Purchase Procedure

Purchase before Completion

PROCEDURE OF BUYING
  • Fixed price guarantee for the purchased house
  • Trust settlement
  • Alternatively, purchase price proof when signing the purchase contract on the escrow account or securing the portion of the purchase price that is not due by bank guarantee
  • Instant note of condominium pledge for the ownership in the land register
  • Payment or forwarding of the purchase price to the property developer in accordance with the Construction Contract Law (BGBL., 2008/56) of the purchase price
  • Additional costs (see below)

    PAYMENT UNDER THE CONTRACTING AGREEMENT (RATING PLAN A):
    at the following dates the following parts of the price are due at most:
  • 15% at the start of construction on the basis of a legally valid building permit;
  • 35% after completion of the shell and the roof
  • 20% after completion of the raw installations;
  • 12% after completion of the façade and the windows including their glazing;
  • 12% after the completion of the contract or upon the agreed premature handover of the actual object of the contract;
  • 4% after completion of the entire system
  • 2% after the expiry of three years from the delivery of the actual object of the contract, unless the developer has guaranteed any claims for damages and damages through a guarantee or insurance.

    ASSOCIATED COSTS
  • 3.5% land transfer tax
  • 1.1% registration fee in the land register
  • 1% attorney / notary fees
  • Network provisioning charges