CHARGES
& COSTS
The charges and other cost of buying a piece of property are
often not fully considered when searching for a home in the
Sun. Legal costs and Bank charges are probably the first things
you hear about. After these are the taxes and maintenance
costs.
No
matter where you buy there are various costs and it is very
important you know all of these before you decide on a particular
location. The home you choose will also influence some of
these costs.
In
some countries it is cheaper to buy than others for example,
USA do sales through and escrow company and you can avoid
the legal costs. The ongoing costs such as Home owners Fees
/ maintenance charges may in some countries offset this factor.
It
is not our intention to encourage you to buy in any particular
Country or location, you'll be the only judge of that.
Utility
charges such as telephone hook up an electrical connection
are other things to remember. You will pay for
water , garbage collection and probably landscape maintenance.
Sometimes these are included in a monthly charge called maintenance
or Homeowners fees, but make sure.!
PRIVACY
STATEMENT
Costs
in spain
Spanish property buyers
are advised to add 10%
to the asking price of a house or apartment to be sure all
is covered
when
adding up taxes etc., it can be a fraction cheaper.
U S A Closing costs?
Closing
costs are the fees for services, taxes or special interest
charges that surround the purchase of a home. They include
upfront loan points, title insurance, escrow or closing day
charges, document fees, prepaid interest and property taxes.
Unless, these charges are rolled into the loan, they must
be paid when the home is closed.
closing
costs, which can average 2 to 3 percent of a total home purchase
price, are often more costly than many buyers expect. But
there are some ways to save
*
Negotiate with the seller to pay all or part of the closing
costs. The lender must agree to this as well as the seller.
Closing
costs are either paid by the home seller or home buyer. It
often depends on local custom and what the buyer or seller
negotiates.
Turkey
Some
notes to help !
Basic
annual costs
Tax
amount relates to the property value stated in the tapu. Conveyance
tax is fixed, based on the value and location of the property
.
Conveyance
tax = 3 %
Yearly tax thereafter = 0,1 %
Legal costs
Costs of registration at the Land Registry Office. = 45 €
Sworn interpreter = 55 €
The presence of a sworn interpreter during the registration
at the Land Registry Office is required by law. The translation
is confirmed by the interpreter's signature.
Costs for the official Tapu approval by Izmir = 30 €
Costs of electricity, water and telephone
Registration of a new connection (once only) = 96 €
Transfer of an existing connection (once only) = 19 €
Costs per kWh up to 150kWh = 0,11 €
starting from 150 kWh upwards = 0,17 €
Monthly contribution = 0,00 €
Water
Registration of a new connection (only once) = 62 €
Transfer of an existing connection (once only) = 93 €
Costs per m³ up to 20 m³ = 0,31 €
starting from 21 up to 40m³ = 0,47 €
starting from 41m³ upwards = 0,87 €
Monthly contribution = 0,87 €
Telephone
Registration of a telephone connection = 7,75 €
Costs per unit = 0,04 €
Monthly contribution = 9 €
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