Legal Fees and Scope Of Services
Comprehensive Services with Nova Vista Holdings
At Nova Vista Holdings, we believe that trust and transparency are the cornerstones of a successful property acquisition in Spain. From the very outset of your journey with us, we ensure complete clarity regarding the legal fees and the scope of services you can expect from our trusted legal partners. We firmly believe in open communication and are committed to providing you with a clear understanding of all costs involved, eliminating any unwelcome surprises or hidden charges along the way.
No Hidden Costs, No Excuses
Unlike some others, Nova Vista Holdings is dedicated to a transparent fee structure. We understand that purchasing property abroad is a significant investment, and you deserve to know exactly what you are paying for. We work diligently with our partner law firms to ensure their fee structure is straightforward and communicated to you upfront. You can rest assured that there will be no unexpected extra amounts or last-minute excuses for additional charges. Our commitment is to provide you with a clear and predictable cost for the essential legal support you need.
Law Firm's Real Estate Services and Fees in Marbella
We are pleased to present the transparent fee structure and comprehensive scope of services offered by our trusted partner law firm specializing in real estate law in the Marbella region:
Scope of Services:
Power of Attorney & NIF
Drafting and execution of a Power of Attorney to facilitate the property purchase, bank account opening, NIE application, and mortgage process (if applicable).
Bank Account Opening Assistance
Providing guidance and support in opening a Spanish bank account, should this be required for your transaction.
Comprehensive Due Diligence
Conducting thorough legal investigations and checks on the property, including: ○ Verification of urban planning charges and zoning regulations. ○ Obtaining and analyzing the Land Registry extract (Nota Simple). ○ Assessment of any potential litigation risks associated with the property.
Contracts & Agreements
Drafting and negotiation of all necessary contractual documents, including: ○ Reservation Agreements. ○ Contrato de Arras (private purchase contract). ○ The final Purchase Deed (Escritura Pública de Compraventa).
Closing Support
Providing complete support during the closing process at the Notary Public, including: ○ Coordination with the Notary. ○ Ensuring the correct execution of the title deed. ○ Managing post-closing registration of the property in your name at the Land Registry. ○ Facilitating the payment of relevant taxes and ensuring all follow-up procedures are completed.
After-Sales Services
Offering assistance with essential post-purchase tasks, such as: ○ Transferring utility contracts to your name. ○ Communicating changes of ownership to relevant authorities. ○ Providing guidance on other related administrative matters.
Fees
The legal fees for these comprehensive real estate services are structured transparently based on the property’s purchase price:
- 3% of the purchase price if the property value is under €350,000 (with a minimum fee of €3,500 + VAT).
- 2% of the purchase price if the property value is under €500,000.
- 1% of the purchase price if the property value is under €1,000,000.
- 0% of the purchase price for properties valued over €1,000,000.
Important Note: To ensure cost predictability, our partner law firm has a fee cap of €18,000 per transaction, regardless of the property’s purchase price. Please be aware that external costs, such as Notary fees, courier charges, translation services (if required), and other third-party expenses, are not included in the percentages outlined above. These will be clearly itemized and communicated to you separately.
Let Nova Vista Holdings Help You
At Nova Vista Holdings, our commitment to transparency extends to every aspect of your property buying experience in Spain. By providing you with clear and upfront information about legal fees and the comprehensive scope of services offered by our trusted partners, we aim to build a relationship based on trust and ensure a smooth and worry-free transaction.