Property Sale in Latvia

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How clients rate our Property Sale Service...

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Very professional and helpful
Christopher Hobbs
Christopher Hobbs
06 Feb 2024

Service Details

Property Sale

This service is available across Latvia

Who Is This Service For?

  • This service is tailored for individuals, residents and non-residents of Latvia alike, who are navigating the complexities of selling property in Latvia. 
  • Sellers often grapple with various challenges, such as understanding the legalities of property transactions, managing property taxes in Latvia, and dealing with estate agents. 
  • Non-residents, especially those not fluent in the local language, may find the process daunting due to language barriers and unfamiliarity with local laws. 
  • Our legal service provides comprehensive assistance, ensuring that sellers are compliant with all legal obligations, optimizing tax liabilities, and facilitating smooth transactions. 
  • We manage the intricacies of property laws and regulations in Latvia, ensuring that you can sell your property without unforeseen legal hindrances, and potentially, enhance your financial returns.
Who Is This Service For?

Requirements

  • There are no specific eligibility requirements to utilize our property selling assistance in Latvia. However, clients typically are non-residents or individuals not proficient in local legal terminologies and procedures. 
  • It is useful for sellers to be conscious of property sales tax obligations, both in Latvia and their home country, and to ensure all property-related taxes and utility bills are up-to-date. 
  • Sellers should also be prepared to engage in due diligence checks and adhere to the legalities of property transactions in Latvia, which our service will comprehensively guide you through.
Requirements

Procedure

  1. The procedure begins with a comprehensive property assessment which includes any legal issues a buyer may question 
  2. Following this, we assist in preparing and presenting the property for sale, which may involve liaising with estate agents or utilizing online platforms. 
  3. Once a buyer is secured and their initial due diligence is complete, we facilitate the signing the initial property sale deposit contract and manage the subsequent legal processes. 
  4. This includes ensuring all taxes are appropriately managed, such as the Plusvalía tax and any Latvia-related capital gains tax
  5. We guide you through the closing process, ensuring all necessary documents are accurately prepared, and all relevant parties are present or represented at the notary.
Procedure

Benefits

  • Engaging our experienced, English-speaking lawyers ensures that you navigate through the Latvia property sales process with ease and confidence. 
  • We provide clear, comprehensible advice, ensuring you understand every step of the process and any implications therein. Our expertise allows us to optimize your financial returns from the property sale in Latvia by ensuring tax efficiencies and avoiding potential pitfalls or delays in the process. 
  • We manage all interactions with local authorities, estate agents, and buyers, providing a seamless, stress-free experience, ensuring that all legal and procedural aspects are meticulously handled.
Benefits

What Does This Service Consist Of?

  • Initial Consultation: Understand client needs, property details, and establish a tailored strategy for sale.
  • Legal Review: Ensure the property and its legal documents are ready for sale.
  • Property Marketing Assistance: Guidance on advertising the property, liaise with estate agents, ensuring the client understands all associated fees and contracts.
  • Property Sale Contract Management: Prepare and manage the deposit contract, ensuring protection for the seller.
  • Property Sale Tax Management: Calculate and optimize all applicable taxes, ensuring compliance with national and international tax obligations.
  • Property Sale Closing Process: Manage the closing process, including preparation of deeds, managing the notary appointment, and ensuring all parties fulfil their obligations.
  • Post-Sale: Ensure all post-sale obligations are met, including tax filings, and assist in any further related legal matters.
  • Our service ensures that your property sale in Latvia is conducted with utmost legal precision, safeguarding your interests and ensuring a smooth, efficient transaction.
What Does This Service Consist Of?

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.

Why choose Advocate Abroad?