| BUYING PROCESS |
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Once the client has chosen a chalet or apartment, a Swiss solicitor (notary) will be introduced to you. A solicitor from your own country is not necessary.
The procedure is as follows:
- Complete a civil status questionnaire
- Complete a « declaration sur l’honneur »
- Complete a Power of Attorney which states the following:
Name and address of the purchaser, location and name of the property, number of the parking space (if applicable), sales price, schedule of payments, set as a percentage of the total sale price
- Produce a copy of his/her passport, signed.
- The signature on the Power of Attorney and on the copy of the passports must be legalized. (i.e. witnessed by a notary)
Once the solicitor has received all the completed and signed documents, plus the deposit, he will draw up the deed of sale and documents required for legal ownership take. After up to 3 months the notary will receive a “buying authorization”. Once that authorization has been received, he will record the deed of sale in the Land Register.
A Swiss solicitor / notary (from the local district) will act on behalf of both the purchaser and the vendor to protect both their interests. The solicitor’s fees (including stamp duty) are up to 3% of the purchase price in Le Valais and up to 5% in Vaud.
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One must sign a Swiss document (this document is in French), which can be translated into English for you |
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One can buy a second house in one or maximum 6 names. When one purchases in a company name, one may only buy commercial properties (e.g. a hotel, restaurant or buildings specifically for tourist purposes), not a holiday home. |
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Yes, this is possible. In this case the client signs e a power of attorney on the client’s behalf as well as a copy of the sales act. The procedure would take place in the presence of a solicitor in London so that the relevant documents can be signed on your behalf in front of the solicitor in Switzerland. |
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No, there aren’t. |
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