Notary fees: simulate your acquisition costs

Notary fees, also known as acquisition fees, are the costs incurred when buying real estate and which are paid to the notary. They consist mainly of:

• The notary's remuneration, called emoluments
• Taxes and duties collected on behalf of the State, the department and the municipality
• The costs and disbursements related to the constitution of the file and the various administrative procedures

Notary fees vary depending on the nature of the property (new or old), its value and the geographical location of the property.

The notary fees are made up of several elements:

• Notary fees: This is the actual remuneration of the notary for his work. These emoluments are regulated and calculated according to the value brackets of the property.
• Taxes and duties: Taxes, such as the land registration tax (TPF ), are collected by the notary on behalf of the State, the department and the municipality. Their amount varies according to the age of the property and the department where it is located.
• Costs and disbursements: These are the sums advanced by the notary to carry out the various steps necessary for the purchase of the property, such as the consultation of the cadastre or the costs of land registration.
• Building security contribution (CSI): This is a tax levied for the benefit of land registration, the rate of which is 0.1%.

Note: Chez Trackstone, we have chosen not to include the CSI detail because it is negligible in the majority of scenarios.

The payment of notary fees is mandatory because it allows to:

• Remunerate the notary for his work when buying a a property
• Collect taxes and duties for the benefit of local authorities and the State
• Ensure the legal security of the transaction and the preservation of authentic deeds

The notary is a public officer who guarantees the legality and validity of the acts he draws up.Thus, the payment of notary fees makes it possible to cover the various missions of the notary and to ensure the smooth running of the real estate transaction.

The tariff of notary fees depends on several factors:

• The value of the property
• The nature of the property (new or old)
• The geographical location of the property (taxes vary according to the department)

The notary's fees are regulated and calculated according to tranches property value:

Taxes and rights, such as the land registration tax, vary according to the department and the age of the property. The costs and disbursements, for their part, depend on the steps necessary to purchase the property.

The notary fees are detailed in a notarial deed, which includes:

• The notary's fees, calculated according to tranches of value of the property and in accordance with the regulations in force
• Taxes and duties, such as the land registration tax, the amount of which varies according to the department and the age of the property
• The costs and disbursements, which correspond to the sums advanced by the notary to carry out the various procedures necessary for the purchase of the property
• The property security contribution, the rate of which is 0.1%

The notary must provide you with a detailed statement of notary fees before signing the deed of sale.

The notary fees must be paid when signing the deed of sale at the notary. The buyer generally pays an advance when signing the compromise or the promise of sale, which is deducted from the total amount of notary fees to be paid when signing the final deed of sale.

It is important to include notary fees in your budget real estate purchase, because they represent an additional cost to be taken into account during your investment.

No, the presence of several notaries does not increase the notary fees. The fees are shared between the notaries involved in the transaction, without impacting the total cost for the buyer. Indeed, the fees are calculated according to a fixed and regulated scale, so that the distribution of the costs between the different notaries does not modify the overall amount to be paid by the buyer.

It is possible to reduce notary fees by negotiating certain elements, such as notary fees or administrative fees. Trackstone provides you with all the tools to find the best solutions to optimize your real estate investment. For example, you can:

• Negotiate the application fees with the notary
• Opt for a new property, which benefits from a reduced rate of notary fees
• Combine several real estate acquisitions in a single transaction to limit costs

To perform a simulation of notary fees, you can use an online simulator which takes into account the price of the property, its nature (new or old), and your personal situation. At Trackstone, we provide you with a powerful and easy-to-use simulation tool to estimate the notary fees related to your investment.

Here is a practical example for the simulation of notary fees:

1. Fill in the purchase price of the property
2. Indicate whether it is a new or old property
3. Specify your personal situation (couple, single, etc.)
4. The simulator will automatically calculate the notary fees based on the information provided

Example of simulation:

Let's imagine that you buy an old property worth €200,000. Here is how the notary fees could be calculated:

• Tax advertising fun (TPF): 200,000 x 3.80% (departmental rate) = €7,600
• Assessment and collection costs: 7,600 x 2 .37% = €180.12
• Property security contribution: 200,000 x 0.1% = €200
• Notary fees: (6,500 x 3.870%) + (10,500 x 1.596%) + (43,000 x 1.064%) + (140,000 x 0.799%) = €2,514.30

Total notary fees: 7,600 + 180.12 + 200 + 2,514.30 = €10,494.42

Do not hesitate to contact us to get a personalized estimate and expert real estate investment advice.

However, if a notary applies this reduction, he must also grant it to all his other clients whose transaction exceeds €100,000. The negotiation can be difficult, but it is always possible to consult different notaries and try to negotiate their remuneration. Each consultation is free until the drafting of the deed of sale.