When buying a property the seller must pay it with you in the future, the broker

Will be entrusted to a broker by mutual agreement of both parties to the contract, you must carry under the new law, also automatically in each case exactly hal

When buying a property the seller must pay it with you in the future, the broker

Will be entrusted to a broker by mutual agreement of both parties to the contract, you must carry under the new law, also automatically in each case exactly half of the cost. Consumer protection Minister Christine Lambrecht (SPD) welcomed the law reform that "will reduce the costs incidental to the purchase of residential property noticeable".

buyers had the costs explained so far, alone,

wear Previously, buyers were often forced to accept a complete Takeover of the broker's Commission, Lambrechts Ministry. The seller took advantage of the "forced position" of the interested parties: "the one Who refuses to be eliminated, in fact, from the circle of applicants for the much-needed housing."

The Federal government wants to put paid to this practice for quite some time, it has a bar. Now "bypass options were ruled out" because of the Commission's share of the buyer shall only become due and payable "if the seller has paid," said the SPD parliamentary group. "And because the seller now has to take a fair share, he has a real incentive to negotiate over the amount of the brokerage costs", explained the legal policy spokesman of the CSU in the Bundestag, Volker Ullrich. So you Finance your home, Our PDF guide shows you how to find cheap loans, pitfalls to bypass and get money from the state.To the PDF guide

intermediary expects "positive momentum to the real estate financing"

the division of The estate agents costs especially in the five Federal States of Berlin, Brandenburg, Hamburg, Bremen and Hessen , the so-called purchase in addition to reduce costs. This should provide a positive stimulus for the real estate financing, such as the Interhyp share. The company is Germany's largest intermediary of private mortgage lending.

In the other provinces was divided, the agent's fee is already in the past, most of the time. Mirjam Mohr, Head of the Department for the private client business in Interhyp, explains the meaning of the new rule for property buyers: "At an average price of around 400,000 euros in Berlin around 3.5 percent from less than 14,000 euros more in the till of the real estate buyer." Money left over? Why not even a treat!

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Lower purchase cost can make it easier, according to Interhyp, an entry into private residential property. "The banks require in General that, at a minimum, the purchase will be financed in addition to cost through equity," says an expert Mirjam Mohr. High purchase costs make it difficult, therefore, financing and purchase and wear according to Interhyp, the home ownership rate in Germany is comparatively low. Include purchase costs-among others-land purchase tax and notary fees in addition to the broker's Commission. Real estate Atlas 2020

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Updated Date: 26 May 2020, 17:26

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