ACQUISITION OF REAL ESTATE
Our leading expertise and local knowledge of the real estate market in the region will, undoubtedly, help you to make your dream come true of owning or renting a property in the Jungfrau Region.
We will take care of all the administration that needs to be done and help you step by step towards your acquiring a new home.
Get informed now and acquire your dream property without worries
These five points will help you clarify your priorities and make an informed decision about purchasing your dream property in the Jungfrau Region.
- What is my budget for the purchase and ongoing costs such as taxes, additional costs and maintenance?
- What type of property do I want to buy? Do I prefer an apartment, a chalet or a detached house?
- What features of the property are important to me, such as the number of bedrooms and bathrooms, balconies and storage space?
- What are my priorities in terms of location, such as proximity to schools, stores, and public transportation?
- What leisure activities and other amenities do I want to take advantage of in the area, such as skiing, hiking, and swimming?
Once you have a clear understanding of your needs and desires regarding your dream property, you can contact a professional who can introduce you to available properties that meet your requirements.
In order to get a better impression of the property during a viewing and to obtain all the important information, you will find a questionnaire here, which will help you to ask the right kind of questions.
If you decide to buy a property, it is important that you are well informed about the different aspects of a mortgage. Through this guide, we will explain the 5 most important points you should consider when applying for a mortgage, as well as useful tips and tricks that can help you complete a successful application.
- Choose a bank that has extensive knowledge of the regional real estate market to ensure you get valuable insight into local market trends and pricing, as well as the best possible assistance in choosing the right mortgage loan.
- Credit Score: Banks check a person’s credit score before approving a mortgage. Make sure you have sufficient collateral and a positive credit history.
- Proof of income: Banks require proof of monthly income and other assets. Make sure you have all the necessary documents ready.
- Type of mortgage: Learn about the different types of mortgages and decide which one fits your needs best.
- Interest rates and fees: Compare offers from different banks in the area regarding terms and conditions to find the best deal
When purchasing a property in the Jungfrau Region, the following ancillary acquisition costs may be incurred:
- Notary and land registry costs: These costs are necessary for the legal processing of the purchase and to complete the record in the land registry. They amount to about 1% of the purchase price.
- The transfer of ownership tax is a tax that applies to the purchase of real estate in Switzerland. This tax is a sales tax levied by the cantons. The amount of the tax in the canton of Bern is approximately 1.8% of the purchase price.
- Insurance costs: It is advisable to take out building liability and household insurance to protect your investment. Building insurance is mandatory in the Canton of Bern.
- Financing costs: If you take out a loan, interest and fees will be incurred.
These costs can vary depending on the canton and your specific situation. It is important to find out the exact costs before you decide to buy and to include them in your budget planning.
There are many legal aspects that must be considered when purchasing real estate. These include aspects such as verifying ownership status and land registry, verifying building and use restrictions, reviewing building code issues, and preparing a formal purchase agreement in writing. It is important that buyer:s thoroughly understand and follow these aspects to ensure a smooth and successful real estate purchase.
In addition to the general legal aspects of buying real estate, Switzerland also has special regulations for the purchase of second residences, which are set forth in the Second Residence Law. This law limits the number of second residences allowed per municipality and specifies the conditions under which they may be purchased. It also regulates the conditions for renting second homes to tourists and the taxation of such units. It is important that buyers ensure that they comply with the requirements of the Second Residence Law to ensure a successful and lawful purchase.
Handing over the property is an essential process that ensures that both buyer and seller know their respective responsibilities and rights. Here are some of the most important issues to consider when handing over a property:
- Condition as seen: Generally, the principle of “condition as seen” applies to the transfer of a property. This means that the property is handed over in the condition it was in at the time of purchase, unless otherwise agreed.
- Difference new construction to older properties: The handover process can be different for new construction and older properties. New construction is often not fully constructed, while older properties may need repairs or renovations.
- Key inventory: It is important to have a complete key list at the time of transfer to ensure that the buyer has access to all parts of the property.
- Mutations: The handover of a property must also include the transfer of ownership to the buyer, which is usually done through a mutation in the land registry. In addition, the change of ownership must also be reported to the municipal and tourist authorities, the electricity provider, the insurance companies and, if applicable, to the property management company.