About Hypofriend
What is special about Hypofriend's advice?
Exploring my options- Should I buy or continue renting?
- Is now a good time to buy property for own use?
- What are the real estate agent fees in Germany?
- How much can I afford or borrow?
- How can I increase what I can borrow?
- Can I get a credit loan to increase my affordability?
- Can I get a mortgage in Germany without equity?
- What is Baukindergeld and how can it help me?
- I'm self-employed, am I eligible for a mortgage and how much?
- Should I borrow the maximum amount or should I save some equity?
- What’s the difference between buying for own use and buying to let?
Exploring my options: advanced questions- How do I know if a property is over priced?
- Can I use a Bausparvertrag as a down payment?
- Should I get pre-approved for a mortgage?
- Can I get a mortgage for property outside Germany?
- What happens after my mortgage request gets approved?
- How does the KfW subsidy work with my mortgage?
- Can I include modernisation or renovation costs into the mortgage?
Mortgage fundamentals- How can I get pre-qualified?
- How is the monthly rate calculated?
- How quickly should I pay off my mortgage?
- What is Loan-to-value and why does my down payment matter?
- How to choose the right fixed interest period?
- Can I use extra repayments to repay my mortgage quicker?
- Are my mortgage payments tax deductible?
- What more should I consider before closing my mortgage?
- What should I know if I expect to sell my house within 10 years?
- What is my SCHUFA score?
- How can I improve my SCHUFA score?
- How does my SCHUFA score affect my mortgage?
Applying for a mortgage
Handy Definitions- Kaufnebenkosten
- Anschlussfinanzierung
- SCHUFA
- KfW Darlehen
- Tilgung
- Zinszahlungsdarlehen
- Forward Darlehen
- Maklergebühr
- Grunderwerbsteuer
- Beleihungswert
- Vorfälligkeitsentschädigung
- Laufzeit
- Monatsrate
- Notarkosten
- Bausparvertrag
- Bauträger
- Annuity Loan
- Selbstauskunft
- Restschuld
- Notar & Beurkundung
- Zinsbindungsfrist
- Beleihungsauslauf
- Grundschuld
- Grundbuch
- Volltilgerdarlehen
- Notwendige Unterlagen
- Bereitstellungszinsen
- Haushaltsrechnung
- Grundsteuer
- Sondertilgung
- Baukindergeld
- Immobilienfinanzierung
What are the real estate agent fees in Germany?
The real estate fees or closing costs involved in purchasing a property in Germany are among the highest in the world. Not to worry, buying a property can still be very worthwhile but you must educate yourself on the purchasing costs. Keep in mind that the main impact is that you need to stay longer in your home for it to be worth your while. With the current low interest rates it does not take long for buying to be a better option than renting. Check Hypofriend's rent or buy calculator.
The purchase fees for property in Germany are as follows:
Notary fee: 1.50 % - 2,00 %
Property transfer tax: 3,50 % - 6,50 %
Real estate commission: 0,00 % - 3,57 %
The (maximum) fees depend on the state that you will be buying in:
| State | Real Estate Tax | Real Estate Agent fee | Notary costs | Total |
|---|---|---|---|---|
| Baden-Württemberg | 5,00% | 3,57% | 2,00% | 10,57% |
| Bayern | 3,50% | 3,57% | 2,00% | 9,07% |
| Berlin | 6,00% | 3,57% | 2,00% | 11,57% |
| Brandenburg | 6,50% | 3,57% | 2,00% | 12,07% |
| Bremen | 5,00% | 2,98% | 2,00% | 9,98% |
| Hamburg | 4,50% | 3,18% | 2,00% | 9,68% |
| Hessen | 6,00% | 2,98% | 2,00% | 10,98% |
| Mecklenburg-Vorpommern | 5,00% | 3,08% | 2,00% | 10,08% |
| Niedersachsen | 5,00% | 3,57% | 2,00% | 10,57% |
| Nordrhein-Westfalen | 6,50% | 3,57% | 2,00% | 12,07% |
| Rheinland-Pfalz | 5,00% | 3,57% | 2,00% | 10,57% |
| Saarland | 6,50% | 3,57% | 2,00% | 12,07% |
| Sachsen | 3,50% | 3,57% | 2,00% | 9,07% |
| Sachsen-Anhalt | 5,00% | 3,57% | 2,00% | 10,57% |
| Schleswig-Holstein | 6,50% | 3,57% | 2,00% | 12,07% |
| Thüringen | 6,50% | 3,57% | 2,00% | 12,07% |
Looking for a mortgage?
Use Hypofriend's affordability calculator to see what you can afford based on your personal situation.
