complex tasks and thus significantly simplify the process. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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What additional costs are incurred when buying a condominium? Our comprehensive overview <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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In addition to the purchase price of the property, the following items must also be paid after the purchase:<\/span><\/p>

Always:
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  • Notary fees<\/span><\/li>
  • Real estate transfer tax<\/span><\/li>
  • Costs of entry in the land register<\/span><\/li><\/ul>

    In most cases:<\/span><\/p>

    • Broker commission<\/span><\/li>
    • Expert opinion<\/span><\/li><\/ul>

      If applicable:<\/span><\/p>

      • Ancillary financing costs<\/span><\/li>
      • Refurbishment costs<\/span><\/li>
      • Moving costs<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        Real estate transfer tax when buying a home: how is it calculated?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        When a condominium changes hands, a real estate transfer tax must be paid to the tax office. Only when the tax has been paid does the tax office issue the clearance certificate to the land registry and the new owner can be entered in the land register. <\/span><\/p>

        Pursuant to Section 13 (2) GrEStG, both the seller and the buyer are generally liable for the tax. The purchase contract must state that the buyer will pay the real estate transfer tax, which is the case in most cases. <\/span><\/p>

        The amount of the tax is determined at state level. The following tax rates apply for 2021: <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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