Are you browsing Homebase’ products and wondering what are the fees and costs involved in each? 

In this article, you’ll find out everything you need about the fees, costs, and property price calculations to make decisions much more efficiently. 

Let’s get right into it! 

Buy with Installment's home-buying deposits

Buyback price is the amount you’ll build up over time to fully take ownership of the property. This price is calculated based on Homebase’ forecasted property price in the future at the month you will have completed your buyout. 

The buyback price comprises of:

Homebase’ property purchasing price from the buyer, and

pre-agreed appreciation until the month of your buyback

For example, if the property price is 5,000,000,000 VND, and the expected annual appreciation rate of the property is 4.96% in the next 4 years (=48 months). The property buyback price after 4 years would be 5,991,592,929 VND. 

In order to build up the buyback price, there are 2 types of payment to be made: 

• Initial Deposit is the remaining amount of money that you don’t need Homebase’ capital to cover from the property price. 

Timing: After you sign the contract with Homebase 

Amount: Minimum 10% of the property price

• Monthly Deposit is your accumulated monthly payment to buyout the property at the end of the contract term. 

Timing: Within the first day of the month to the due date of the payment, starting from the following month of your contract signage with Homebase. 

Amount: There are 2 ways that you could choose to make the monthly deposits:

For example, the property price is 5,000,000,000 VND, and the expected annual appreciation rate of the property is 4.96% in the next 4 years (=48 months). Assuming Homebase’ deployment is 2,500,000,000 VND, the payment schedule is as follows:

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Fees

1. Application Fee is an initial fee to cover the costs for Extensive Financial Appraisal and Property Valuation.

Timing: After you agree to our initial Financing Proposal & decide to proceed further with us

Amount:

Read the full article to understand more about our application fee: Application fees for Homebase products - How much do I have to pay?

2. Processing Fee is an initial fee to cover a portion of costs related to the process of buying, maintaining, and transferring the property to you. 

Timing: On the day you and Homebase sign the contract 

Amount: 1% of the total disbursement less the application fee (no less than 10 million VND).

For example, you sent 2 properties in Ho Chi Minh City for valuation. 

Afterwards, if you decide to proceed with Property 1 worth 6 billion VND, then Homebase will collect the disbursement amount minus the application fee of Property 1 (which is 4,400,000 VND) on the date of the contract signage. 

Other third-party fees

• Notary Fee is a paperwork fee charged by the Notary Office to notarize documents such as SPA.

Timing: On the notary date

Amount: 

• Registration Fee for the Pink Book is a fee charged by the People’s Committee to update your information upon the Pink Book after you bought out the property

Timing: 1 week after the notary date

Amount: 0.5% of the original property price

Optional Fees

Sales & Marketing Fee is a fee charged for Homebase to sell and market the property on behalf of you if you choose to walk away and want Homebase to sell the property for you. 

Timing: After Homebase sells the property

Amount: 7% of the Final Selling Price

Conclusion

Homebase aims to make our product so easy to understand that our customers gain sufficient information just from browsing through our website. The list above comprises every type of fees for a successful transaction with us.

If you still have questions, don’t hesitate to shoot us an email at contact@gethomebase.com or phone/Whatsapp/Zalo at  (+84) 964 245 404. We’ll be available to answer any questions you might have. Fill in a quick form here for quick support from our team within 48h.

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