Fees for buying a house

[Che1990]

Hi!

I wanted to see if anyone knows most up-to-date fees one could expect to pay on the purchase of a property in CABA.

I guess it’s all based on a % of the sale price.

I’ve looked on Google and the forum etc, but as everything changes so often in Argentina that it would be good to get up-to-date numbers.

It’s early days yet, considering selling a property and would use those funds, so money would’ve come from abroad and need to be covnverted to USD too.

How much can you often knock off the asking price in negotiations?

I’m very novice so hence all the questions!

 

[carride]

It’s early days yet, considering selling a property and would use those funds, so money would’ve come from abroad and need to be covnverted to USD too

In regards to this statement in your post, you can easily transfer USD to your Argentina dollar account without it ever being converted to pesos. Since It is early, start by adding a dólar account and testing small transfers from US to that account. Talk to the banks Comex departament since you will transfering savings as USD which for many Argentina banks limit the paperwork and fees.

 

[Che1990]

In regards to this statement in your post, you can easily transfer USD to your Argentina dollar account without it ever being converted to pesos. Since It is early, start by adding a dólar account and testing small transfers from US to that account. Talk to the banks Comex departament since you will transfering savings as USD which for many Argentina banks limit the paperwork and fees.

I’m from the UK so would have to convert from GBP to USD.

But thanks for your input!

 

[carride]

I’m from the UK so would have to convert from GBP to USD.

But thanks for your input!

I assume xe fee will much less if you convert to USD before sending here.

 

[Neil]

Hi!

I wanted to see if anyone knows most up-to-date fees one could expect to pay on the purchase of a property in CABA.

I guess it’s all based on a % of the sale price.

I’ve looked on Google and the forum etc, but as everything changes so often in Argentina that it would be good to get up-to-date numbers.

It’s early days yet, considering selling a property and would use those funds, so money would’ve come from abroad and need to be covnverted to USD too.

How much can you often knock off the asking price in negotiations?

I’m very novice..

Total closing costs for buyers can range from 6.8% to 7.3%, while for sellers they can range around 3.8% (excluding potential capital gains tax). Give or take a few $'s

 

[LuckyLuke]

Howdy Che,

I'm in the middle of buying another property here in Neuquen. Only you know that you are willing to pay, and I would highly recommend you consult someone outside the immobilaria as to what a reasonable value is for the property you have in mind should be.

I've heard as a general rule of thumb that you can negotiate 10-15% and I've found that to be true with my own negotiations. Some realtor websites will give you the time on the market for the property and it helps greatly to know your leverage when you are dealing with a property that has been on the market for 1-2 years for example.

Inn my experience, you can expect to pay the sellers agent 3% on the full purchase price (blanco + negro) and the Escribano another 2% as well. Shop around, Escribano's will sometimes offer a bonificacion (discount) to get your business. The municipal (sello) fees can vary by province. Here in Neuquen, for example, it's a steep 3% but in Rio Negro it's less than 1%. The good news is the sello is only on the blanco portion.

Hope that helps!

 

[twoofeverything]

¿A quién le corresponde pagar la comisión inmobiliaria en la compra-venta de una propiedad?

En un momento en que crece el interés por la compra de una propiedad, muchos se preguntan por los detalles de estas operaciones

www.lanacion.com.ar

 

[Dim Witty]

For rentals, tack on about 15% for the agent.

 

[Ries]

Realistically you need to allow up to 10% above sales price for closing. If you are lucky and savvy to real estate it can be less, but there are always unexpected things in Argentina. For instance, its gonna cost you something to get money here, no matter how you do it. Could be a couple percent. You need a good escribano to walk you thru it all, someone you are comfortable with who speaks your language.
Plus, there will always be expenses after you own it. Usually there are 5 dollar light fixtures, and unless you buy new construction, expect to have to do electrical and plumbing work, wall patching and painting, and spend time and money getting utilities restarted changed, and updated. It all adds up.

As far as bargaining, it depends on what they are asking. You can find ridiculous asking prices, by people who dont really want to sell unless they make a fortune, and there are also places where they want to sell, now, and are priced low.
The best thing to do is figure out where you want to live first, then go look at ten or 12 places, and you start to get a feel for conditions, prices, and degrees of work needed.
Which is work, but it pays off. We sold and bought about a year ago. Looked at at least 50 places online, and a dozen in person. Made an offer that was refused for one place, a couple that was well off and not “ motivated “, and finally found a great place that was sitting empty for two years, two older brothers who had inherited it, and they were ready to deal. A realtor is not going to know you, and what you want, and, frankly, unless you study the market by going to see places, you may not know what you want either.

 

[Ries]

this online calculator is a good place to start to figure costs, but believe me, there WILL be unexpected and unavoidable costs, which you just cant do anything about. Its not people ripping you off (although that can happen too) its just complicated here.

Calculadora de impuestos y costos de escritura - Bresson Brokers

Calcula fácilmente los impuestos y costos de escritura para compradores y vendedores de propiedades. Obtén un cálculo preciso y actualizado en segundos.

bresson.com.ar