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Advice: Solicitor % Fees

Advice: Solicitor % Fees

Old Mar 26th 2007, 9:38 am
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Default 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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Old Mar 26th 2007, 10:02 am
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Default Re: Advice: Solicitor % Fees

Originally Posted by mrs teapot
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?
no you haggle away

think we paid about 1000€ but that was a few years ago

good luck with your nenegotiations

Last edited by spain; Mar 26th 2007 at 10:21 am.
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Old Mar 26th 2007, 10:12 am
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Default 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.
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Old Mar 26th 2007, 10:20 am
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Default Re: Advice: Solicitor % Fees

Originally Posted by mrs teapot
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.
they usually say allow approx 10% of the property price for fees which incl solicitor, notary and taxes
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Old Mar 26th 2007, 12:17 pm
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Default 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!

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Old Mar 26th 2007, 6:35 pm
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Default Re: Advice: Solicitor % Fees

Originally Posted by mrs teapot
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
Tell him to TEA OFF
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Old Mar 26th 2007, 7:37 pm
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Default 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
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Old Mar 26th 2007, 8:05 pm
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Default 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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Old Mar 26th 2007, 8:56 pm
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Default Re: Advice: Solicitor % Fees

1% is the norm unless it's a complicated transaction.
4% is a rip off, find another lawyer!
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Old Mar 26th 2007, 8:59 pm
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Default 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.

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Old Mar 26th 2007, 9:12 pm
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Default Re: Advice: Solicitor % Fees

I'll put the kettle on for you this time! Sounds like you need one!
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Old Mar 26th 2007, 9:49 pm
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Default 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!
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Old Mar 26th 2007, 10:22 pm
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Default Re: Advice: Solicitor % Fees

Originally Posted by mrs teapot
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!
16% is wrong, its 7% I have it here in black and white, then again thats for buying, are you selling
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Old Mar 27th 2007, 5:42 am
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Default 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.
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Old Mar 27th 2007, 6:12 am
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Default Re: Advice: Solicitor % Fees

1% for sure
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