1. Sort out financing
Before viewing, have your bank check affordability. You need at least 20% equity, of which at least 10% must not come from your pension fund.
2. Search and view
Compare location, condition, heating system and, for condominiums, the regulations and renewal fund. Ask for the land register extract and the building insurance value.
3. Reservation
A reservation agreement secures the property for a set period, often against a reservation fee. Check when the fee is refunded.
4. Purchase contract and notary
The purchase contract must be publicly notarised. The notary drafts it and both parties sign in their presence.
5. Payment and land register
On the completion date the price is paid and ownership is entered in the land register. From that day the property is yours.
Purchase costs
Plan for additional costs of often 2% to 5% of the price for notary, land register, mortgage note and, depending on the canton, property transfer tax.
Frequently asked questions
How much equity do I need?
At least 20% of the price, of which at least 10% from funds outside the 2nd pillar.
When does the property become mine?
With the entry in the land register on the completion date.
What are the extra costs?
Often 2% to 5% of the price, depending on the canton.
General information without guarantee. Cantonal rules and your contract may differ; get advice for your situation.
