D&D Purchase
D&D Purchase Guidance: The process for buying Recreational Property in clear steps
Buying a second home is an exciting step for many. At D&D Purchase Guidance, we aim to support you before, during and after the purchase. We answer frequently asked questions such as: How do I buy a house, for example in Austria? What are specific things I should pay attention to? Do you need a lawyer, accountant or tax advisor? Are there any hidden costs? In this roadmap, we tell you what to expect when buying a property.
Step 1: Determining your housing needs and budget
The first step in the buying process is to determine your living requirements and your budget. With a large supply on the leisure market, it is practical to know in advance how much you want to spend. When determining, also take into account purchase costs, which can vary between 8% and 14% of the purchase price.
Step 2: The search begins
Now that your budget is set, the search can really begin. With your living requirements in mind, we will check whether the perfect home that meets your needs is on the market.
Step 3: Viewings
Upon finding a suitable property, we will organise and schedule viewings for you.
Step 4: Your ideal holiday home found!
We help you make an offer. If you want to take out a mortgage, we’ll make sure all the necessary documents are prepared for the bank.
Step 5: Legal and financial settlement
The legal and financial aspect of buying a recreational property requires precision. We check the agreements and involve the necessary professionals, such as notaries and accountants, carefully selected from our reliable network of partners in this process.
Step 6: The (provisional) sales contract
The preliminary sales contract, also known as the purchase agreement, contains, among other things, the names of you as buyer(s) and seller(s), the purchase price, the date of key transfer, and any resolutive conditions.
In Austria, before the final purchase agreement is drawn up, it is customary to first sign a so-called Kaufanbot. This means that you offer to buy the property. The selling party is always still free to sell the property to another party until the seller accepts and also signs this ‘Kaufanbot’.
Step 7: Completion and key handover
When your holiday home is handed over, we can accompany you to make sure everything goes as agreed.
