Estate agent fees

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06 Dec 2017 6:40 PM by inspectahomespain Star rating in Orihuela Costa, Spai.... 2417 posts Send private message

Vip Supporter

No when selling a property ALL agents fees are typically paid by the seller, normally on invoice, at the time of completion

Again it can vary by agent, either a percentage of the agreed selling price or a fixed amount, both plus IVA/VAT

On the valuations the actual value for tax or rates use has no resemblence to the real value of the property, the best valuations are based on the real local activity and hostory on what has sold recently which is why I keep on about dealing with an agent local to the property and of course asking for valuations from at least 3 agents

If the seller is using multiple agents then for us when showing properties it can be a nightmare, we share a property from what should be the main listing agent, sell at the same price as listed, then via the web there's the same property via another agent for a lower price

An MLS is a Multiple Listing Service, a company  will charge for a monthy fee for a service that gives agents a large number of properties on a single web feed

 



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06 Dec 2017 7:04 PM by Roberto Star rating in Torremolinos. 4551 posts Send private message

Roberto´s avatar

And again, I never said that the buyer will physically, directly, pay any agent fees. But they are, nevertheless, included in the price he pays. In fact, it would be beneficial to the buyer to pay them seperately, since then he wouldn't be paying transmission tax on them as well.  Also, not too sure what you mean by "the actual value for tax or rates use has no resemblence to the real value of the property", since the transmission tax paid by the buyer is still usually based on the actual sale price - which is surely the same as the "real value"?

Another question for you (or anyone who cares to answer): is it not equally important for both sellers and buyers to select local estate agents who only work in, and know intimately the local market? And what is the difference (especially when it comes to sharing commissions) between a recognised MLS platform, and a property finder service that offers to locate properties for sale in a wide geographical area, "through collaboration agreements with other agents and developers"? 

wink



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