Geld sparen

How to reduce the amount of money by the buying a real estate purchase

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Rising prices make a real estate purchase more and more expensive. Especially with regard to the purchase price buyers can rarely expect a discount due to high demand. The situation is much better for ancillary costs.

What many do not know: above all, a lot of money can be saved when it comes to notary costs.

1. Let the notary help you directly with the drafting of the sales contract and not additionally by a lawyer or a tax consultant. You have to pay for the notary work in any case – his fee is regulated by law.

Transfer the real estate purchase price directly to the buyer

2- As a rule the purchase price is deposited in a so-called notary escrow account. The notary manages the amount in trust until it has been officially entered in the land register. Only then does the amount go to the seller.

For this service the notary demands a lifting fee. You can save yourself this intermediate step by bindingly regulating the payment conditions in the sales contract.

Source: focus.de

picture: pixabay.com

Stempel

How to save money if you buy a property with a notary public

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Save money on mortgage debt and also on conveyances of property.

1. The notary public records certificate of mortagege debs for the bank. This allows you to seize the property in case if the buyer becomes insolvent. In most cases, however, an authentication of the draft land charge is also enough. It is considerably cheaper than the notarial deed.

2. The notary usually enters a preliminary notice of conveyance of property in the land register. This ensures that the seller cannot access the property between the sale and the registration in cadastre

Within family, friends and acquaintances you can do without it and save these costs.

Deduct notary costs from tax

3. in addition to the above tips which you can deduct the notary costs from the tax. However, this is only possible if the property generates income, such as rental income. Then you can deduct the fees as income-related costs.

Source: focus.de

Picture: Pixabay.com