Real costs when buying an apartment: taxes & fees

Overview: what buyers should anticipate

When you buy an apartment in Batumi or elsewhere in Georgia, the headline price is only the start. Additional costs commonly include notary fees, state registration, agent commissions, legal checks, appraisal and possible bank charges. After purchase, monthly condo fees and utilities will affect your budget.

Taxes, notary and registration

Property transfers involve official registration and often a notary. These payments can be fixed fees or percentage-based depending on the service. Before you sign, request a clear breakdown of mandatory charges from the notary or agent so you know what you pay for.

Agent and broker commissions

Commission practices vary: sometimes the seller pays, sometimes the buyer, and occasionally costs are split. Always agree on commission amount and responsibilities in writing. Clarify whether the agent will handle paperwork, negotiations and post-sale support.

Legal checks and valuation

Invest in a legal review of ownership documents and potential encumbrances. A professional valuation can confirm market price and help negotiate. These services add cost but reduce risk and can save time during closing.

Bank fees and mortgage costs

If you use a mortgage, include bank processing, appraisal, insurance and possible currency transfer fees in your plan. Compare offers from multiple lenders and ask about all upfront and ongoing costs to avoid surprises.

Practical steps to prepare

1. List all potential costs and set aside a contingency (a modest percentage of the purchase price) for unexpected items.
2. Ask for a pre-sale cost estimate from the notary and agent.
3. Order a legal due diligence and valuation early.
4. Compare mortgage offers and read loan conditions carefully.
5. Negotiate commissions and who pays which fees as part of the contract.

Final advice

Treat additional expenses as part of the total price, not an afterthought. Get written estimates, consult a lawyer when in doubt, and build a small reserve to cover extra costs. For related guidance, see realnye-rashody-pri-pokupke-kvartiry and realuri-xarjebi-binis-shesadzena. Thoughtful preparation keeps the deal smooth and protected.