Once the sale agreement of your future acquisition is signed, the notary is the person who will authenticate the deed of sale and hand over the keys to your property. Essential and unavoidable for any real estate transaction, for the sake of convenience, it is customary for the seller's notary to handle the transaction.
However, you can absolutely have your own notary. What about the acquisition fees then?
The process of purchasing a property takes about three months. Once the sale agreement is signed, you should approach a notary. Instituted by public authority, their role will be to accompany you until the final signing of the sale contract. They will defend your interests and take care to answer all your questions until the acquisition of your property.
Know that after signing the sale agreement, it will take about three months before the final signing, and if you have the possibility of having the same notary as the seller, it may be advisable to have your own notary who will play an essential role in listening, supporting, and preserving your deeds.
Indeed, choosing your own notary will not cost you more, as the fees, as well as the tasks of each of these professionals, will then be shared.
These notary fees represent about 7% of the purchase price in the secondary market, mainly consisting of taxes and duties.
The fees are around 1% of the sale price. The taxes and duties reduced when acquiring a new property lower the rate to 3% of the sale price.
