Estate Agents Fees to Vendors – Nerja Area

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    • #193993
      LesleyWalsh
      Participant

      I am very unhappy with the ridiculous fees charged by Estate Agents – 4/5% – I don’t understand why its so high here (they don’t have higher costs) in other countries UK & Australia it is only 1-2%.

      The question I have is regarding how and when these fees are paid. Agents here want variable amounts on signing the private contract, 100%, 75% 50%.  The balance paid on final contract at Notary.  They say they will refund various amounts if final sale is then not agreed, and some say that once you have paid for the first sale attempt no further fees are charged for the next sale agreement. So you are expected to then trust them to do their job – even though they have already received (as least a large part) of their commission!!!!

      Could I have some feedback on this (in my opinion) unethical practice.

      thanks Lesley

       

       

       

       

       

    • #193995
      pizzacheaze
      Participant

      The Estate Agent took their cheque for the full amount on the day my house was signed at the notary.

      I had to have my bank draft 4 cheques, one to the husband, one to the wife, one to the previous bank (to pay off the mortgage) and one to the estate agent.

      My reservation deposit and 10% deposit went straight to the husband, so his cheque was a lot less 🙂

      Cheers

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