Additional costs when selling a house: what you need to plan for

Selling a property: You should plan for these additional costs

Selling a house often promises a high profit. However, many owners do not realise that even when selling a property Additional costs arise. From important documents to notary fees and possible taxes - here you can find out what expenses you can expect and how you can minimise them.

1. important documents for the house sale

Some documents are mandatory for the sale of your property. These include

• Energy certificate: Failure to obtain an energy performance certificate can result in a fine of up to 15,000 euros result.
  - Consumption certificate: approx. 50-100 Euro
  - Requirement certificate: approx. 400-500 Euro
• Extract from the land register: Costs approx. 10 euros (certified copy: 20 euros)
• Parcel map: Depending on the municipality 11-55 euros
• Building plans and area calculations: Costs vary between 5 and 100 euros

2. property valuation: How much is your house worth?

A professional valuation helps you to determine the optimum selling price. A detailed valuation can cost up to 2,000 euros cost. Tip: A Broker often offers property valuations free of charge as part of its service.

3. cancellation of land charge: Notary costs

If your property is still encumbered with a land charge, this must be cancelled. This will incur notary and land registry fees:

• Notary fees: 0.2 % of the land charge
• Land registry: same amount as the notary fees

Example: With a land charge of 150,000 euros, the total costs are around 600 euros.

4. prepayment penalty: Loan repayment on sale

If the home loan has not yet been paid off in full, the bank may charge a fee for early cancellation. Early repayment penalty demand. The amount depends on:

• Remaining term of the loan
• Nominal interest rate of the loan
• Current interest rate level

The longer the remaining term and the higher the interest loss, the higher the compensation.

5. speculation tax: tax on property sales

Whether and to what extent Speculation tax depends on the use of the property:

• Owner-occupied property: The sale remains tax-free if you have sold the property in the last three years have lived in themselves.
• Rented property: Sale before expiry of the ten-year period leads to tax liability.

The amount of tax depends on the profit and your personal income tax rate.

Legal notice: This article does not constitute tax or legal advice. Please consult a lawyer or tax advisor if you have individual questions.