Join Talk Quesada
Welcome to Talk Quesada! My name's Alex and this is my website all about Ciudad Quesada in Spain. Talk Quesada is free to sign up and use so register below!
Budget
Budget
by Aboyne » Thu Apr 27, 2017 10:12 am
I asked my agent to give me an idea how much to budget for when buying a property in Quesada. He said €4000 for solicitors fees and 10% tax. Can anyone tell me if this is normal. Is 10% tax of the price of the property. Hope this makes sense.
- Aboyne
- Posts: 18
- Joined: Wed Dec 14, 2016 9:14 pm
- Gender: Female
Re: Budget
by TonTri » Thu Apr 27, 2017 11:07 am
It depends on the price of the property but I would allow 14-15% on top of the property cost for all your fees.
We bought our apartment in December for €65500 and the total cost of solicitors, notary, purchase tax and house insurance was €9200. Yes the purchase tax in Valencia Province is 10%.
Hope this helps.
We bought our apartment in December for €65500 and the total cost of solicitors, notary, purchase tax and house insurance was €9200. Yes the purchase tax in Valencia Province is 10%.
Hope this helps.
-
TonTri - Posts: 2631
- Joined: Thu Nov 10, 2016 5:31 pm
- Which part of Spain are you from?: Quesada
- Gender: Female
Re: Budget
by Shiva » Thu Apr 27, 2017 12:26 pm
Agree with Ton Tri, to allow for 14-15% on top of purchase price to cover all transactions costs including tax. Ours eventually came in just under 14% as far as I remember. The solicitor fee sounds high at 4k euro but it is likely that includes notary, land registration and all the associated various certificates and bits and bobs and not just the solicitor. A good solicitor will itemise everything for you so you know exactly what's what. Just always be sure to use a different solicitor from the agent's solicitor so you can be confident there is no risk of conflict of interest. lots of recommendations on here , I used Silvia Galve ( SGM Abogados) and she was great including giving me a full itemised estimate of costs in advance . She also handled switching all utilities etc etc so had no worries.
-
Shiva - Posts: 1566
- Joined: Sat May 16, 2015 12:46 pm
- Gender: Female
Re: Budget
by donaduo » Thu Apr 27, 2017 2:06 pm
TonTri wrote:It depends on the price of the property but I would allow 14-15% on top of the property cost for all your fees.
We bought our apartment in December for €65500 and the total cost of solicitors, notary, purchase tax and house insurance was €9200. Yes the purchase tax in Valencia Province is 10%.
Hope this helps.
Are you figures correct, I make that in excess of 40%
- donaduo
- Posts: 689
- Joined: Sun Sep 27, 2015 10:17 pm
- Which part of Spain are you from?: Quesada
Re: Budget
by scubydoo » Thu Apr 27, 2017 2:34 pm
Aboyne wrote:;) I asked my agent to give me an idea how much to budget for when buying a property in Quesada. He said €4000 for solicitors fees and 10% tax. Can anyone tell me if this is normal. Is 10% tax of the price of the property. Hope this makes sense.
40000 euros for solicitors fees is way over the top should be les than 2K, I would say 13-14% total
- scubydoo
- Posts: 3328
- Images: 3
- Joined: Sat Mar 01, 2014 4:10 pm
- Which part of Spain are you from?: Benimar
- Gender: Male
Re: Budget
by TonTri » Thu Apr 27, 2017 2:36 pm
Yes they are correct. I dont know where you get 40% from, 9200 divided by 65500 = 14.05%
-
TonTri - Posts: 2631
- Joined: Thu Nov 10, 2016 5:31 pm
- Which part of Spain are you from?: Quesada
- Gender: Female
- transitman
- Posts: 41
- Joined: Sat Feb 18, 2017 11:57 pm
- Which part of Spain are you from?: rojales
- Gender: Male
Re: Budget
by Babu » Thu Apr 27, 2017 3:59 pm
Don't forget that not all the fees are based on a percentage of the purchase price so the higher the property price the (slightly) smaller the percentage the fees work out at . . . i.e. for a 70K property the fees/tax work out at a higher percentage than say, a 160k property would . . .
- Babu
- Posts: 911
- Joined: Thu Mar 24, 2016 10:25 pm
- Which part of Spain are you from?: El Raso
- Gender: Male
Re: Budget
by maisiesdad » Thu Apr 27, 2017 4:24 pm
I think the solicitors fees at 4000€are high. I have bought a couple properties and each was just over 2000€, with total costs at 13.5%.
