Notary Fees for Buying and Selling a House: A Complete Guide

Buying or selling a house is a significant life decision. However, before the transaction takes place, several aspects need to be considered, including the notary fees involved in the process.

As known, the role of a notary is crucial during the house-buying or selling process, including when purchasing a subsidized house. This article will provide a detailed explanation of these notary fees.

What Are Notary Fees for Buying and Selling a House?

Notary fees for buying and selling a house are the charges paid to a notary for carrying out the legal processes related to property transactions. A notary plays a critical role in ensuring that the documents associated with the transaction are properly drafted and comply with applicable laws.

If you are purchasing a house through a mortgage (KPR), the notary is usually appointed by the bank. If not using a mortgage, the notary can be appointed by either the buyer or the seller.

Components of Notary Fees for Buying and Selling a House

Notary fees during a house transaction consist of several components. Here are some common elements you need to know:

Notary Honorarium

The honorarium is the fee paid to the notary for their services in handling the property transaction. This fee may vary depending on the notary engaged.

Deed Preparation Fees

The notary prepares the legal deed for the house transaction, which involves costs for drafting and authenticating the deed.

Taxes

Several taxes are associated with house transactions, such as the Land and Building Acquisition Fee (BPHTB) and Income Tax (PPh). A notary can assist in calculating and paying these relevant taxes.

How to Calculate Notary Fees for Buying and Selling a House?

Notary fees for property transactions can vary depending on several factors, such as the transaction value, property location, and local regulations. Typically, notary fees are calculated as a percentage of the transaction value or house price. This percentage usually ranges from 1% to 2% of the transaction value.

The Importance of Using a Notary's Services

Using a notary's services during the buying or selling process offers several benefits. First, a notary ensures that all documents related to the transaction are correctly drafted and legally compliant.

Second, a notary facilitates the payment of taxes and deed authentication, ensuring that all legal aspects of the transaction are fulfilled.

Notary services are essential whether you are buying a commercial or subsidized house. By utilizing a notary, you can minimize legal defects and potential issues with your property in the future.

Conclusion

Notary fees for buying and selling a house are a necessary cost in the transaction process. Utilizing a notary's services provides legal protection and ensures that all aspects of the transaction are properly fulfilled. Be sure to account for these notary fees in your financial planning when buying or selling a house.

Notary fees include the notary’s honorarium, deed preparation fees, deed authentication fees, and associated taxes. Using a notary’s services is critical for ensuring the validity of the transaction and legal compliance. By considering these fees, you can better prepare for your property transaction.