Costs
What costs does a buyer have to count on at an auction?
The costs of an auction usually consist of:
1. transfer tax (3% or 6% of the purchase price or tax value and the additional charges!)
2. notarial fee
3. Land Registry fees (these fees are billed to the notary by the Land Registry Office, and the notary will pass them on to the buyer)
4. overdue property tax and/or overdue ground rent
5. advertising costs
6. rent of the meeting room
7. process server's fees
8. other costs, such as receipt stamps and the like
Note: It is not possible at an auction to make a reservation with regard to financing! Who is assigned the object auctioned is also obligated to pay for it!