Great site! I sold a house last year for 550 euros and was charged 1% just for the sale which was very straightforward. I think now I would have been wiser to negotiate an hourly fee, or better still not use a lawyer at all. Do posters think you really need one for a sale?
I would definitely recommend having a lawyer. If you have an agent you trust, that’s great, but your agent is also acting on behalf of the other party as well (vendor/buyer). Our agent was fantastic, but they certainly wouldn’t have told us to proceed without a lawyer acting purely for us. Friends of mine found out that the house they were about to buy was a complete legal nightmare once their lawyer had done her searches, and so were saved loads of hassle down the line. They went for somewhere else. Lawyer’s are essential and can take a lot of stress out of the transaction, but make sure you have someone recommended to you and do try to negotiate on fees, as 1% can be extortionate depending on the amount of work involved.
In our area, the average lawyer’s fee is 1% of the purchase price when it comes to buying a property. When it comes to selling, some lawyers charge a fix fee, as they understand the work in question is very straightforward, as you have said.
However, when you pay 150,000 euros for a property your interests are not the same as if you pay 700,000. Therefore, price is based on the protected interests. Some lawyers, however, are confident that the work never has a price of 7,000 euros (as per the last example), and stop in 2,000 or 3,000 euros in these cases or reduce the percentage to 0.75%, for example.
Anyway, it is always good advice to hire a lawyer. Whan you buy a property, 1% for your peace of mind is not a fortune!
This website uses cookies to improve your experience. If you continue to use the website you agree to our use of cookies. You can find out more here. Accept
Cookies
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.