When buying real estate in Bali, it is crucial to work with reliable professionals such as a local real estate agent, lawyer, and notary. These experts ensure that your transaction runs smoothly and that you meet all legal requirements. But how do you find the right professionals in Bali who can represent your interests effectively? Below, we provide tips and information about the costs you can expect for their services.
Finding a Reliable Real Estate Agent, Lawyer, and NotaryFinding a Local Real Estate Agent
A local real estate agent is your first point of contact when searching for property in Bali. They have a deep understanding of the local market and can help you find the right properties. To find a reliable agent, you can:
Real Estate Agent Fees: Real estate agents in Bali typically charge a commission of 5% of the sale price. This may vary depending on the agent and the specific services they offer.
Finding a Lawyer or Legal Advisor
Hiring a local lawyer is important to ensure that all paperwork is handled correctly and that you comply with Indonesian laws. Lawyers can also assist with setting up a company, such as a PMA (Penanaman Modal Asing), if you want to own real estate through a freehold structure. To find a reliable lawyer:
Lawyer Fees: The costs for a local lawyer in Bali are typically around €2000 per purchase. This often includes setting up a company and applying for a KITAS (work and residency permit).
Finding a Notary for Real Estate Transactions
In Indonesia, a notary is essential to complete the property transfer and ensure the transaction is legally recorded. A notary verifies the documents and ensures that the property is properly registered with the Land Registry. To find a reliable notary:
Notary Fees: Notary fees in Bali range from 0.5% to 1% of the total transaction value.
ConclusionFinding a reliable real estate agent, lawyer, and notary in Bali is a crucial step in the property purchase process. By working with local professionals who have experience with foreign investors, you can avoid many legal and administrative complications. Be sure to compare the costs and services of different parties so that you can make the best choice for your specific situation.