Two holiday cottages on the shore of Portimojärvi, Ranua

AUCTION TERMS FOR SALE OF PROPERTY (PLOT)

Information provided by the seller

Property and zoning information is based on public authority registers and other confirmed documents.

Viewing the properties

Bidders must familiarise themselves carefully with the property and the information provided. It is recommended to view the property on site. Bidders must form their own independent view of the property's value on which to base their bid.

Bidding

Bids are placed in the www.huutokaupat.com service by the stated time, or within 3 minutes of the previous bid if the auction time has ended (each new bid always extends the auction by 3 minutes). A compensation fee for cancelling a binding sale is 10% of the purchase price, but at least €1,000. This compensation fee is not subject to VAT. The seller will notify via the service within 2 working days of the auction's end whether the bid is accepted or rejected if the reserve price has not been met.

The seller has the right to reject offers.

DVV approval

The sale requires approval from DVV. The buyer agrees to wait for the DVV's decision.

Concluding the sale

The buyer must pay a deposit of 10% of the purchase price to Laprim Oy's client account within two working days of the auction being accepted, after the DVV decision. The buyer agrees to sign the deed within three weeks of a positive DVV decision. The seller's representative will prepare the deed and obtain documents related to the property: the title certificate, property register extract and encumbrance certificate. Signing takes place at Keskustie 26, 97700 RANUA. The purchase price is to be paid by bank transfer to Laprim Oy's client account before or at the signing of the deed. The buyer is responsible for the notary fee (€143) and the transfer tax on the property sale, which is 3% of the purchase price. The buyer will obtain ownership and possession of the property once the full purchase price, including any late interest, has been paid and the deed signed by both parties and confirmed by the notary.

Costs of cadastral procedures

The buyer is responsible for the costs of the cadastral procedures to separate the plot (formation of a new parcel).

Applying for title

The buyer must file the transfer tax notification on the tax authority website, pay the transfer tax and apply for title (lainhuuto) for the acquisition within six months of signing the deed. The buyer is responsible for the costs of applying for title.