Jannik, you mention in the last few minutes of the video something about paying the same property tax again when buying a new house after selling the prior one. Can you elaborate on this? Are you talking about something like stamp duty or register fees to get loans or deed in a public register or? how much amount-wise are we talking about (on the example you use of a 500k property ) ?
Hi there, Every time you buy a property you pay a Purchase Tax. It’s typically 6-8%. So if you buy the first property for 500k you pay like €40k in Purchase Tax. If you sell it and buy your 2nd property for 500k you have to pay the €40k tax again if the price of the property is the same of course. Hope it makes sense. There is also other cost such as lawyers, register fee, mortgage fees if you finance it
@@HyggeJourney got it thanks, and yes I think I have a good idea of the other costs involved when it comes to a purchase. Keep up the great work you 2. a pleasure to watch your informative videos and as fellow danes it’s great to see your content. . you are nailing it 😊looking forward to your next videos.
Normally seller pay a 5% commission. If the same agent act as both the sellers and the buyer agent they get the entire commitment. If you choose to have a buyers agent it’s free for you as the buyers agents company get the half of the agreed commission. Typically it’s 5% + sales tax. (So a 50% cut) Hope it makes sense :)
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Great information and interview. Thank you so much for making this video. Very helpful indeed. Great job👍👍
Always good to hear from Ayres. His comments are clear and your questions are ones I would have, so thanks, again you two.
Thank you! Yes we try to get some value out of him 😉
This was great! I just sent Ayres an email as we will be in Portugal this Summer and we were looking for a Realtor.
Glad you like the video! Ayres definitely is very professional. 👍
We'll be there in the Fall and need a realtor as well.
Informative. Saving this for 2030 when i come over to retire. obrigado!
Glad you could use it!
Jannik, you mention in the last few minutes of the video something about paying the same property tax again when buying a new house after selling the prior one. Can you elaborate on this? Are you talking about something like stamp duty or register fees to get loans or deed in a public register or? how much amount-wise are we talking about (on the example you use of a 500k property ) ?
Hi there,
Every time you buy a property you pay a Purchase Tax. It’s typically 6-8%. So if you buy the first property for 500k you pay like €40k in Purchase Tax. If you sell it and buy your 2nd property for 500k you have to pay the €40k tax again if the price of the property is the same of course.
Hope it makes sense.
There is also other cost such as lawyers, register fee, mortgage fees if you finance it
@@HyggeJourney got it thanks, and yes I think I have a good idea of the other costs involved when it comes to a purchase. Keep up the great work you 2. a pleasure to watch your informative videos and as fellow danes it’s great to see your content. . you are nailing it 😊looking forward to your next videos.
Great video, what is not clear is how they earn there money, as Aryes says it costs nothing which suggest the seller pays out ?
Normally seller pay a 5% commission. If the same agent act as both the sellers and the buyer agent they get the entire commitment.
If you choose to have a buyers agent it’s free for you as the buyers agents company get the half of the agreed commission. Typically it’s 5% + sales tax.
(So a 50% cut)
Hope it makes sense :)