Notary fees: hurry to finalize your purchase before this date to escape their rise

Departments that wish can very soon increase the transfer duties for consideration. If you have a real estate purchase project, do not delay in making it happen …

Capital video: Real estate: you must buy before this date to avoid the increase in “notary fees”

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The transfer rights for consideration (DMTO), improperly called “notary fees” insofar as they are essentially made up of local taxes, will increase on April 1, for a period of three years. The finance law for 2025 gives the departments that wish, the possibility of increasing the DMTO by 0.5 points. “”Most of the departments will undoubtedly increase this»»estimates Sandrine ALLONIER, communications manager of the Vousfinance mortgage broker. First of all because their finances are degraded after two years and Deli of a real estate crisis which caused a dive of the DMTOs, one of their main recipes. Then, because “The increase in DMTOs represents a political and less communication issue that the increase in property tax, which weighs even heavier“Explains Sandrine Allonier.

The increase in “notary fees” will not be trivial for real estate buyers. For example, it will rise to 1,500 euros for a purchase of 300,000 euroscalculate you. The first-time buyers, who buy their main residence for the first time, will however be exempt from this increase in DMTOs. But,“For Secundo-Ocscedors, who generally buy a second property between 400,000 and 600,000 euros, it will be necessary to pay up to 3,000 euros in additional notary fees. A sum that we would prefer to allocate to the development of the house… ”specifies Sandrine Allonier. Take the case of a purchase at 600,000 euros in the old one. The “notary fees” representing 7% to 8% of the purchase price, in this case they amount to 45,000 euros. A sum to which it will be necessary to add 3,000 euros once the increase in DMTOs entered into force. Or a total of almost 50,000 euros.

Shortly to avoid increasing “notary fees”

No wonder, therefore, that, for several weeks, many buyers put pressure on notaries to sign the authentic purchase acts before April 1. An INSEE study had thus highlighted a leap of 26% of the number of real estate transactions During the month preceded the increase of 0.7 point from the DMTOs in 2014, “In order to avoid this increase”. If you have found the apartment or the house of your dreams, do not wait on April 1 to sign the authentic purchase act … The acceleration of the number of transactions before the entry into force of the increase in DMTOs in 2014 had not compensated for the drop in sales which had enlisted.

“This is the too much measure, it is not a good signal for buyers who are currently afraid of a rise in credit rates”was annoyed Elodie Frémont, notary in Paris, during the last economic point of the notaries of Grand Paris.