August 11, 2022

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The agriculture industry accounts for just a minor portion of Switzerland’s economy due to the...

The agriculture industry accounts for just a minor portion of Switzerland’s economy due to the country’s climate. Switzerland’s agriculture, for example, contributed 1% of the country’s gross domestic product in 2016. Most agricultural products (livestock, vegetables, fruits) are sold on the local market because the agricultural sector is a modest but essential economic activity. However, a few items get marketed on worldwide markets, such as Swiss cheese.

Legal Requirements 

The Swiss Code requires the seller of Obligations to disclose any faults that influence the property’s value. Failure to do so might lead to a sizable compensation claim. As a result, getting a property assessed by a surveyor before placing it on the market is a good idea. If you have the property professionally valued, this usually gets included in the evaluation. 

Aside from that, any legal responsibilities which the seller incurs must get specified in the sale contract. In most Swiss real estate transactions, the seller assumes no responsibility for the property once the sale gets completed, except liability for undeclared faults.

When selling a home in Switzerland, you’ll need to employ a Swiss notary to work on your behalf; this isn’t essential until the time of sale, though.

Getting Your Land Valued

To sell agricultural land online in Switzerland, you’ll need to determine a reasonable asking price for your Swiss house before you can sell; this entails appropriately valuing the property. It is achievable in one of two ways listed below.

An internet valuation tool such as the RealAdvisor tool, there are a plethora of them accessible. These are typically free, simple to use, and demand basic facts such as the property’s address, size, and age. 

Having your house valued by a property expert: they are generally industry experts who do an in-depth investigation utilising industry valuation methods. For example, market value, actual asset value, or the hedonic technique. Although you will have to pay a charge, this will provide you with a complete examination of the current worth of your house (generally around CHF 1,000)

Selling Land On a Property Website 

A property website is an excellent approach to market your home in Switzerland. In the era of the internet, these websites are getting increasingly popular. They are comparatively less complex and less costly than hiring a realtor. However, keep in mind that their services are limited to promoting your place; you will be responsible for everything else. 

Homegate and ImmoScout 24 are two of the most prominent websites that help sell Switzerland’s agricultural land online. In comparison, you may search for and compare the most significant property sites. Advertising rates are often significantly lower than those charged by estate agents and get determined by the content of your ad.

Hiring A Notary 

When selling property in Switzerland, you’ll need to find a notary to work on your behalf. After a buyer gets located, notaries are solely involved in the contractual agreements. However, it’s worth looking into this as soon as possible.

Your Swiss notary is in charge of drafting the sales contract, which both parties must sign. They will also be in the order of any preliminary letters of intent or agreements and the enrollment of the property act with the land registry.

Property Viewings

If the land is in high demand, you may get a lot of viewings. Some folks might wish to have another look around. As a result, unless a realtor handles everything, it’s a good idea to plan and allow plenty of free time on your calendar. 

Before the viewing, make sure the space is clean, neat, and smells pleasant. 

Prepare to answer property-related queries (for example, the noise levels or water quality). 

If you have an energy certificate, bring it with you. 

Any possible issues must get brought up right away. Most buyers value honesty, and it helps to prevent difficulties later on.

Cost 

According to the Global Property Guide, the dealer pays between 3.23 per cent and 5.38 per cent of the property transaction price in fees. These are the most common: 

Notary costs might range from 1% to 1% of the selling price. Taxes, such as transfer taxes on real estate and capital gains, differ across cantons. Transfer tax, for example, has been removed in Zurich but is still roughly 3.3 per cent of the transaction price in Vaud. 

Deed registering fees, usually between 1–1.5 percent of the sale price if you use one. 

We hope that the information helped give you a clearer outlook online on selling agricultural land in Switzerland.

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