Clipping of news on Brazilian Culture, Law and Citizenship
08.20.2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
transparent image
SAO PAULO - The home ownership is the dream of many Brazilians. However, consumers should prepare the pocket for expenses that go beyond the value of the input of good and the portions of the mortgage.
According to the president of AMSPA (Association of Borrowers of São Paulo and adjacencies), Marcus Aurelius Light, consumers need to be very careful when closing a deal, for every purchase of this type have extra expenses. "Fees, taxes and costs of change and reform of the property. A good financial planning before you realize the dream of home ownership will avoid future hassles."
Check out the following nine additional expenses listed by the Association, which are inserted into the housing of the acquisition process:
1- ITBI
The Property Tax Property Transfer is charged by the city when there is transfer of ownership, whether home or apartment. The amount of the tax varies depending on the county in which the property is located. In São Paulo, for example, the rate is 3%.
For those who will buy the first residential housing by SFH (National Housing System) are entitled to a discount of 50% from the tax, as stipulated in Article 290 of Law 6,015 / 73.
Who already can not afford tribute to view has the ability to include this expenditure in the loan amount to the financial agent.
2- Scripture
The document is essential to give legal validity to the disposal of real estate assets. It is information on the property and stakeholders in the business. The fee is charged according to the Notary Notes registry of each State and the price as well. However, the tax payment should be made only to those who pay the house in sight. In consumer hypothesis opt for bank financing, the contract with the bank worth as a temporary deed.
3- Property Registration
Made after the deed is required to register it with the Real Estate Registry Office for proving by law who is the owner of the property. This procedure is essential, therefore, to individualize the registration of the property, you can have a history of all events relating to the property and its owners. The value of the document varies according to each state and the property price. On average, are charged 1% of the value of the house or apartment.
It is also worth to note that those who buy the first house by SFH has the right to pay only 50% of the record and also have the option to include the cost in installments of bank loan.
4- Insurance
All financing done within the SFH (Housing Finance System) must include the payment of two safe, one for MIP (Death and Permanent Disability) and the other for DFI (Property Physical Damage). Both are paid simultaneously to the financing of plots. Overall, the cost of insurance on property provision is 3% to 5%. But consumers can save on disbursement of policies by comparing their values with different banking institutions. At this stage it is also advisable to ask for the financial CET spreadsheet (Total Effective Cost), which will show all charges and expenses of the loan.
5- property valuation fee
The fee is charged by the bank to make a survey of the property before granting credit. Its value is set by the financial institution. In May, the Federal Savings Bank increased the rate of R $ 800 to R$ 2,200. On average, the price to be paid by the buyer is R$ 2,500.
6- Sati and Brokerage
At the time of buying the property is common to Sati collection of fees, which are charged by the percentage of 0.88% on the price of the good to the technical and legal assistance service; and Brokerage, which is the fee received by the realtor, ranging from 6% to 8%, as determined by Creci (Regional Council of Realtors). The gatherings, however, are considered illegal by the courts. But to close the consumer contract must submit the payment. However, after disbursing the amount, the acquirer should seek legal assistance to join with action for restitution of values with the necessary corrections and double.
It is important to note that the realtor has every right to get the commission when it completed the deal. But the responsibility of their remuneration is up to the developer.
7- Change
Haggle and planning are the key words to carry the belongings to the new house. The change in price is charged according to the distance, the number of objects to be taken and ranges of each carrier. At this stage also applies carry some objects on their own to save costs.
8- Reform of the property and buying furniture
The property can be new or used, but will always need minor repairs or furniture. Not to endear its cost, it is important to make a good research. Demand at specialty stores or online can help at this stage.
9- Other expenses
Future borrower must also shoulder the payment of certificates issued by the notary, as the real burden of the enterprise fund and the service dispatcher.
Source: Uol
Our news are taken in full of our partner sites. For this reason, we can not change their content even in cases of typographical errors.
This article was translated by an automatic translation system, and was therefore not reviewed by people.