ayjay Posted February 20, 2011 Share Posted February 20, 2011 I hope someone can help.We are looking to buy a property and although expecting to pay high fees we have been told that the Notaire's fees are 4,000 Euros and Agents fees 3,000 Euros for a 21,000 euro property.They have said that the Notaire's fees went up to 14% 6 months ago and their agents fees are fixed whatever the price of the property.Any answers gratefully received. Link to comment Share on other sites More sharing options...
Kitty Posted February 20, 2011 Share Posted February 20, 2011 http://www.notaires.fr/static-content/site_gb/web/english-homepage.html This is the French notaires website - English version.On the French version (click on the French map), there is a fee calculator at the bottom - calculer vos frais d'achats immobilier. Link to comment Share on other sites More sharing options...
BJSLIV Posted February 20, 2011 Share Posted February 20, 2011 The fees will vary from Departement to Departement but 4000 Euros for the Notaire seems on the high side. I would expect a figure closer to 2000 unless you are having a mortgage in which case 4000 might be accurate.The Estate Agent fees are usually included in the advertised price of the property (TTC =Tax included).They won't be fixed but there is often a hefty minimum figure. Again the stated figure seems rather high I would have expected something nearer to 2000. Link to comment Share on other sites More sharing options...
idun Posted February 21, 2011 Share Posted February 21, 2011 The Notaires are tax collectors and lot of this large amount is in taxes.We once bought a small bit of land next to our land and the taxes and the little bit of actual notaires fee was about double of the price of the actual land. Link to comment Share on other sites More sharing options...
P-D de Rouffignac Posted February 21, 2011 Share Posted February 21, 2011 Agency commissions are based on a percentage of the property's selling price, with generally higher percentages for lower value properties, reducing for higher value - the argument being it is as time-consuming to sell a cheap property as it is a more expensive one. As noted prices in the agent's window or in advertising usually include their commission and will be marked 'F A I' (not TTC) which means 'frais d'agence inclus' (= including agency fees). Their percentage commission rates must also be prominently displayed at their premises. So-called 'notaire fees' include taxes and land registration charges, which are applied even to the sale of something as small as a parking space, and again are based on a percentage of the sale price. The Notaire's actual fees are quite low, being a small proportion of the total sum described as 'notaire fees'. Hope this helps - P-D de R. Link to comment Share on other sites More sharing options...
Araucaria Posted February 21, 2011 Share Posted February 21, 2011 Maybe Ayjay also needs some advice about how much it might cost to make a €21k property habitable? Link to comment Share on other sites More sharing options...
Fureys Posted February 22, 2011 Share Posted February 22, 2011 We plan to buy a small piece of land (1000 sq m) from our neighbours, we are in agreement about price and time for hand-over and so on, do we still need to use a Notaire or can we register the change of ownership ourselves at the Hypotheques?Fureys Link to comment Share on other sites More sharing options...
ayjay Posted February 22, 2011 Author Share Posted February 22, 2011 Thanks to everyone for their help.Any advice gratefully received. Link to comment Share on other sites More sharing options...
ayjay Posted February 22, 2011 Author Share Posted February 22, 2011 Many thanks Cathy for the calculator. I wonder if you can help clear up some questions regarding it please?Would a barn renovation be a property completed less than 5 years ago or more (does it mean when the property was first built?)What is 'Negotiation by Notary Public' mean? It makes a difference to the prive by about 1200Euros.Thank you Link to comment Share on other sites More sharing options...
andyh4 Posted February 22, 2011 Share Posted February 22, 2011 [quote user="Fureys"]We plan to buy a small piece of land (1000 sq m) from our neighbours, we are in agreement about price and time for hand-over and so on, do we still need to use a Notaire or can we register the change of ownership ourselves at the Hypotheques? Fureys[/quote]No way to bypass the notaire legally. He is a tax collector first and foremost. Link to comment Share on other sites More sharing options...
idun Posted February 22, 2011 Share Posted February 22, 2011 When was a 1000sq m a small piece of land ? And where I used to live it would be a pretty price too, well before the taxes.There will be taxes to pay on this and I cannot help wondering if the Mairie would get the offer of it, IF it was being sold relatively cheaply, suppose it would depend on the classification of the land concerned. Link to comment Share on other sites More sharing options...
bluebaguette Posted March 14, 2011 Share Posted March 14, 2011 The higher fees are if the notaire has negotiated the sale for you. Some notaire's also sell properties, aswell as doing the legal documentation for buying. Link to comment Share on other sites More sharing options...
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