Advice: Solicitor % Fees
I have made preliminary contact with a Solicitor. So far, without speaking on the phone, he says his fees are more or less 4%. I want to haggle for less, am I a tightwad?! No seriously, what is the norm for property sale fees, please?
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Re: Advice: Solicitor % Fees
Originally Posted by mrs teapot
(Post 4564724)
I have made preliminary contact with a Solicitor. So far, without speaking on the phone, he says his fees are more or less 4%. I want to haggle for less, am I a tightwad?! No seriously, what is the norm for property sale fees, please?
think we paid about 1000€ but that was a few years ago good luck with your nenegotiations |
Re: Advice: Solicitor % Fees
So, its the norm then?
Thanks for replying. Anyone know an exact GOOD percentage% they paid?? I would appreciate it. I've only got until tomorrow to sort this out. Thanks. |
Re: Advice: Solicitor % Fees
Originally Posted by mrs teapot
(Post 4564895)
So, its the norm then?
Thanks for replying. Anyone know an exact GOOD percentage% they paid?? I would appreciate it. I've only got until tomorrow to sort this out. Thanks. |
Re: Advice: Solicitor % Fees
Thanks Spain for your reply.
Trouble is at present Im told, via email it more or less 4%. I have read that you should negotiate down. Now if it stays at 4% that would make my fees way more than 10% - ie 7% for IVA, 4 % for lawyer then notaria etc etc. I have surfed and surfed this site, but cant find a percentage re Spain (can other countries). Off to surf the wider web.... thanks again for replying, I really appreciate it. I owe you a brew! mrs teapot :) |
Re: Advice: Solicitor % Fees
Originally Posted by mrs teapot
(Post 4565223)
Thanks Spain for your reply.
Trouble is at present Im told, via email it more or less 4%. I have read that you should negotiate down. Now if it stays at 4% that would make my fees way more than 10% - ie 7% for IVA, 4 % for lawyer then notaria etc etc. I have surfed and surfed this site, but cant find a percentage re Spain (can other countries). Off to surf the wider web.... thanks again for replying, I really appreciate it. I owe you a brew! mrs teapot :) |
Re: Advice: Solicitor % Fees
The solicitor we deal with and when we was looking to purchase a property it would only be 1000 euros, and he would not charge us when he looked at the note simple of other houses, we always have free advice from him.
regarding banks, mortgages etc etc Very hard to find a lawyer you trust and is highly recommended :D |
Re: Advice: Solicitor % Fees
Our Lawyer charges 1% of the purchase price of the property but sets a minimum fee at 1500 Eu
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Re: Advice: Solicitor % Fees
1% is the norm unless it's a complicated transaction.
4% is a rip off, find another lawyer! |
Re: Advice: Solicitor % Fees
That is what I suspected, but needed confirming!
Thank you so much to everyone for confirming this for me I have found one that is the same as mentioned above. 1% but with minimum fee of E1.500, plus 16% IVA (I hope you will not tell me that 16% IVA is wrong now!!!! gulp)_. I'm off to sort it out. Thanks so much. mrs teapot - no flamin time for a cuppa this morning - gasp! |
Re: Advice: Solicitor % Fees
I'll put the kettle on for you this time! Sounds like you need one!
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Re: Advice: Solicitor % Fees
Thanks Hillybilly! I needed that. Sigh.
The annoying thing is the 4% solicitor is a cousin of a very good Spanish friend of mine. Grrrrrrrr - he saw me coming - the vulnerable English lass - NOT! :) |
Re: Advice: Solicitor % Fees
Originally Posted by mrs teapot
(Post 4566315)
That is what I suspected, but needed confirming!
Thank you so much to everyone for confirming this for me I have found one that is the same as mentioned above. 1% but with minimum fee of E1.500, plus 16% IVA (I hope you will not tell me that 16% IVA is wrong now!!!! gulp)_. I'm off to sort it out. Thanks so much. mrs teapot - no flamin time for a cuppa this morning - gasp! |
Re: Advice: Solicitor % Fees
oh god, have I been had again?!!!! I am buying. Is that 7% iva for solicitor fees or 16%. Shit. I've set things in motion. Can anyone clarify this? I only have a few hours before I go.
Thanks in advance. |
Re: Advice: Solicitor % Fees
1% for sure
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