Estate agents - Page 2

PeterC wrote on Tue Apr 20, 2021 5:39pm:

Anyone that enjoys twisted logic might like this: I took an estate agent to task about the ridiculous rates here, and he replied

"Yes, you are right. I know that in Uk the comms are less but that is because the market is diferent. My boss is English too and when he came to Spain, he was also surprised of how the market was here and the comms that were charged. Most agents here charge 5 to 8 percent of comms and we t...

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...hought that 4% was fair enough for the clients and for the Company. The market in Spain for selling and bying properties goes slower than in UK. the average to sell a property is around 6 to  12 months so the Agents, has to charge that commissions to keep on going. Also, salary in Spain is less than in UK so there are less possibilities to sell a property between spanish people because there are less earnings, this doesnt happen in UK...and well, I can tell you more reasons but I dont want to take more time from you. I guess you have asked more agents about the commissions they charge so I hope you can find one that suits you better, however, if you decide to list with us, we will be more than glad to help you."

So people are poor, so they must charge more, salaries are less so they must charge more...absolute madness!

RichT wrote on Tue Apr 20, 2021 4:27pm:

It's even worse being the purchaser - 8% property tax versus 0.75% Stamp Duty in the UK (pre- or post- the current Stamp Duty holiday), so in your example, €16k in Spain -v- £1.5k in the UK !

Mags44 wrote on Tue Apr 20, 2021 8:19pm:

8% property tax on a resale property but 10% IVA on a new-build! We paid just over 30,000€ in IVA on our new-build house, plus 8,400€ in buying costs and taxes - and I'd still rather be living in Spain!

Bob1 wrote on Tue Apr 20, 2021 11:35am:

Can anyone recommend a reasonably priced estate agent. I saw one advertised that charged 5% on a sale. On a €200,000 house that’s €10,000. Ten grand to sell a house!! That’s outrageous. Any advice? Thank you

Bob1 wrote on Tue Apr 20, 2021 8:27pm:

So it cost you nearly 40 grand on top of your house price. That’s disgraceful really. I had no idea the Spanish tax man was so greedy. Thanks for that info.

Bob1 wrote on Tue Apr 20, 2021 8:27pm:

So it cost you nearly 40 grand on top of your house price. That’s disgraceful really. I had no idea the Spanish tax man was so greedy. Thanks for that info.

PeterC wrote on Tue Apr 20, 2021 5:39pm:

Anyone that enjoys twisted logic might like this: I took an estate agent to task about the ridiculous rates here, and he replied

"Yes, you are right. I know that in Uk the comms are less but that is because the market is diferent. My boss is English too and when he came to Spain, he was also surprised of how the market was here and the comms that were charged. Most agents here charge 5 to 8 percent of comms and we t...

Read more...

...hought that 4% was fair enough for the clients and for the Company. The market in Spain for selling and bying properties goes slower than in UK. the average to sell a property is around 6 to  12 months so the Agents, has to charge that commissions to keep on going. Also, salary in Spain is less than in UK so there are less possibilities to sell a property between spanish people because there are less earnings, this doesnt happen in UK...and well, I can tell you more reasons but I dont want to take more time from you. I guess you have asked more agents about the commissions they charge so I hope you can find one that suits you better, however, if you decide to list with us, we will be more than glad to help you."

So people are poor, so they must charge more, salaries are less so they must charge more...absolute madness!

Mags44 wrote on Tue Apr 20, 2021 8:19pm:

8% property tax on a resale property but 10% IVA on a new-build! We paid just over 30,000€ in IVA on our new-build house, plus 8,400€ in buying costs and taxes - and I'd still rather be living in Spain!

gloria007 wrote on Wed Apr 21, 2021 10:08am:

Rob1

I notice your in Totana....it might be different rates there but most estate agents on Camposol at least charge 2.5%...as already stated ....Another World Properties and Luz Del Sol I do know are charging that amount.  Good luck with your quest. X