Notary fees account for a significant portion of the budget when buying a home. This amount, which can be as high as 8% of the purchase price, can have a considerable impact on your plans. But do you really know what these fees cover and whether it\u2019s possible to reduce them?<\/span><\/p>\n With our <\/span>real estate agency in Paris's 16th arrondissement<\/span><\/a>, at our CENTURY 21 Auteuil Immobilier and Auteuil Seine offices, find out everything you need to know about notary fees and how to reduce them. <\/span><\/p>\n Contrary to what their name suggests, the notary fees<\/a> do not primarily serve to compensate the legal professional. In reality, these are acquisition costs, the majority of which consist of taxes paid to the federal government and local governments.<\/p>\n The notary<\/a> essentially acts as a tax intermediary, collecting these taxes and then remitting them to the Treasury on behalf of the buyer. Its own fee represents only a small fraction of the total amount you pay it.<\/p>\n Negotiating notary fees is particularly complex because they are regulated by law. The included taxes, which constitute the largest portion, are paid to the government and local authorities according to fixed rates.<\/p>\n Notary fees vary depending on the type of property purchased. For a new property, the fees are reduced to about 2\u20133% of the sale price. In contrast, for an older property, the fees are higher, amounting to between 7\u20138% of the purchase price due to the transfer taxes<\/a>.<\/p>\n It is possible to reduce notary fees by deducting certain items from the purchase price. For example, the value of the furniture and appliances in the purchased home can be subtracted from the purchase price, which will reduce the base on which the notary fees are calculated. However, this deduction is limited; the value of the furniture cannot exceed 5% of the property\u2019s price.\u00a0<\/p>\n For example, for an apartment sold for \u20ac150,000, you can deduct up to \u20ac7,500 for furniture, thereby reducing the tax base of Calculation of Notary Fees<\/a> at \u20ac142,500.<\/p>\n Although the notary\u2019s fees account for only about one-tenth of the total amount paid in a real estate transaction, a reduction may be possible under certain conditions.<\/p>\n Since 2016, notaries have been able to offer their clients a discount on real estate transactions where the price exceeds \u20ac150,000. This discount can be as high as 10% of their fees.<\/p>\n In addition to the strategies already mentioned, there are other approaches that can help you optimize your closing costs. For example, consider asking your bank to finance your notary fees, which will allow you to spread that cost over the term of your mortgage.<\/p>\n Be wary of dubious proposals aimed at circumventing legal fees. Deliberately understating the sale price in the notarial deed constitutes tax fraud, which is subject to severe penalties. Similarly, overvaluing furniture and equipment in an attempt to reduce notary fees can result in a tax assessment.<\/p>\n Our real estate advisors at CENTURY 21 Auteuil and Auteuil Seine will guide you through every step of your project. Drawing on our extensive experience in the Parisian market, we\u2019ll help you identify the best opportunities and advise you on tax optimization strategies tailored to your situation.<\/p>\n Please feel free to contact our two real estate agencies, CENTURY 21 Auteuil Immobilier and CENTURY 21 Auteuil Seine, by phone at 0142151621 or 0156071621, or by email:\u00a0auteuil@century21.fr<\/a>\u00a0 or\u00a0auteuilseine@century21.fr<\/a><\/p>","protected":false},"excerpt":{"rendered":" Strat\u00e9gies pour n\u00e9gocier les frais de notaire lors de l’achat.<\/p>","protected":false},"author":0,"featured_media":2255,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marche"],"acf":[],"yoast_head":"\nWhy are notary fees so high?<\/h2>\n
Is it possible to negotiate notary fees?<\/h2>\n
How can notary fees be reduced depending on the type of property purchased?<\/h2>\n
What amounts can be deducted from the sale price to reduce expenses?<\/h2>\n
Can a notary offer a discount on their fees?<\/h2>\n
What are some other tips for reducing acquisition costs?<\/h2>\n
What pitfalls should you avoid to reduce notary fees?<\/h2>\n
How can our CENTURY 21 Auteuil and Auteuil Seine offices help you?<\/h2>\n