Buying or selling a property is one of the most important financial decisions in life. It often involves large investments, consisting of savings and loans, that require careful consideration. For sellers, too, a property is often a key asset, and its sale should be carefully planned.<\/p>\n<\/div>
Draft contract\nby the notary<\/p>\n<\/div><\/div><\/div>
Notary appointment & contract signing<\/p>\n<\/div><\/div><\/div>
Land register entry & purchase price payment<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div>
To protect both buyer and seller equally and minimize risks, the involvement of a notary is required by law in every real estate transaction. They not only ensure that the contract is drafted in a legally sound manner but also oversee the entire process \u2013 from reviewing the documents to the final transfer of ownership in the land register.<\/p>\n
This involves preventing the buyer from paying the purchase price without becoming the owner of the property. On the other hand, the seller must not lose their land or property without actually receiving the purchase price. The notary discusses their wishes and ideas with the contracting parties, advises them on existing arrangements, and develops a balanced and appropriate draft contract based on the results.<\/p>\n<\/div><\/div><\/div><\/div><\/div>
The content of such a real estate purchase agreement can include the purchase of a building plot, a single-family or multi-family home, the purchase of a condominium, or even the creation of a leasehold. The specific characteristics of the property and the specific case also influence the structure of the contract. This is particularly true for a purchase from a property developer, where the buyer acquires a piece of land or a portion thereof together with a building, house, or apartment that is yet to be constructed. Special security mechanisms are required in this case.<\/p>\n<\/div><\/div><\/div>
Any necessary financing through a bank loan must be determined in good time before the notarization. If a financing loan is being used, the buyer should discuss with the bank in advance when the loan amount can be disbursed. The notary will then coordinate the purchase price due date with the respective disbursement date. If the purchase price financing has already been clarified in detail at the time of contract conclusion, the mortgage, which is usually required to secure the loan claim, can usually be notarized immediately after the respective real estate purchase agreement.<\/p>\n<\/div><\/div><\/div>
Glossary of the Federal Chamber of Notaries on real estate and house purchase contracts<\/a><\/p>\n<\/div>(PDF)<\/p>\n<\/div><\/div><\/div><\/span><\/div>Information sheet from the Federal Chamber of Notaries on buying a used house<\/a><\/p>\n<\/div>(PDF)<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>Make an appointment now<\/h4><\/div><\/div><\/div>Feel free to contact us. We’re happy to answer any questions, schedule appointments, and handle any notarial matters.<\/p>\n<\/div><\/div><\/div>To the contact form<\/span><\/a><\/div><\/div><\/div>Call: 0961 \u2013 390 32-0<\/span><\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"100-width.php","meta":{"footnotes":""},"class_list":["post-1683","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/nspw.de\/en\/wp-json\/wp\/v2\/pages\/1683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nspw.de\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/nspw.de\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/nspw.de\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nspw.de\/en\/wp-json\/wp\/v2\/comments?post=1683"}],"version-history":[{"count":14,"href":"https:\/\/nspw.de\/en\/wp-json\/wp\/v2\/pages\/1683\/revisions"}],"predecessor-version":[{"id":1834,"href":"https:\/\/nspw.de\/en\/wp-json\/wp\/v2\/pages\/1683\/revisions\/1834"}],"wp:attachment":[{"href":"https:\/\/nspw.de\/en\/wp-json\/wp\/v2\/media?parent=1683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
(PDF)<\/p>\n<\/div><\/div><\/div>
Information sheet from the Federal Chamber of Notaries on buying a used house<\/a><\/p>\n<\/div>(PDF)<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>Make an appointment now<\/h4><\/div><\/div><\/div>Feel free to contact us. We’re happy to answer any questions, schedule appointments, and handle any notarial matters.<\/p>\n<\/div><\/div><\/div>To the contact form<\/span><\/a><\/div><\/div><\/div>Call: 0961 \u2013 390 32-0<\/span><\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"100-width.php","meta":{"footnotes":""},"class_list":["post-1683","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/nspw.de\/en\/wp-json\/wp\/v2\/pages\/1683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nspw.de\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/nspw.de\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/nspw.de\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nspw.de\/en\/wp-json\/wp\/v2\/comments?post=1683"}],"version-history":[{"count":14,"href":"https:\/\/nspw.de\/en\/wp-json\/wp\/v2\/pages\/1683\/revisions"}],"predecessor-version":[{"id":1834,"href":"https:\/\/nspw.de\/en\/wp-json\/wp\/v2\/pages\/1683\/revisions\/1834"}],"wp:attachment":[{"href":"https:\/\/nspw.de\/en\/wp-json\/wp\/v2\/media?parent=1683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
(PDF)<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>
Feel free to contact us. We’re happy to answer any questions, schedule appointments, and handle any notarial matters.<\/p>\n<\/div><\/div><\/div>