Acquisition process
Once you have selected your apartment and contacted us, you can reserve your desired apartment. This reservation requires a fee but can be canceled in writing at any time. During the reservation period, we will discuss the layout of your apartment with you.
Following this, we will instruct the notary to prepare the draft of the purchase agreement. After a 14-day period, the property can be notarized. Once notarized, the notary fees and property transfer tax (approximately 8% of the purchase price) will become due. This first cost block is generally covered by your equity.
At the start of construction, the first installment of 15% of the purchase price is due, as an alternative to the 30% according to the MaBV (German regulation for real estate transactions). Depending on your contract model, you will pay the remaining purchase price only upon the handover of the fully finished apartment.
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Alternatively, you have the option to pay the purchase installments according to the progress of construction, as specified in the MaBV regulations. If you have any questions regarding payment terms or financing models, we are happy to assist you.