When purchasing real estate, the notary fees<\/a> account for a significant portion of the total cost of the transaction. The amount of notary fees can vary considerably depending on several factors, including the type of property being purchased.\u00a0<\/p>\n So, How are notary fees calculated?<\/a> when buying real estate, and why do these differ between new and existing properties? Our\u00a0real estate agency in Paris's 16th arrondissement<\/a>, CENTURY 21 Auteuil Immobilier explains everything.<\/p>\n Notary fees for an older property generally range from 7 to 8 percent of the property's sale price.<\/p>\n These fees are paid upon signing the deed of sale at the notary<\/a>, which is responsible for collecting these amounts. Once the fees have been paid, they are then distributed among the various entities involved, primarily the federal government, local governments, and the service providers that participated in the transaction.<\/p>\n For new real estate properties, notary fees range from 2 to 3 percent of the sale price. This reduced rate is due to lower taxes, particularly registration fees.<\/p>\n Just as with an older property, these fees are paid to the notary when the deed of sale is signed. The notary, acting as an intermediary and \u201ctax collector,\u201d is responsible for forwarding these fees to the appropriate authorities.<\/p>\n Notary fees differ significantly between older and new homes due to the taxes that make up these fees. Whether for a new or older property, notary fees include taxes, the notary\u2019s fees, and miscellaneous expenses such as those related to finalizing the sale.<\/p>\n However, the main difference lies in the real estate advertising tax, a component of registration fees. For a new property, this tax is only 0.715% of the property\u2019s pre-tax price, whereas for an existing property, it amounts to 5.80%.<\/p>\n Notary fees consist of several components, whether the property is new or existing:<\/p>\n The options for reducing notary fees are limited, as the majority of these fees consist of mandatory taxes. However, since the Macron Law of 2016, notaries may grant a discount on their fees for transactions exceeding several million euros, for amounts above \u20ac150,000, up to a maximum discount of 10%. <\/span><\/p>\n To calculate the amount of notary fees, let\u2019s take the example of two properties valued at \u20ac400,000 each\u2014one new and the other older.\u00a0<\/p>\n For a new home:<\/p>\n For an older property:<\/p>\n Our CENTURY 21 Auteuil and Auteuil Seine offices are here to support you every step of the way throughout your real estate project. Our experts can advise you on the costs to expect, help you find the best solutions to optimize your expenses, and guide you through the administrative process.\u00a0<\/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":" Notary fee estimator for new and existing property purchases.<\/p>","protected":false},"author":0,"featured_media":2256,"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-240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marche"],"acf":[],"yoast_head":"\nWhat are the notary fees for an older property?<\/h2>\n
What are the notary fees for a new property?<\/h2>\n
Why do notary fees differ between older and new homes?<\/h2>\n
What do notary fees consist of for existing and new properties?<\/h2>\n
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How can you reduce notary fees when buying a home?<\/h2>\n
How are notary fees calculated for existing and new properties?<\/h2>\n
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How can our CENTURY 21 Auteuil and Auteuil Seine offices help you?<\/h2>\n