Whether for an acquisition or a sale, the signing of a sales agreement is necessary and must be done before a notary. This is present to support both parties in the transfer of property rights and ensure that the formalities are completed. To carry out these formalities, you will need certain documents. Find in this article what documents you will need whether you are a buyer or a seller during this procedure.
The documents that the buyer must provide during the real estate sale
As an investor in the procedure for acquiring a property, the buyer must provide documents that justify their identity, but also of his financial capacity. The documents that will be requested must therefore certify:
- his full identity, we must find on the chosen document, the full name and surname, as well as the date and place of birth,
- her marital status,
- her location before coming into possession of the said property,
- her profession,
- as well as a proof of the financing method chosen for payment.
If the chosen financing method comes from a ready, it must appear on the document, the duration of the loan, the interest rate as well as the buyer’s personal contribution.
Do not hesitate to check all the documents before going there. Indeed, if the requested information does not appear on the documents that you produce, you can see your purchase contract shortened or restarted. In this case, you will be obliged to pay additional costs for the sales agreement.
The documents that the seller must provide when selling real estate
The owner of the good or the intermediary who will have been chosen to carry out the sale must bring documents which certify the full identity of the holder, just like the buyer. Whether a private or a company, the information requested may vary. This depends on the property that is for sale.
Thus an individual will be asked for the same information as the buyer, while a company will have to provide:
- a updated copy of its statutes,
- a extract from his kbis,
- as well as documents certifying the identity of the company manager.
In addition to the identity, the notary must verify the information relating to the property. To do this, it will ask:
- the property title,
- a description and an location property for sale,
- the house plans,
- the livability diagnostics,
- an updated copy of payment of property and housing taxes.
To this list, the seller must add the information relating to the purchase of the property, if it was made under a bank loan. Finally, he will have to bring the bunch of keys to the house.
What is the cost of going before the notary for the purchase / sale of real estate?
Generally speaking, the notary’s fees are added to the purchase price of the property. So they will have to be taken care of by the buyer.
These charges generally remain within the range from 200 to 300 € depending on the notary and the value of the property for sale. This is the price you will have to pay in a sales agreement to avoid any legal issue after the sale.
Whether you are a buyer or a seller, be sure to choose a good notary so that the costs do not become a burden.