Who pays the notaile commissions to the seller or the buyer?

Imagine the following situation: you just managed to sell a beautiful apartment, but when you arrive at the notary, you will find that you have to pay much higher notarization commissions than you would expect. That moment when I start asking «why should I pay for it? Wasn’t that the task of the buyer to face all taxes?»

Today, we will decipher this topic together and we will do clear things for anyone who wants to understand who is responsible for notary taxes when it comes to real estate transactions.

I invite you to pass through this complete guide, in which I will clearly and concisely explain those who pay for notary taxes, what other costs may appear in the process of purchasing sales and how to use a Noarial tax computer to make the process easier to manage.

Who pays notary taxes?

Before starting to answer your question, let’s clarify one thing: in real estate transactions, notarial taxes are not the only costs involved. However, they are extremely important, because they reflect the validity and legality of your transaction.

In Romania, in the case of a sales purchase contract, the notaries are regulated by the law and each part involved: the seller and the buyer-May have different obligations. So who is actually paying?

Commission of authentication of the contract (norial commission)

This is usually the main notary fee. The seller and the buyer agree that the notary to authenticate the sale document and its tax are based on the value of the building and the complexity of the transaction.

Who pays it? The buyer. The reason? The buyer has the main interest that the building is legally transferred to its name. However, there are exceptions and this cost can be negotiated based on understanding between the parties.

Income tax from the sale of the building

If the seller gets a victory from the sale of the building, he will have to pay for an income tax. It is calculated on the basis of the sale price and the period in which the seller held the property.

Who pays it? The seller. If the building has been detained for more than 3 years, the tax will be reduced to 1% of the profits made by the sale, compared to 3% if the detention period is less than 3 years. After the signature, the seller will pay the tax due and the notary is obliged by the law to retain it at the source.

Cadastre and registration commissions in the land book

Once the transaction has been authenticated, the building must be recorded in the land book on behalf of the new owner and this process has an additional tax. These cadastral and registration commissions are needed so that the transaction is valid and to protect the proper rights of the buyer.

Who pays them? The buyer. Because it is interested that the building is recorded on its correct and fast name.

It is known that, although there is a regular practice, all these costs can be negotiated between the parties to make the transaction more equitable.

Other commissions and costs involved in real estate transactions

Now that we have clarified those who pay the notary taxes, we see the other costs that may appear in a real estate transaction. In addition to notary taxes, there are other expenses to pay attention when buying or selling a building.

Energy performance certificate

Let’s start with a document that, as important, so often neglected: the building’s energy performance certificate. The law requires that any property of ownership be accompanied by this certificate, which indicates the energy efficiency of the building and the recommendations to improve energy performance.

Who pays it? The seller. This cost varies according to the size and complexity of the building and the average price of this certificate is about 200-400. It is important to mention that, if this certificate is not obtained, the transaction cannot be completed.

Further notarial costs

Depending on the complexity of the transaction, there may be other additional notarial costs. For example, if additional documents or special agreements are required, the notary can charge additional fees for each document.

Who pays them? The buyer. These taxes are generally paid by the buyer or can be divided between the parties, depending on the nature of the transaction and the agreements established in the pre-contract contract or in the sales purchase contract.

Correct management of costs in real estate transactions

In any real estate transaction, cost management can make the difference between a well -underestimated company and a frustrating experience. In addition to the price of the building, there are many taxes to consider and over time planning is essential to avoid financial surprises. In this chapter, I will give you suggestions for the management of these expenses and I will explain how to use a Noarial tax computer to better organize your budget.

Plan in advance and correctly estimate costs – First of all, make sure you have a clear view of the costs involved in the transaction. It is essential to know which notary, cadastral costs and other additional costs you have to pay.

Opens costs openly – Although, in general, the notary taxes are paid by the buyer, there is a place of negotiation. If the seller is arranged, you can share these costs. Discuss openly and make sure that both sides agree on how you manage the expenses.

Consult a specialist – If the transaction is more complex, such as involvement or inheritance, it is recommended to consult a notary or a lawyer to understand all the applicable tax regulations. It can prevent any errors that could occur from a tax misunderstanding.

How does the Noarial tax computer work and does it work?

A notarian tax computer is an online tool that allows you to estimate notary taxes for real estate transactions.

The notary tax computer on our site allows you to quickly estimate the costs of real estate transactions. It takes you into account of factors such as the value of the property, the type of transaction (with or without a mortgage) and other relevant details, such as the age of the building.

It is a simple and efficient tool that helps you plan the budget, save time and avoid possible errors in calculating taxes. Here are the simple steps to use a notarian tax computer:

1. Log in to the Notary Tax computer on our website.
2. I insert the value of the building and confirm the additional details.
3. Receive the estimate of notices and other associated costs.

The advantages of the Noarial tax computer:

• Clarity and transparency: You will know exactly what taxes you have to pay.
• Time saving: Avoid unnecessary roads to the notary for estimates.
• Financial planning: Helps you organize your budget in advance.
• Reduce errors: Protects you from possible calculation errors.

The correct management of costs in a real estate transaction is essential to avoid unpleasant surprises. By using a Noarial tax computer and openly negotiating with the other side, you can make sure the process is performed without financial problems.

In addition, consulting a specialist can give you the certainty that you will not meet unexpected obstacles. Planning in advance is the key to success in real estate transactions!

Suggestions to avoid problems relating to notarial taxes

• Check all taxes before the transaction: I learned from the experience that it is much easier to plan in advance. Using an online nolare tax computer, you can have a clear idea of ​​what you will pay, without surprises.
• Talk about those who pay taxes: At one point, I had a confusion with a real estate trading because of the lack of communication. Since then I have learned to speak openly from the beginning with the other part of those who deal with taxes, to avoid misunderstandings.
• Get the documents in time: First begins to collect the necessary documents (such as the extract of the land book and the energy performance certificate), the entire process will be less stressful.
• Consult a specialist: In case of questions, do not hesitate to ask a real estate agent or a notary. Often, even those who are familiar with real estate transactions can have questions at some point!

Notary taxes are an important part of any real estate transaction and their understanding will help you navigate more easily through the process of purchasing or sale of a building.

Using a Noarial tax computer, being informed and openly discuss with the other parts involved, you will be able to plan and manage costs more efficiently. Remember: transparency and training are the key to a successful real estate transaction!