Frequently Asked Questions
When it comes to real estate and brokerage, many questions often arise. Here you will find answers to some of these questions that occur particularly frequently. We have compiled these questions and answers in our FAQ section for you. Please contact us directly if you have any uncertainties.
What does a real estate agent cost when buying or selling a property?
What does a real estate agent cost when buying or selling a property?
The costs for the real estate agent amount to approximately 7 percent of the sale price. Brokerage fees are usually shared between the seller and the buyer. Additionally, hiring an agent like us can save you a lot of money, effort, and time, as we handle all bureaucratic tasks, obtain the necessary documents from the seller for the notary, and take care of other costly requirements for you.
What is an energy certificate?
What is an energy certificate?
The energy certificate assesses the energy efficiency of a property. When a building or apartment is built, sold, or a new rental agreement is signed, an energy certificate must be issued. For individual units, the simplified energy certificate can be created by a technician registered in the professional album according to state regulations. This simplified energy certificate applies to apartments of all energy classes.
What are the energy classes?
What are the energy classes?
- KlimaHaus A Gold - Energy demand under 10 kWh/m2a
- KlimaHaus A - Energy demand under 30 kWh/m2a
- KlimaHaus B - Energy demand under 50 kWh/m2a
- KlimaHaus C - Energy demand under 70 kWh/m2a
- KlimaHaus D - Energy demand under 90 kWh/m2a
- KlimaHaus E - Energy demand under 120 kWh/m2a
- KlimaHaus F - Energy demand under 160 kWh/m2a
- KlimaHaus G - Energy demand over 160 kWh/m2a
What taxes and fees are incurred when buying a property?
What taxes and fees are incurred when buying a property?
When buying a property, either registration fees or VAT, as well as mortgage and cadastral fees, are incurred and borne by the buyer. These are calculated as follows, provided the property is not classified as a luxury apartment:
Furthermore, the registration tax is 7% for the purchase of developed land, 8% for undeveloped building land, and 15% for agricultural land. The cadastral value of the property serves as the basis for calculation. If the property is acquired by a company at least 5 years after the completion of construction work, the same tax rates apply as for the purchase of a property by a private individual.
The registration tax is the fee owed for the entry of the deed with the Revenue Agency.
The mortgage tax is the fee owed for the entry in the public land registry.
The cadastral tax is the fee owed for the cadastral transcription.
Registration, mortgage, and cadastral taxes are held by the notary, who is personally and fully liable for the payment of these indirect taxes and charges the buyer for this service.
When purchasing a first home (private):
- Registration fee: 2%* (minimum €1,000)
- Mortgage fee: €50
- Cadastral fee: €50
*Base of calculation: cadastral income multiplied by 115.5
When purchasing a first home (from a company):
- VAT: 4% of the purchase price
- Registration fee: €200
- Mortgage fee: €200
- Cadastral fee: €200
When purchasing a second or other home (private):
- Registration fee: 9%*
- Mortgage fee: €50
- Cadastral fee: €50
*Base of calculation: cadastral income multiplied by 126
When purchasing a second or other home (from a company):
- VAT: 10% of the purchase price
- Registration fee: €200
- Mortgage fee: €200
- Cadastral fee: €200
Furthermore, the registration tax is 7% for the purchase of developed land, 8% for undeveloped building land, and 15% for agricultural land. The cadastral value of the property serves as the basis for calculation. If the property is acquired by a company at least 5 years after the completion of construction work, the same tax rates apply as for the purchase of a property by a private individual.
The registration tax is the fee owed for the entry of the deed with the Revenue Agency.
The mortgage tax is the fee owed for the entry in the public land registry.
The cadastral tax is the fee owed for the cadastral transcription.
Registration, mortgage, and cadastral taxes are held by the notary, who is personally and fully liable for the payment of these indirect taxes and charges the buyer for this service.
How much does a preliminary contract with a notary cost?
How much does a preliminary contract with a notary cost?
An example: For a property valued at 300,000 euros, the notary costs for the preliminary contract amount to 1,270 euros. This fee includes the certification fee, as well as consultation, drafting of the contract, and the certification appointment. The notary may also charge expenses such as postage or telephone fees.
When does a preliminary contract make sense?
When does a preliminary contract make sense?
It can be useful if the seller finds the offered price attractive and the buyer has found the right property. The preliminary contract must be consistent with the main contract and include all key details such as the sale price, validity period, and planned transfer date.
What are the consequences of withdrawing from a declaration of intent to purchase?
What are the consequences of withdrawing from a declaration of intent to purchase?
Both the seller and the buyer can withdraw from the declaration of intent to purchase at any time. Although the declaration of intent is not binding, a withdrawal can have consequences. For instance, if a notary has already been tasked with drafting the purchase contract and one party backs out, that party must pay at least half of the incurred notary costs. Additionally, if you paid a reservation fee with the declaration of intent, it is usually credited toward the purchase price or the brokerage fee upon completion of a purchase agreement.
If you withdraw from the declaration of intent, the reservation fee may not be refunded, depending on the agreement.
