Not so cheap Spanish Property !

This topic contains 2 replies, has 3 voices, and was last updated by  Anonymous 14 years, 1 month ago.

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  • #51121


    Looking to purchase a resale property ( because of all the problems with off plan ) in the Murcia region 05/06 , and a collegue in the Costa Blanca gave me a breakdown of typical estate agents fees.
    He has bought and sold two properties with a leading estate agent
    ( cuspide) and their fees were 15% to the seller + 7% to the buyer .On a typical €200,000 property the fees would be :-

    Buyer receives €164,000

    15% sale commission €24,600
    7% buyer commission €11,480
    Agents Total €36,000

    10% buying costs €20,000

    TOTAL = €56,000 😯

    note:- seller pays IVA & plusvalia

  • #58317


    You could actually set yourself up as an estate agent in Spain for about €5000, then arrange to collaborate with the selling agent with yourself as client and split the commission 50/50 with him.

    Or just get your colleague in the Costa Blanca to do it. A plan so cunning, you could put a tail on it and call it a fox.

    Alternatively, just ask the agent to put in writing the commission he will make before you hand over a cent. If it looks outrageous, either negotiate him down to a sensible level (certainly no more than 5%) or find another agent who wants to play.

  • #58347


    The area is refered to by agents as” The land of milk and honey”
    (which translates to 15%+ commission to you and me)

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