Am I being overcharged on my house purchase fees.
Hi I am in the process of purchasing a property in Queseda from a bank,(repossesion). The property price agreed was €255.000, I was originally told the tax would be 10% of the purchase price + notary and legal costs etc. The quotes I had were the notary €600, legal charges €1200 +. The total costs approx €282/€283k.
I received this this morning.
""The price of the property is 255.000 euros.On the one hand you already paid 1500 euros reservation fee.So you would need to transfer:1. 253500 euros cost of the property.
2. the tax: 30.884,66€ (the amount is calculated based on reference value as it is higher and amounts to 308.846,66€, of that amount you have to pay 10%).
3. Registry, Notary, second occupancy licence, electricity, water etc., will be approximately 4500 euros.""
I feel I am being massively overcharged. I would be grateful for any advice. Thanks in advance.