Log cabin on a 2,000 m² plot with electricity connection, Tohmajärvi

Terms of sale

Bids must be submitted by the stated deadline, and the seller undertakes to sell the property to the highest bidder. EcoStake Oy and the buyer undertake to record all bids in the system. By placing a bid, the bidder accepts these terms of sale.

Viewing the property
Before placing a bid, the bidder must carefully review the property listing, photographs and documents. We also recommend an independent site visit. The buyer may not subsequently invoke a circumstance that could have been detected during a prior inspection.

Information provided by the seller

EcoStake Oy has provided the buyer with all information known to the seller that can reasonably be expected to affect the transaction.

Completion of the sale
The sale of the property must be completed in the form prescribed by the Finnish Code of Real Estate. The time and place or method for signing the deed of sale will be agreed separately with the buyer, but within 14 days of the auction closing. We primarily prefer the deed of sale to be signed electronically through the property transaction service (kiinteistoasiat.fi). The buyer pays the purchase price into the bank account specified by the seller at the time of completion. The buyer obtains title to the property after signing the deed of sale and paying the purchase price.

Other costs
The buyer is responsible for transfer tax, which is 3% of the debt-free purchase price. The title registration and service fee is €236, payable by the buyer. If desired, the buyer may also obtain, at their own expense, an up-to-date extract from the Land Register, a title certificate and an encumbrance certificate for the completion date, at €16 each.

Withdrawal from the sale
If the buyer states that they will not redeem the property, or if the purchase price has not been received in the account specified by the seller by the due date or by the end of the following banking day at the latest, this will be considered a refusal to complete the sale. The property will then be offered to the prospective buyer who made the second-highest bid. The party refusing to complete the sale must compensate the other party for reasonable costs arising from advertising, inspecting the property and other necessary measures related to completing the sale, as a contractual penalty of 10% of the sale price. The contractual penalty is recoverable and is not subject to VAT. The contractual penalty will be sent to the email address provided by the buyer, with a payment period of 7 days from the date on which the buyer states that they will not redeem the property or the purchase price invoice falls due. Late payment interest is charged at 9.5% in accordance with the Interest Act. Please do not bid if you are unable to redeem the property.