Deed and Transfer Expenses: What to Pay at Closing
In addition to the price, a sale has closing costs. I'll explain what they are and how to estimate them before signing.
When buying a property, the price is not the only outlay. These are the concepts that appear at the time of closing and that should be budgeted from the beginning.
Notary Fees
The public notary drafts the deed, verifies background information, and manages the registration. Their fees are calculated based on the value of the transaction according to a professional tariff; ask for a written quote before hiring them.
Transfer Taxes and Fees
The transfer generates tax obligations and registration fees. Their calculation depends on the value of the transaction and the status of the parties (natural person or legal entity, resident or not). The notary will make the exact liquidation for your case.
Registration in Public Registries
The registration of the deed in the Dirección General de los Registros Públicos has its own fee. This is the step that makes your right enforceable against third parties: it is not optional.
Property Debts
Before signing, it is necessary to verify that the municipal real estate tax, electricity, water, and, if applicable, building expenses are up to date. It is common for the seller to pay them off until the delivery date.
Real Estate Commission
In Paraguay, the commission is usually paid by the selling party and is agreed upon in writing before publishing. If you are going to sell, see how I handle the sale of your property.
How to Estimate It
The correct way to budget is to ask the notary for a preliminary settlement with all concepts before signing the reservation. This way, you enter the transaction without surprises.