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Real estate sale: timeline after notarization of the purchase agreement

A significant milestone in the real estate sales process is the signing of the purchase agreement before a notary public, who provides official notarization of the contract. Many buyers wonder what happens after the notarization and what timeline to expect. Here you can find information on the general timeline following the notarization of the purchase agreement. Please keep in mind that these are only estimated values, which can vary from case to case and can also be significantly exceeded.

The purchase contract was notarized about 1 week ago

A notarized copy of the purchase agreement is sent to the buyer and seller a few days after the notarization. The notary applies for the entry of a conveyance in the land register for the buyer. With the entry of the caution for conveyance, it is apparent to everyone that the buyer has a claim to the sold property.

The purchase agreement was notarized about 2 weeks ago.

Once the purchase agreement is notarized, the buyer can have a notarized charge on land (Grundschuld) established if they need to take out a loan to finance the real estate purchase. To do this, the buyer needs a charge on land establishment form from their financing bank, which they must present to the notary. The establishment of the charge on land can take place immediately following the reading and signing of the purchase agreement.

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The purchase agreement was notarized 4 to 10 weeks ago

About four to nine weeks after the purchase agreement becomes legally effective through a notary, the buyer will receive the property transfer tax assessment from the tax office. They should also transfer this amount to the responsible tax office on time, because only after payment will they receive the tax clearance certificate required for the transfer of ownership.
As a general rule, the notary will not send the purchase price maturity notice to the buyer until he can guarantee that the buyer will also receive ownership in accordance with the contract in the event of payment. This includes the entry of the priority notice of conveyance in the land register at the agreed rank, the deletion of old encumbrances if these are not assumed by the buyer, and, in the case of the sale of an apartment, the consent of the administrator of the condominium owners' association.

When selling plots of land, a negative certificate from the municipality stating that it is waiving its right of first refusal is also required. As your real estate agency, we are also happy to assist you in obtaining the documents. Once the buyer has received the notification of purchase price maturity, they have time to transfer the purchase price until the deadline agreed upon in the purchase contract. If the buyer takes over the remaining loan of the mortgage entered in the land register from the seller's bank, the seller will only receive the remaining amount of the purchase price in their account.

The purchase contract was notarized 6 to 12 weeks ago

Once receipt of the full purchase price has been confirmed in the seller's account, the notary submits the application for the transfer of ownership to the land registry. The buyer also becomes the possessor at that point and is entitled to use the acquired property. However, all obligations and burdens, such as the duty to maintain public safety on the property, are also transferred to the buyer. If the seller still receives invoices related to the property, they can forward them to the buyer.

The purchase contract was notarized 5 to 12 months ago

During this time, the buyer is ultimately entered into the public register, the land registry, as the owner of the property or land. Both parties are informed by the notary via a registration notice when the process is complete. In addition, the building insurance is transferred to the buyer. Immediately after the transfer of ownership, the building insurance company must be notified in writing. It does not matter whether the seller or the buyer takes care of this. Afterwards, the buyer has the right to cancel the insurance within one month, either with immediate effect or at the end of the insurance period. The change of ownership must be reported to the tax office for property tax purposes within three months of the transfer of ownership.

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Good preparation ensures a quick process

The multitude of procedures that a notary has to process takes a lot of time. You can be certain that the notary will endeavor to process your purchase contract and the other procedures as quickly as possible. All necessary documents and important information will be sent to you automatically by the notary's office. For inquiries, you should always provide the file number or deed number. You can, of course, also contact your real estate agency. We will support you in all matters. The process of a real estate sale may sound complicated, but it is a clearly structured process. We as a real estate agency will do everything to ensure that all preparations are made to speed up the procedures. If you are still unsure, please contact us. In cooperation with the notary, we will discuss all processes with you once again.

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Since 2004, we have been assisting property owners with the sale and rental of real estate in the Isar metropolis. As an owner-managed company, we place the utmost importance on personalized advice, transparency, and trust. With our many years of experience, personal commitment, and excellent marketing, we ensure that you achieve the best possible results.

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Great professionalism and constant availability

Now that the sale of my apartment has been completely finalized, I would like to take this opportunity to thank you again for the excellent cooperation with your agency. The marketing of the property, especially the exposé you created, was of a high standard and presented the property optimally. Your agency was characterized by high efficiency, great professionalism, and constant availability. You advised me excellently throughout the entire sale and truly accompanied me until the final formalities. For these reasons, I can only wholeheartedly recommend your agency.

Dr. J. L.

Thanks to Mr. and Mrs. Rogers, we found our dream home :)
The care was, from the first second to the last, very, very friendly, professional, and accommodating. We couldn't have wished for a better collaboration and would like to thank you sincerely! :)

L. B.

We would like to thank Ms. Rogers and Mr. Rogers from the bottom of our hearts for their exceptional support as we searched for our new home. After more than three years of intensive searching and numerous meetings with various real estate agents, we have finally found a team that has impressed us not only with the highest level of professionalism, but also with their warmth and great dedication.

From the very first contact, we were guided through the entire purchasing process with great care, patience, and friendliness. Also worth mentioning is Ms. Kaufmann—a financing expert who was recommended to us by Ms. Rogers. The collaboration between Ms. Rogers, Mr. Rogers, and Ms. Kaufmann played a key role in ensuring that all the formalities went remarkably smoothly and without complications.

Communication was always open, honest, and warm, and the advice was professional and tailored precisely to our needs. Thanks to this support, we were able to make our dream of owning our own home a reality.

We wholeheartedly recommend Rogers Immobilien to anyone looking for real professionals with a human touch. Thank you again sincerely – we will remember you fondly!

M. G.

A fantastic and very honest real estate agency—Mr. and Mrs. Rogers were highly knowledgeable and provided us with the best possible advice and information at every step throughout the several-month process of purchasing an older home. 5 stars—that’s become a rarity in Munich!

P. W.

While searching for an apartment to rent in Munich, we eventually came across a property listed by Mr. and Mrs. Rogers. We have nothing but positive things to say about the entire process, from our initial contact all the way through to the handover of the apartment. Everything went very professionally and smoothly. Mrs. Rogers was always approachable and went out of her way to answer even the smallest questions as quickly as possible and to gather all the requested information. Mr. Rogers organized and conducted the apartment viewing and subsequent handover very carefully and conscientiously. All in all, we were extremely satisfied with our interactions with Mr. and Mrs. Rogers and can highly recommend them!

S.R.

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