Closing a home deal digitally or in person

Tell the real estate agent that you as the buyer or the seller want to close the deal digitally. The real estate agent will collaborate with the buyer’s and seller’s banks and process everything apart from the signatures. 

The actual deal is closed when both the buyer and the seller approve the deed of sale and other documents with their online banking codes or other means of strong identification. 

Drafting and checking the deed of sale 

The real estate agent will draft the deed of sale. Check the deed of sale carefully in the digital service as soon as possible. After you have checked the deed, the real estate agent will ensure that the buyer’s and the seller’s banks will check the final deed of sale.

Signing the deed of sale digitally 

The deed of sale will be ready for signing when both the buyer and the seller have finalised their home loan business with their banks and the banks have confirmed this to the real estate agent. 

We recommend that you sign the deed of sale digitally in the digital closing service as soon as possible (not in Nordea Netbank or Mobile). 

We will finalise the deal

Once the deed of sale has been signed, we will draw down the loan and pay the following items from your account:

• the purchase price
  
• the real estate agent’s commission (if any) 
• other costs related to the loan and collateral 
• the asset transfer tax. To get your personal reference number for the asset transfer tax, log in to the Tax Administration’s MyTax serviceOpens new window.

The real estate agent will deliver the transfer tax return to the Tax Administration. 

If you buy shares in a housing company but don’t use a real estate agent or if you buy a real estate unit, you will need to fill in the transfer tax return in the MyTax service yourself. Read more about the asset transfer tax.

A traditional closing usually takes place at the buyer’s bank with the buyer, the seller, the real estate agent and a bank employee present.  If the deal concerns a real estate unit, a notary will also be present.

Both parties to the deal must have IDs with them. See the identity documents accepted by Nordea.

You can sign your home loan agreements digitally before the closing. However, if you have arranged with us to sign the agreements in branch when the home deal is closed, you will have time to do this before the other parties arrive.

Drafting and checking the deed of sale

The seller is responsible for drafting the deed of sale. If the home deal involves a real estate agent, the agent will draft the deed of sale.

At the closing meeting, you will go through the deed of sale and agree on the practicalities, such as the handover of keys and the possession date.

Signing the deed of sale and paying the purchase price

After both the buyer and the seller have signed the deed of sale, we will draw down the home loan and pay the following items from your account: 

• the purchase price
• the real estate agent’s commission (if any) 
• other costs related to the loan and collateral
• the asset transfer tax. Get your personal reference number for the asset transfer tax in advance from the Tax Administration’s MyTax serviceOpens new window.

The real estate agent will deliver the transfer tax return to the Tax Administration. If you buy shares in a housing company but don’t use a real estate agent or if you buy a real estate unit, you will need to fill in the transfer tax return in the MyTax service yourself. Read more about the asset transfer tax.

If you buy shares in a housing company, the seller or the real estate agent will usually note the transfer of ownership in the paper share certificate. The share certificate will also be converted into a digital format in this connection.