solicitors charges when selling a property.

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23 Nov 2012 11:40 by formentera costa Star rating. 356 posts Send private message

Hi, can anyone give me some advice on this

I was talking to friends today who have sold their villa

for 200,000 euros and their solicitor has charged them

3% (6,000 euros) for acting for them in the sale.

surely this amount is excessive, does anyone know

if there are any set rules for solicitor charges.

The reason I ask is because I have a property for sale

and would like some idea of how much or percentage I will

need to pay when my property is sold



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23 Nov 2012 12:24 by georgia Star rating in Algorfa (As seen on .... 1918 posts Send private message

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 solicitors we use charge between 600€ and 1,000€ plus iva.

This is pretty much the norm.



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23 Nov 2012 12:48 by johnzx Star rating in Spain. 3453 posts Send private message

Formentera.
 
Are you sure the 3% was the solicitor's fee ? 
 
  3% is also the amount of retention when a property is sold by a person who is not tax resident in Spain.
 
But.  Why would one want to employ a solicitor to when selling a property. 
 
The sale is completed in front of a Notary whether you have one or not.
 
And, as I have said here before,  much to the annoyance of some who may lose out by it, I have never employed a solicitor in Spain when buying or selling and I have done so several times both for myself and my son.   I accept if one has no experience then it might not appear quite that simple, but it is far from complicated.   (and look at all those who did buy using professionals who have or are at risk now of losing their properties)

 



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23 Nov 2012 16:31 by formentera costa Star rating. 356 posts Send private message

hi johnzx

it did seem very high to me

the couple concerned are non residents

so mabye they have confused the 3% retention

with their solicitors fees.

I will ask my friends to check this out

thanks.



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23 Nov 2012 17:50 by eggcup Star rating. 578 posts Send private message

Our solicitor charged 1% for selling our property and we were not in Spain at the signing of the compraventa, when our estate agent triedto pull  a fast one, giving us a dodgy English translation of the Spanish compraventa, which would have tied us up in knots.  So, we were very glad to have the Spanish lawyer working for us as she pointed out over the 'phone what was written in the Spanish version (the only version that counts in law).  If the amount they paid was 3%, then that doesn't make any sense if it is the retention plus the fees.  Maybe the lawyer intends to charge their fees afterwards, depending on what it means to have 'sold' the villa.  Some people say they have sold a house, when the sale hasn't actually gone through, but they've just had an offer...  We were quoted 1% by our lawyer before the sale was agreed, so we knew beforehand what we would be paying.



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23 Nov 2012 20:03 by tamaraessex Star rating in Colmenar, Malaga. 501 posts Send private message

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When I bought my house this summer, I paid my solicitor 1% as a purchaser, and I know the vendor paid his solicitor 1% as a seller.  In my case this was rounded upwards to 1,000 euros which was their minimum fee.  Not sure about the vendor's fee to his.



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24 Nov 2012 15:12 by fazeress Star rating. 75 posts Send private message

I'm not sure why you wouldn't want to engage a lawyer in Spain for your house sale or purchase.  Would you buy a house in the Uk without one?  I certainly wouldn't!  I'm only buying and the lawyer I'm using based in Malaga charges 0.9% of the purchase price with a minimum fee.  This also includes helping you to set up a bank account of your choice in Spain and obtaining your NIE  numbers.  He will also have power of attorney so that we don't have to keep going back and forth to sign things.  I think this represents excellent value for money as some companies will charge in excess of £200.00 to obtain an NIE number for you.  If you have someone who can push you in the right direction you can do it yourself for a few Euro's but as the lawyer does this anyway I won't need to struggle with it!

I know in selling a house the Estate Agents fee is fairly hefty but I don't know the general charges for the lawyers part but some have commented on here that its not 3%.  One day I may need to find out but at the moment its not my worry.  I hope it all goes ok for you and that it doesn't cost you too much! 





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24 Nov 2012 17:35 by johnzx Star rating in Spain. 3453 posts Send private message

Fazerness,

                              please see my private message.  Not posted here as most will already be aware of what I have said.



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