A declaration of intent is not binding—neither for the seller nor for you. Neither party is obligated to sell or buy the property. Nevertheless, the declaration of intent has a certain official character as it can serve as the starting point for the purchase contract. Your interest in the property should therefore be substantial. Only submit a declaration of intent if you are certain you can afford the property.
If you withdraw from the declaration of intent, you are not required to pay the brokerage fee. This fee is only due after the notarized purchase contract is finalized.
If you withdraw from the declaration of intent, the reservation fee may not be refunded, depending on the agreement.
A declaration of intent is not binding—neither for the seller nor for you. Neither party is obligated to sell or buy the property. Nevertheless, the declaration of intent has a certain official character as it can serve as the starting point for the purchase contract. Your interest in the property should therefore be substantial. Only submit a declaration of intent if you are certain you can afford the property.
If you withdraw from the declaration of intent, you are not required to pay the brokerage fee. This fee is only due after the notarized purchase contract is finalized.
What can still go wrong after a notary appointment?
What can still go wrong after a notary appointment?
- Problems with financing.
- Delays in land registry entry.
- Discrepancies in the draft purchase agreement.
- Speculation tax.
- Third-party pre-emption rights.
- Defects in the property.
- Withdrawal from the purchase agreement.
When is the brokerage fee due?
When is the brokerage fee due?
The brokerage fee becomes due when a property transfer is facilitated by the broker.
The fee is payable upon invoice issuance once the preliminary purchase agreement has been signed.
The fee is payable upon invoice issuance once the preliminary purchase agreement has been signed.
What is the brokerage commission?
What is the brokerage commission?
The commission owed to us upon the successful sale of a property is 3% plus statutory VAT for both the buyer and the seller. For properties where the seller does not share the commission, a commission of 6% plus VAT is charged. For rental properties, a commission of up to two months' net rent is payable, and a security deposit of three months' net rent must be provided.
What should an exposé include?
What should an exposé include?
Whether in digital or printed form, the exposé is usually the first source of information about a property and contains a wealth of important data, figures, and facts.
Photos of all rooms and, if applicable, the outdoor area should provide you with a first impression of the house or apartment. Information on the type of property, living space, move-in date, number of rooms, year of construction, rental or purchase price, additional costs, any existing equipment, deposit, or brokerage fee must also be included.
With the legally mandated introduction of the energy certificate, the most important details from the energy certificate must now also be included in the exposé (and in advertisements). Does the building have a demand or consumption certificate? What type of heating is used? What is the final energy consumption? These are just some of the details about the energy certificate that must be included in a professional exposé.
Another important component is the property description, which includes details on location, condition, and features. Possible alternative uses may also be mentioned.
Tip: Recently, prospective buyers have been asked to confirm in the exposé that they have been informed of their right of withdrawal. This is to protect you as a consumer, as required by the EU. Therefore, there is also the option for your right of withdrawal with the brokerage contract!
Photos of all rooms and, if applicable, the outdoor area should provide you with a first impression of the house or apartment. Information on the type of property, living space, move-in date, number of rooms, year of construction, rental or purchase price, additional costs, any existing equipment, deposit, or brokerage fee must also be included.
With the legally mandated introduction of the energy certificate, the most important details from the energy certificate must now also be included in the exposé (and in advertisements). Does the building have a demand or consumption certificate? What type of heating is used? What is the final energy consumption? These are just some of the details about the energy certificate that must be included in a professional exposé.
Another important component is the property description, which includes details on location, condition, and features. Possible alternative uses may also be mentioned.
Tip: Recently, prospective buyers have been asked to confirm in the exposé that they have been informed of their right of withdrawal. This is to protect you as a consumer, as required by the EU. Therefore, there is also the option for your right of withdrawal with the brokerage contract!
How do you obtain an exposé?
How do you obtain an exposé?
You have chosen a beautiful property and now want more information, such as an exposé? We will send you an email with the exposé attached. To open this exposé, please navigate to the end of the email, where the button labeled 'Brokerage Contract / Exposé' is located. Click this button without hesitation, even if it says 'Brokerage Contract.' Rest assured that everything is free until you decide to purchase and until the notary stage. If you decide on a property, the advertised brokerage fees, which are already known to you, will apply. This button is only relevant later if a purchase is finalized. However, you would naturally like to see the exposé beforehand to get more information about your desired property. Therefore, please click on this exposé button and confirm. You will then receive a four-digit code that you can use to open the exposé.
How do you obtain additional documents, detailed information, more floor plans, the exact location, and sales documents?
How do you obtain additional documents, detailed information, more floor plans, the exact location, and sales documents?
If you have already reviewed the exposé and clicked on 'Brokerage Contract / Access to Exposé,' write to us indicating which additional documents you need. We will promptly send them to you via email. In this email, click again on the 'Brokerage Contract / Access to Exposé' button, and you will immediately receive a four-digit code. Please enter this code to access the documents.
How do you schedule a viewing appointment?
How do you schedule a viewing appointment?
