Real estate broker Hungary

Individuals no longer encounter obstacles when buying a property in Hungary these days. It is up to you if you want to buy your house through a real esate broker in Hungary or directly from the owner. The procedure of buying a property in Hungary itself is not complicated. First of all, both parties need to agree on the purchasing price of the house. When you agree on the price you need to get a contract. This needs to be done by a Hungarian lawyer who also helps you with the entire buying proces. When the lawyer only speaks Hungarian it is adviced to get a translator in your native language. When you sign the contract usually a deposit is made. The amount of the deposit is up to the buyer and seller, but typically is between 10% and 20% of the purchasing price. This deposit provides security for both buyer and the seller of the home. If the seller decides not to sell the property after the contract is signed, then the seller is required you to repay 200% of the original deposit. For this reason, a seller is not likely to withdraw the property. In the other situation, when you cancel the purchase, you will lose the full deposit made by you. As a buyer of a home in Hungary, you also have to get permission from the government to purchase the property. In the contract you will find a clause that the contract could be terminated when you won't get the permission from the government. In this case, the deposit by the seller has to be paid back to you in full. The entire purchase will proces normally takes about 4 to 8 weeks.

The notary plays a very limited role when buying a home in Hungary. The notary only does the legalization of your passport. This legalization will be attached to the contract of the lawyer.

The additional costs for the buyer are the legal fees, notary fees and transfer tax. The attorney fee depends on the lawyer. Usually it is a percentage of the purchasing price of the property. To give you an estimate of these costs, they should be between 500 and 1,000 euros. The costs for the legalization by the notary is around 5 to 10 euros. Finally, the transfer tax. Which has 2 discs. Over the first tranche of HUF 4 million (approximately 16,000 euros) you will pay 2% tax. Every over 4 million forint is taxed with 6% transfer tax. The transfer tax is not paid immediately upon purchase. The Hungarian authorities will collect it later. Usually six months to one year after the purchase of the property.

All homes at hongarijevilla.com can be bought with or without a real estate broker. Buying a home without broker has obviously the advantage that it is cheaper. However, if you prefer the certainty of a real estete broker, then you are free to do so!