Marbella has become a top destination where people from all over the world are now buying, selling, renting, and renting out properties. Most people early on seek the assistance of real estate agents to find interesting apartments, townhouses, and villas for sale in Marbella, but what many still don't realize is that there's an equally crucial player to involve as early as possible in upcoming real estate transactions; The Lawyer.
In this article, we'll go through the role of the lawyer in property transactions in Marbella!
In a property transaction in Marbella, both buyers and sellers should always hire their own lawyer. The property deal is then negotiated between the lawyers regarding for example earnest money, contracts, and other legalities.
It's essential to know that in Marbella, real estate agents do not handle the legal paperwork and do not have the same legal responsibilities as we are accustomed to in real estate transactions in a lot of other countries.
For a real estate transaction in Marbella, it's crucial to hire a trusted lawyer with expertise and experience in real estate law in Spain (an area that can tend to be quite complex).
The lawyer will work with you from start to finish, helping you with legal guidance regarding the real estate transaction, taxes, financing, contracts, property inspection, land registry, all necessary documents and registrations, ownership conditions, and other legal aspects related to the property, estate, and the land.
It's not easy to get an overview and compare lawyers and different law firms operating in Marbella. Many people spend a lot of time searching for information online and in various forums, yet it's often challenging to know how to compare different options.
It's also good to note that it's strongly recommended to hire an independent lawyer on your own, i.e., not to hire a lawyer recommended by the real estate agency or with the agency itself.
A great tip is to easily find and be matched with reliable and recommended lawyers in Marbella directly on heimo - a new community-based platform for everything related to housing in Marbella and the Costa del Sol.
Fees and other costs when you seek help from a lawyer in Marbella vary depending on the arrangement offered and how much assistance you need.
It's always possible to negotiate the fee, but typically, the lawyer takes 1% of the total purchase price (+21% VAT) once the real estate transaction is completed and assists you throughout the process.
Some lawyers also offer an initial consultation for advice, and most offer this for free, but there are also lawyers who charge for the first meeting. Therefore, it's essential to clarify beforehand whether the initial consultation is free or not.
Apart from buying and selling properties in Marbella, there are many other areas where a knowledgeable lawyer can be of great assistance, such as your tax return, dealings with authorities, writing a will, tax matters, property rental, renovations, or reconstruction.
It's common that if you're satisfied, you continue to hire the same lawyer for future assignments. If you already know that you will need more help in the future, it may be a good idea to negotiate the fee for the property transaction with that in mind. If it's likely that you will be a repeat customer, you may be able to get some discount on the fee.
If you're satisfied with your choice of lawyer, you can easily recommend the lawyer on heimo after the assignment, thus helping others find a reliable and recommended lawyer in Marbella.
Are you looking for help to find and hire a recommended lawyer in Marbella? Then create your free account on heimo, where you can safely find and get matched with recommended lawyers in Marbella, and the rest of the Costa del Sol- free of charge.
Do you have questions about your property transaction or choosing a recommended lawyer in Marbella? Then send us an email at [email protected] ✉️
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