I want to talk about what it costs when you buy or sell land and buildings. We need to look at three different cases. First, property with title deeds, which happens most often. Second, buying shares in a company that already holds property rights. Third, property held through something called cession—that means no title deed exists yet. Let me explain each one clearly and simply.
When you buy a titled property, you pay the seller whatever price you both agree on. Make sure you know if that price includes all taxes and charges beforehand. You might pay an agreement fee to the lawyer who writes up your contract. Either the buyer or seller can pay this fee, depending on what you decide together. Your contract might come from a lawyer or...