-
maisiesdad - Posts: 912
- Images: 1
- Joined: Sun Feb 22, 2015 12:54 pm
- Which part of Spain are you from?: Dona Pepa
- Gender: Male
Re: Budget
by TonTri » Thu Apr 27, 2017 4:29 pm
You're right Babu, but where 10% of the costs are made up of the purchase tax you need to make an allowance above that for the additional fees. Probably in the case of a €170k house the overall additional expenses would be in the region of 13%.
Maisiesdad, I think Shiva was right and that the €4000 includes the Notary, Land Registration and possibly NIE's, Spanish Wills and House Insurance. Our costs for the solicitor was €1250 but then there was an additional €1900 for the afore-mentioned, excluding purchase tax.
Maisiesdad, I think Shiva was right and that the €4000 includes the Notary, Land Registration and possibly NIE's, Spanish Wills and House Insurance. Our costs for the solicitor was €1250 but then there was an additional €1900 for the afore-mentioned, excluding purchase tax.
-
TonTri - Posts: 2631
- Joined: Thu Nov 10, 2016 5:31 pm
- Which part of Spain are you from?: Quesada
- Gender: Female
Page 1 of 2 • 1, 2
14 posts
• Page 1 of 2 • 1, 2
Related topics
-
- Similar Topics
- Replies
- Views
- Last post
-
-
Budget rent-a-car Murcia/Corvera Airport
by andree2912 » Fri Sep 08, 2023 12:49 am in Quesada general discussion - 2
- 214
-
by andree2912
Sun Sep 10, 2023 12:53 am
-
Budget rent-a-car Murcia/Corvera Airport
Return to Banking and finances
Who is online
Users browsing this forum: No registered users and 4 guests
Login
Find in Quesada
Quesada pages
Quesada discussion
- Quesada general discussion
- Banking and finances
- Broadband, Wifi, Phone and TV
- Buses and public transport in and around Quesada
- Driving to Spain / Car hire in Spain / Buying and owning a car in Spain
- Fiestas in Quesada
- Flights, baggage and airports
- Health services in Quesada
- Insurances and wills in Spain
- Items for sale and wanted in and around Quesada
- Interesting articles about Spain
- Jobs and careers in Quesada
- Lost and found in Quesada
- Market days
- Places to go for free Wi-Fi
- Recommended restaurants / cafes / bars
- Recommended Tradesmen and Companies
- Residency in Spain: padron, residencia and passport advice
- Safety / security information and property in Spain hints and tips
- Taxes in Spain: Suma, NIE and general tax advice
- Taxis in Quesada
- Things to do and places to go in and around Quesada
- Utilities in Spain: Electric, gas and water recommendations and advice
- Weather in Quesada
- Where to buy things in and around Quesada
- Where to hire things in and around Quesada
Properties discussion
Businesses and places in Quesada
- Bars and pubs in Quesada
- Beaches near Quesada
- Beauticians / Beauty salons in Quesada
- Bedding and soft furnishings shops in Quesada
- Butchers in Quesada
- Car dealers in Quesada: new and used car dealers
- Car garages, mechanics, tyre fitter centres in Quesada
- Car hire in Quesada
- DIY / Bricolage / Ferreteria stores in Quesada
- Equipment hire centers in Quesada
- Estate agents in Quesada
- Furniture shops in Quesada
- Garden centres and garden furniture shops in Quesada
- Golf Courses in Quesada
- Grills / gates / metal items shops in Quesada
- Hairdressers in Quesada
- Hotels, guest houses and bed and breakfasts in Quesada and nearby
- Internet service providers that cover Quesada
- Launderettes / dry cleaners in Quesada
- Markets in Quesada
- Medical / Health centers in Quesada
- Pet shops in Quesada
- Pharmacies / Chemist shops in Quesada
- Restaurants in Quesada
- Shopping centres in Quesada
- Sports centres and gyms in Quesada
- Supermarkets in Quesada
- Swimming pool services in Quesada
- Town Halls (Ayuntamientos) in Quesada
- Waterparks/Aquaparks in Quesada
- TalkQuesada » Board index
- The team • Delete all board cookies • All times are UTC [ DST ]
- Our other websites:
- Costa Blanca forum
- Costa Calida forum
- Costa del Sol forum
- Costa de Almeria forum
- Costa de la Luz forum
- Costa Dorada forum
- Costa Brava forum
- UK forum
- Jobs in the UK
- Our policies:
- Privacy policy
- User agreement
- Content policy
- Website created and operated by JSM Forum Websites