Immotion Capital
What are transaction costs?
There are additional costs are incurred on top of the purchase price when you purchase a property. These are known as transaction costs. They include:
- Notary and legal fees
- Estate agent commission
- Land transfer tax
There are also other transaction costs you should keep in mind in your financing concept. The amount involved varies from case to case. You can keep some of the costs as low as possible by making a price comparison. These incidental acquisition costs include (if required):
- Fees for experts
- Renovation and clean-up costs for existing properties
- Commitment interest and construction interest for the property loan
- Development costs for the land
- Travel costs for inspections and meetings
- Cost for buying new interior fittings
- Moving costs