HOW TO ...
The SMV property experts are the people to contact if it's about finding and buying high-value residential and commercial properties. We offer private and institutional partners an international service, profound market knowledge and the necessary know-how in all legal and tax-related issues.
Are you looking for a particular property? To live in yourself, to have as a holiday home, as an investment or perhaps for professional purposes? If so, then you have come to the right place.So that you can best find your way through the process of buying a property, we have summarised the most important property vocabulary in a reference book!
4 STEPS TO ACQUIRING THE RIGHT PROPERTY
Are you looking for your dream property? If so, contact an SMV estate agent in your desired area. In only a short space of time, they will be able to show you a suitable property with all the specifics and arrange a viewing for you. You can happily view the property free of charge and with no obligation in order to find out more information regarding the location, building materials and interiors.
A qualified exclusive order is a sales order between the estate agent and the vendor. This rules out the possibility of the property being marketed for sale by any third parties. The qualified order for exclusive marketing is particularly recommended since the marketing of the property is then the responsibility of one party and as a result the estate agent has a big incentive to fully commit himself to the sale of your property. Exclusively employing one estate agent has the advantage that you can benefit from his professional and advisory competence. In addition, it is guaranteed that all tasks (e.g.contractual commitments) and relevant criteria will be checked thoroughly.
The preliminary purchase agreement forms the basis for the sales contract and is one of the most important steps in the property purchase process. It is binding for both parties and grants them planning security as it makes the completion of the sales contract compulsory. As a rule, a deposit is payable as confirmation. In the case of you the buyer breaking the preliminary agreement and not signing the notarial sales contract, you will lose your deposit. In the case of the vendor withdrawing, you will be entitled to a reimbursement equivalent to double your deposit. Your SMV estate agent will be able to advise you with regards to the formulation of the preliminary agreement. In both cases, compensation can be claimed.
The transfer of ownership follows the signing of the sales contract and the entry in the land register. The notarial main contract – i.e.the sales contract certified by the notary – forms the basis for the title transfer in the land register. Once the sales contract has been signed, you are obliged to pay the agreed sales price less the deposit