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Old 16.02.2016, 17:54
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Selling property steps

Hi,

just wanted to share the basic steps to avoid an expense estate agent and selling your property yourself:

1. Put an exposé together (PM me for a draft) (seller)
2. Advertise (in CH many places find a buyer without putting it onto homegate, etc. - just spread the word) (seller)
3. Find a buyer
3. Find a bank to mortgage with (buyer)
4. Agree on solicitor (buyer and seller)
5. Ask solicitor to draw up a draft (buyer and seller)
6. Sign the contract for the mortgage with the bank (buyer)
7. Payment of buyer's equity for the house to the bank (buyer)
8. Buyer's bank of choice will write a "promise to pay" for the solicitor
9. Signature of agreement of sale at the solicitor (buyer and seller)
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Old 16.02.2016, 18:51
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Re: Selling property steps

I guess the OP's post is helpful to those who can read and understand the contracts they sign as well as all well as other documents which belong to the transaction.
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Old 16.02.2016, 21:00
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Re: Selling property steps

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2. Advertise (in CH many places find a buyer without putting it onto homegate, etc. - just spread the word) (seller)
Any examples you want to share? Which one gave you the most interest?
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Old 17.02.2016, 01:10
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Re: Selling property steps

Thanks, do you know on average what percentage of the price of the sale the solicitor charges? Is there a set fee or are they paid by the hour?
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Old 18.02.2016, 18:30
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Re: Selling property steps

The solicitors fees are standardised and are usually split 50/50 by buyer and seller.

I don't know the exact figure and as always will depend on the Kanton, but should be something in the area of 3-5k.
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Old 19.02.2016, 22:49
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Re: Selling property steps

I think the splitting also depends on the Kanton (to be checked).
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The solicitors fees are standardised and are usually split 50/50 by buyer and seller.

I don't know the exact figure and as always will depend on the Kanton, but should be something in the area of 3-5k.
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Old 19.02.2016, 23:57
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Re: Selling property steps

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Hi,

just wanted to share the basic steps to avoid an expense estate agent and selling your property yourself:

1. Put an exposé together (PM me for a draft) (seller)
2. Advertise (in CH many places find a buyer without putting it onto homegate, etc. - just spread the word) (seller)
3. Find a buyer
3. Find a bank to mortgage with (buyer)
4. Agree on solicitor (buyer and seller)
5. Ask solicitor to draw up a draft (buyer and seller)
6. Sign the contract for the mortgage with the bank (buyer)
7. Payment of buyer's equity for the house to the bank (buyer)
8. Buyer's bank of choice will write a "promise to pay" for the solicitor
9. Signature of agreement of sale at the solicitor (buyer and seller)
BASIC is a very good description of this list!
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Old 20.02.2016, 10:10
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Re: Selling property steps

The is no solicitor involved in Swiss property exchanges.

I took my first house purchase contract to a lawyer in Zurich and it was a complete waste of time as he read the contract and told me every clause could go wrong for me.

I have bought twice and sold once in Switzerland and it is the Grundbuchamt (land registry), local Notariat (legal advisor supplied by the local council) and, in the case of sale, the local tax office who were involved.

Prices for Notoriats are available at your local council office. Likewise the Grundbuchamt.

Cost as quite favourable compared to the UK - cost at split 50/50 between buyer and seller. But there are some hidden charges to watch for - eg when you have a mortgage the Grundbuchamt holds a letter allowing the lender first claim in case of default. These cost, but can be "inherited" from previous owner - even if is on the land and not the building.

With new builds watch for surveying costs from the local council months after you've moved in for placing expensive copper border markers in concrete. These can run into 1000s.

I bought and sold 5 properties in the UK and 2 here. I would say the Swiss experience, as often here, leaves more risk and responsibility on the buyer. There are no such things as "searches", so if an autobahn is to be built down the road, it's up to you to find this out - no one else will tell you...
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Old 20.02.2016, 10:43
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Re: Selling property steps

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The is no solicitor involved in Swiss property exchanges.

I took my first house purchase contract to a lawyer in Zurich and it was a complete waste of time as he read the contract and told me every clause could go wrong for me.

I have bought twice and sold once in Switzerland and it is the Grundbuchamt (land registry), local Notariat (legal advisor supplied by the local council) and, in the case of sale, the local tax office who were involved.

Prices for Notoriats are available at your local council office. Likewise the Grundbuchamt.

Cost as quite favourable compared to the UK - cost at split 50/50 between buyer and seller. But there are some hidden charges to watch for - eg when you have a mortgage the Grundbuchamt holds a letter allowing the lender first claim in case of default. These cost, but can be "inherited" from previous owner - even if is on the land and not the building.

With new builds watch for surveying costs from the local council months after you've moved in for placing expensive copper border markers in concrete. These can run into 1000s.

I bought and sold 5 properties in the UK and 2 here. I would say the Swiss experience, as often here, leaves more risk and responsibility on the buyer. There are no such things as "searches", so if an autobahn is to be built down the road, it's up to you to find this out - no one else will tell you...
This is a very much more measured comment, I also have brought and sold here and it is clear the OP appears to have not had such an experience. The process is very dependent on kantons, gemeinde/commune and following a process. While it is admirable to avoid using an agent they do know what they are doing better then most expats or foreigners
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Old 20.02.2016, 12:06
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Re: Selling property steps

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The solicitors fees are standardised and are usually split 50/50 by buyer and seller.

I don't know the exact figure and as always will depend on the Kanton, but should be something in the area of 3-5k.
Using the word solicitors is misleading as solicitors provide legal advise.
The Notary acts for the government, not the buyer or seller.
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Old 20.02.2016, 15:06
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Re: Selling property steps

The costs are split between buyer and seller unless one side is at fault for an increase in costs and then the notar can bill that side directly.
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Old 20.02.2016, 15:44
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BASIC is a very good description of this list!
Yes, it basic - but I think we got a good discussion going here

Thanks guys!


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The is no solicitor involved in Swiss property exchanges.

I took my first house purchase contract to a lawyer in Zurich
Sorry, I've used "solicitor". Also "lawyer" is not the right word. I was referring to a Notary (German: Notar).

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... also have brought and sold here and it is clear the OP appears to have not had such an experience.
Not true, going through it right now

Last edited by 3Wishes; 20.02.2016 at 16:21. Reason: merging consecutive replies; try the multi-quote button (to the right of Quote). ;)
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Old 20.02.2016, 16:17
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Re: Selling property steps

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Not true, going through it right now
Going through it now...... so you have not had the full experience.........
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Old 20.02.2016, 18:11
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Re: Selling property steps

Quote:
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The solicitors fees are standardised and are usually split 50/50 by buyer and seller.

I don't know the exact figure and as always will depend on the Kanton, but should be something in the area of 3-5k.
Quote:
View Post
I think the splitting also depends on the Kanton (to be checked).
Quote:
View Post
The costs are split between buyer and seller unless one side is at fault for an increase in costs and then the notar can bill that side directly.
Not in Vaud. Notary costs of 5% are paid by the buyer.
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Old 20.02.2016, 20:17
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Re: Selling property steps

(Are we still being kind to newbies?)
I think the last bullet point should be "Bend over".
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