Costs associated for hiring attorney for residency

by Pete
(USA)

What is the cost of an attorney to process the paperwork for long term residency through purchasing $25,000+ of Ecuadorian real estate?

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Thanks for your question, Pete.

Total costs will depend on the price of the house, just as they do just about anywhere.

The transfer tax is based on the price of the house. The notary's fees will run a few hundred. The lawyer's fees will likely be in the $1,500+ range. Probably not more than $2,000, unless you're buying the EC equivalent of a mansion.

When I closed on my house in Dec. 2008, my total cost was in the $1,500 range in Cotacachi. I'm sure it's gone up since then. And in the big cities, it will be more as well.

I'll also add that the residency visa fees are $350 for the visa and around $800 per person for the lawyer.

Jeff

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