What are the costs involved in selling a house? The complete guide by Provence Properties!

Are you planning to sell your property in the Var?

To make your project a reality and enjoy a worry-free transaction with your future buyer, it's essential to be aware of the various costs directly linked to the sale of your home.

That's why Provence Properties, your trusted real estate agency in Châteauvert, will guide you through every stage of your property sale project and share with you all the financial aspects of the transaction.

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Selling costs to be paid by the seller

When you sell your property, you must pay a number of costs.

selling expenses properties provence

Mandatory property diagnostics

Before putting your property up for sale, you must carry out a number of diagnostics to inform future buyers about the condition of the property they are about to purchase:

asbestos diagnosis ;
lead diagnosis ;
electricity diagnosis ;
gas diagnosis ;
Loi Carrez diagnosis, if your property is in a condominium ;
termite diagnosis if your region is affected ;
DPE (Performance Energétique) diagnosis ;
ERP (Etat des Risques et Pollutions) diagnosis ;
merule diagnosis, if your property is affected by a prefectoral decree.

Their cost varies according to the surface area of your home and its composition.

Find out more about mandatory diagnostics for the sale of a property

Sales fees

If you use a real estate agency such as Provence Properties in the Provence Verte region, you will be charged a fee representing a percentage of the sale price. These fees can be negotiated on a case-by-case basis.

Co-ownership charges

If you own a property in a co-ownership, you must pay the provisional budget. The seller and buyer settle the charges on a prorata temporis basis.

Other non-mandatory charges may also apply.

Early repayment of your mortgage

If you took out a mortgage to buy your home, you may have to repay all or part of your loan before the sale. Depending on the terms of your contract, early repayment charges may apply.

Compliance work

Before putting your home up for sale, you may need to carry out some work to bring it up to current standards.

Advertising and viewings

These costs are usually borne by the seller, but can be negotiated with your estate agent.

Selling costs payable by the buyer

The buyer must also pay certain selling costs, depending on the circumstances.

selling costs property buyer provence properties var

Notary fees

Notary fees represent a significant proportion of the total cost of a property purchase, and include the notary's fees and transfer taxes.

They are divided between the notary's fees and taxes used to finance public services.

Property loan costs

If the purchase is financed by a loan, the buyer is obliged to pay administration fees, guarantee fees and, if necessary, brokerage fees.

Real estate agency fees

Depending on the case, agency fees may be split between the seller and the buyer, or borne entirely by the buyer.

Warranty costs (dommage-ouvrage)

In the specific case of a new-build property, the purchaser must take out a damage-ouvrage warranty.

A closer look at notary fees

notary fees provence properties var

You've probably heard of notary fees. But you're probably wondering who, between you, the seller and the buyer, should pay them.

According to article 1593 of the French Civil Code, the purchaser is responsible for paying the notary's fees (deed fees and other fees ancillary to the sale).

It is therefore up to the purchaser of your property to pay the notary's fees.

Deed in "hand sales"

In the case of a “deed in hand” sale, the seller can pay the notary's fees if he so wishes, and if this is clearly stipulated in the deed of sale.

Taxation

Depending on the circumstances, the sale may have tax consequences.

If you're selling a second home, capital gains tax may apply.

If you're selling as a professional, you'll have to pay VAT. To find out more, don't hesitate to contact your estate agent for personalized advice.

See our properties for sale

Property sale costs: who pays what?

As you can see, there are several types of costs involved in selling a property, and these are mainly borne by the seller. The buyer also has costs to pay. Your local agency, Provence Properties, gives you the rundown!

Seller

The seller must pay a number of costs when selling his property:

property diagnostics ;
agency fees ;
early repayment of loan ;
compliance work;
capital gains tax.

For the best advice, don't hesitate to ask our Provence Properties real estate experts any questions you may have!

Buyer

As for the purchaser, there are a number of costs to be paid on his or her side when selling a property:

notary fees ;
mortgage fees, if a loan is arranged;
agency fees in certain cases;
warranty costs (damage to works) if you are buying a new home.

Buying a property can't be improvised. Contacting a professional such as Provence Properties, a real estate agency specializing in the sale of exceptional villas and apartments in the Var, is a wise choice.

Why call on Provence Properties to sell your property in the Var?

Provence Properties is your trusted agency, recognized for its expertise in the local market and its personalized support in the Var region.

Entrust us with your property sales project:

in-depth knowledge of the real estate market in the Var region and Provence Verte ;
extensive network: our network of local partners will help you find potential buyers, increasing your chances of selling quickly;
tailor-made advice: we advise you at every stage of the sale, from the valuation of your property to the signing of the deed of sale;
availability and responsiveness: you have a single point of contact to answer all your questions;
regular follow-up: we keep you informed in real time of the progress of your sale and the visits you've made;
increased visibility: you reach a targeted clientele interested in buying a property in the Var.

By choosing Provence Properties, you are choosing a trusted partner who will support you at every stage of the sale of your property.