In this article, the process of purchasing real property in Finland is treated. The owner of a real property may sell it freely by him/herself but normally a commission with a real estate broker for selling the property is made. A written sales contract must be signed by the seller, the buyer, and by a public purchase witness. The buyer must take care of the registration of the deed (apply title) and pay the transfer tax (four per cent). The commission fee to the broker (about 4 per cent + VAT) is normally paid by the seller.
|Title of host publication||The Onthology and Modelling of Real Estate Transactions|
|Editors||Heiner Stuckenschmidt, Erik Stubkjaer, Christoph Schlieder|
|Place of Publication||Great Britain|
|Publisher||Ashgate Publishing Limited|
|Publication status||Published - 2003|
|MoE publication type||A3 Part of a book or another research book|
- real property