Apart from the payment for the property, the buyer covers additional costs:
Purchase and notary fees
Including transfer duties and notary fees, they are between 3 and 5% of the selling price depending on the canton.
The mortgage loan involves interest and loan repayment (amortisation) charges.
When the buyer chooses to use his second or third pillar, the amount withdrawn is subject to taxation. In addition, the owner of a property is taxed on the rental value of his property, but he may deduct mortgage interest from his declaration. Also, the annual property tax is calculated on the tax value of the property.
Buying a property can sometimes lead to renovation work. Additionally, insurance, moving costs and expenses (heating, co-ownership by floor expenses, maintenance, etc.) must also be considered.
These charges and in particular the purchase costs cannot be borne by the mortgage loan. It is therefore necessary to properly assess your situation with the help of professionals before carrying out your real estate project.
The sales commission is defined by agreement between the parties according to the usual rates and constitutes, in the event of a sale, the agency’s remuneration.
If the sale allows a capital gain to be realised, the amount obtained will be subject to taxation according to the scales in force.