Re: commissions


Hi timstone

Regarding agents commissions, it is not unusual for some agents especially the large ones to have charged 7-15% on re-sales which the buyer pays as the commission is added to the agreed price. But beware of prices on off-plan new builds, certain agents have in the past (probably still do) can receive up to 30% commission from the Developers, or have been known to buy up blocks of apartments/townhouses and immediately mark them up by 30%, therefore clearly overpricing them. You’d be a long time waiting just to get your money back if needed, and as you say the market is generally overpriced by a similar figure.

Don’t trust some of these agents, they tell you what you want to hear and not always the truth, and, make offers or buy privately perhaps!