Description of the process to schedule a property viewing:
That was the general process! Depending on the country and region, exact steps and processes may vary slightly.
- 1. Contact: First, you need to contact the real estate agent or landlord. This can be done via phone, email, or through a real estate platform.
- 2. Submit a request: Let the agent or landlord know that you are interested in viewing the property. Provide your preferred dates.
- 3. Check availability: The agent or landlord will check availability and suggest possible dates. Sometimes, you can directly view available times online.
- 4. Confirm the appointment: Once a suitable date is found, confirm it. Be punctual and show interest to leave a good impression.
- 5. Clarify details: Before the viewing, clarify all important details with the agent or landlord, such as the meeting point, duration of the viewing, and what you should bring (e.g., ID, documents).
- 6. Viewing: On the agreed date, meet with the agent or landlord for the viewing. Ask questions and take notes during the visit.
- 7. Provide feedback: After the viewing, you can give feedback to the agent or landlord on whether you are still interested.
- 8. Next steps: If you decide on the property, follow further steps such as submitting an application or making an offer.
That was the general process! Depending on the country and region, exact steps and processes may vary slightly.
What does a property viewing with us involve?
What does a property viewing with us involve?
We conduct viewings in both German and Italian, ensuring there are no language barriers.
Each property viewing typically lasts about one hour.
Here is a typical process for viewing 1–2 properties:
This is a general overview of how a property viewing typically proceeds.
Each viewing may differ slightly, depending on the type of property and the individual needs of the parties involved.
Each property viewing typically lasts about one hour.
Here is a typical process for viewing 1–2 properties:
- 1. Greeting and introduction: Upon arrival at the property, you will be greeted by an agent or landlord. A brief introduction and initial acquaintance take place. You will confirm on-site with your signature on a form that we, as the broker, need to later demonstrate to the notary that we showed you the property first and that you were previously unfamiliar with it.
- 2. Property viewing: The agent or landlord will guide you through the property and showcase the various features, including plots, houses, villas, and rooms. You will have the opportunity to ask questions, discuss details, and take photos.
- 3. Explanation of features: During the viewing, the agent will explain the features of the property, such as plots, agricultural facilities, heating systems, windows, floors, fitted kitchens, and bathrooms.
- 4. Discussion of unique aspects: The agent or landlord will address any unique or specific features of the property that may be relevant to you.
- 5. Discussion of condition and renovation needs: If necessary, the property's condition will be discussed, as well as any required renovations or modernization.
- 6. Outdoor area and surroundings: If the property includes a garden, balcony, terrace, or land, these areas will also be viewed. Information on the surroundings, such as shopping options, schools, and transportation, will also be provided.
- 7. Conclusion and questions: At the end of the viewing, you will have the chance to ask additional questions or clarify details. The agent or landlord will inform you about the next steps if you are interested.
- 8. Farewell: After the viewing, you will be bid farewell. You can then decide whether you are interested in the property and proceed with the next steps.
This is a general overview of how a property viewing typically proceeds.
Each viewing may differ slightly, depending on the type of property and the individual needs of the parties involved.
How much does an on-site property viewing cost?
How much does an on-site property viewing cost?
Our on-site viewings are free of charge for 1–2 properties. There are no costs associated with viewing the property. We want to ensure that you can explore the property calmly to make an informed decision.
If you have further questions or wish to schedule an appointment, we are happy to assist you.
If you have further questions or wish to schedule an appointment, we are happy to assist you.
What is the cost of an extended property viewing for more than 2 properties on-site?
What is the cost of an extended property viewing for more than 2 properties on-site?
For clients wishing to view multiple properties, a small service fee applies, e.g., several houses are visited, all located a bit apart, taking more than 1–2 hours. If you have traveled to Tuscany, Italy, by plane or car and wish to view properties for 1–2 days to find your dream home:
For clients wishing to view more than 2 properties and being accompanied by us for an entire day or even over 2 days, we offer a special service.
In this case, we charge a small service fee of €50 per day.
This fee covers the additional service, including showing you more than 2 properties, spending more than 2 hours on viewings, or even transporting you to various properties with our safari car while offering personalized support to ensure you find the perfect property.
We want to ensure that your property search is as efficient and pleasant as possible.
Please let us know if you are interested in this service or have further questions. We are happy to assist you.
This makes it clear to customers that this fee is charged for an additional, personalized service and efficient organization of the viewings.
We look forward to assisting you and are confident we will find the perfect property for you.
For clients wishing to view more than 2 properties and being accompanied by us for an entire day or even over 2 days, we offer a special service.
In this case, we charge a small service fee of €50 per day.
This fee covers the additional service, including showing you more than 2 properties, spending more than 2 hours on viewings, or even transporting you to various properties with our safari car while offering personalized support to ensure you find the perfect property.
We want to ensure that your property search is as efficient and pleasant as possible.
Please let us know if you are interested in this service or have further questions. We are happy to assist you.
This makes it clear to customers that this fee is charged for an additional, personalized service and efficient organization of the viewings.
We look forward to assisting you and are confident we will find the perfect property for you.
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