Buy Land - Tips on Expiry and Costs


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Buy Land - Tips on Expiry and Costs

Owning one's own land is the dream of many. Some are fortunate enough to inherit land, others need to buy it and should follow some tips.
What is available for land and what do you have to consider when using it?
Land is divided into different categories. There are building plots on which one can construct residential property, commercial plots, which are used exclusively as commercial land for production, sales or storage, weekend plots, which are predestined only for the construction of a garden shed, agricultural land used for agriculture or livestock need to be and forest land. These are roughly the subdivisions of the land.
Not every property is suitable for every purpose and may be used at the discretion of the customer. The municipalities have detailed development and usage plans that can be viewed before buying a property and should also be viewed.
Buy a plot - the procedure
If you know exactly what kind of property it is supposed to be, you usually go in search of it. This should be free in principle. You can even make efforts by scouring the Internet and the newspaper, signing up with a real estate agent, or driving ashore and looking out.
There are sufficient possibilities and the offer is - at least
as far as building land is concerned - very large. For special properties, it is better to hire a specialist in the form of a real estate agent. Furthermore, the banks and savings banks can be helpful and have offers ready.
Once you have found the right property, the bureaucracy starts. You have a lot of authorities before you can call yourself owner. First of all, nothing works without money. The financing should therefore be addressed first and clarified.
Then the change of the owner is prepared. This means that a notarized sales contract must be made, it must be an inspection in the land register,
whether any burdens or debts are registered on the property and last but not least, of course, the description of the property in the land register must be made to the new owner.
How is the purchase price of a property composed?
The ground reference value plays a major role in determining the purchase price of a property. Both buyers and sellers should know this. The land value is a statistical value that approximates the current value of the land.
However, there are other criteria that affect the price of a property. So it plays for example a role, how the infrastructure of the area is, whether the development takes place in 2. Series and thus higher connecting costs arise or whether old loads are on the property.
Under no circumstances should one immediately accept a given property value. Own investigations are always appropriate.
What does the notary cost?
A land purchase without a notary is not feasible in Germany. The resulting costs are included in the ancillary construction costs and are included in the calculation of the financing requirements if funding is available. If you finance without a bank, you must not forget the notary costs, otherwise it comes to unsightly surprises.
The notary expects a uniform fee scale. One can count on costs of 1.5 percent of the purchase price. The notary initially designs a sales contract, which is left to the parties for inspection. Now you can study in peace all the passages of the contract. This is usually done at home. The notary's appointment, in which all participants participate for the purpose of signing the contract, will take place within a reasonable period of time after delivery of the notary contract.
If you have questions about the contract, you should in any case before the signature
put. The notary contract will be read aloud by the notary during the appointment. He has to make sure that everyone has understood the content of the contract. After signing the contract, the notary initiates the transfer in the land register. Once the purchase price has been paid and you have been entered in the land register, you are henceforth owner of the land.

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