Realizing the dream of home ownership requires effort and strategy. The investment is high and f aking financial planning is critical to achieving the goal. But, in addition to the value of the house or apartment and the various costs of moving, it is necessary to prepare to pay the property fees.
Although they are often ignored, tariffs are of considerable value and need to be anticipated to avoid unpleasant surprises – which could turn into debt in the future. To prevent this from happening, we have prepared this content presenting the main fees of the property that you will need to pay. Check out!
The realtor who does the intermediary of the property transaction needs to be paid. The brokerage fee is recognized by CRECI (Regional Council of Realtors) and corresponds to 6% of the value negotiated. It is worth mentioning that the brokerage fee must be paid by whoever contracts the service.
To change the owner of a property it will be necessary to make a public deed, unless the house or apartment has been financed. In this case, the financing agreement replaces the deed legally. Unlike most rates, it is not calculated on the basis of a fixed percentage. It varies according to the price of the property, and the state in which it is located.
The deed needs to be registered with the notary’s office to inform who the new legal owner of the property is. The document will be attached to the property registration. The amount charged for this varies, but generally corresponds to 1% of the property’s value. If the asset was acquired through real estate financing, the contract, duly signed, must also be registered with a notary.
The ITBI (Tax on Transmission of Real Estate) is charged by the local municipality to transfer the property to the new owner. The value of the municipal tax varies according to the municipality, but the rate can reach up to 3%. To do the calculation, just multiply the rate of the city by the venal value of the property, that is, its real market price – which can be consulted with the municipality where it is located.
It is also necessary to include in the planning the IPTU (Property Tax and Urban Territorial Property) that must be paid to the municipality. The tax is charged annually to the owner of the property and can be paid in installments. The value is calculated on the property’s market value and the rate varies according to the city.
All property fees mentioned in the text are essential for you to become the owner of the house or apartment and keep the property regularized. In addition to the rates quoted, don’t forget to also plan to pay the condominium and decoration expenses, for example. After all, the more organization and money set aside, the less chance of having problems when purchasing your property.
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