Commissions - The Truth!

Consider this:-

Leaflets, adverts, TV campaigns, glossy brochures and other marketing methods cost companies  €1'000's and some millions!

This money has to come from somewhere. The old adage of "you don't get something for nothing..." is usually true and it certainly is in this case.

In comparison to commissions one would expect your typical UK based estate agent to earn on the sale of a property in the UK, companies like Atlas, Masa, Ambersun, Parador Properties and many other agents, including the small local Spanish Agents, earn large amounts of money in the form of commissions when they sell a property.

While working with a local estate agent I personally witnessed a commission of 25%! YES 25% Although I must point out that this is not a normal situation. Mostly one would find commissions being earned by estate agents to be between 5% and 18% depending on the type of property in question.

New properties see agents earning commissions direct from the builder whereas resale properties typically have an owner price and the agent will add the commission to that price. Of course the commission will depend on the value of the property and the properties marketability. With a little work and determination one can normally find the same property advertised in several agents windows and on the internet with a huge variance in price.

Rural properties seem to have a law unto themselves. One might find that little rural property that has been passed down over generations without thought as to how much it might be worth. The latest inheritor wants to sell and speaks to Pepe in the local bar. Pepe thinks he might earn some money as he know someone who knows someone else that knows an estate agent selling this type of property to "those rich foreigners". Each party adds his little cut then the agent adds their commission. before you know it that little farmhouse that has an original owner price of €30'000 is up for sale for €100'000. This situation came to our attention during a sale we were attending to last year. We only found out when we routinely started to check the particulars of the sale. Who owns the house? Is he able to sell with all papers in order? Is the house and land what is described on the deeds etc. It was at this point we talked directly to the owner and discovered the long sales chain.

How do we know this; simple we have worked in the industry, sold property here and bought property here and have experienced this 1st hand.

Property for Sale in Spain

 

 

 

 

So how does this effect you....and can you benefit...

 

Property On The Costas offer a simple solution to your needs...employ us as your representative and not only will we provide you with all the professional help and advice you will ever need but we will also ensure that you get back more than we charge for our services. Obviously if your buying a property direct from us this wont apply as we only charge our sellers 1.5% commission on the sale price. This is a similar amount you might pay if you sold your house through an estate agent in the UK.

 

We only charge 1.5% commission to sell your Spanish House and the low commission does not reflect on a reduction in the service which we provide. In fact our service is second to none. Many people have commented on how helpful and easy we have made the process. All our clients are 100% satisfied and remain that way. Even after the sale has completed we retain contact should you need that little helping hand to locate that favourite product or buy a car or whatever.

  • We do not charge huge commissions to the sellers and all sellers are welcome to freely advertise their properties on this website. In fact we encourage advertisers to place properties on our site. This means that unlike anywhere in the world you know the price you pay will be the price the owner wants for the property.

  • No extortionate increases in prices

  • No hidden charges and commissions from other sources

  • No Administration fees other than those you would expect to pay for your legal fees for example.

  • Straight forward and simple.

  • All purchases will benefit from our unique Deposit Security. No more loosing your 10% or whatever you are conned in leaving for a security deposit. Any monies placed as a deposit go into a holding bank and NOT touched by anyone until the sale goes ahead. If something does not work out right then your money is refunded in full. No quibbles!

Remember we are not driven by large commissions that builders offer on new properties, so we will offer properties that suite your needs and requirements.

 

How can you trust us? You are more then welcome to contact our clients and ask them exactly what they think of our service.

 

 

If your purchasing a property in Spain then you need to talk to us. Property On The Costas offer a service which can help you get your property in the sun.

 

 
 

Property For Sale In Spain From Property On The Costas - Guide to The Costa Blanca - Guide to Buying Property On The Costa Blanca - Legal Matters Relating to Property In Spain - Selling Your Property In Spain Guide - Why Property On The Costas - Commissions Charged To Sell Your Spanish Property - Contact Property On The Costas Staff - Free Telephone Calls and Cheap Rates to the UK Free Local Rate 0844 Numbers - Properties For Sale In Spain - Property On The Costas Site Map - All Our Property for Sale - Links Page - Links Database - www.PropertyOnTheCostas.com - www.livingonthecostas.com