Estate agent commission
#1
Just Joined
Thread Starter
Joined: Aug 2017
Posts: 24
Estate agent commission
Hi,
Is it usual for the estate agent to charge commission of 2.5% -3% plus vat to the purchaser? I’ve had 2 agents now who have said they charge both the buyer and seller?
Is it usual for the estate agent to charge commission of 2.5% -3% plus vat to the purchaser? I’ve had 2 agents now who have said they charge both the buyer and seller?
#2
Re: Estate agent commission
In my experience, EAs only charge the seller.
May be different elsewhere, where are you?
Perhaps you were being quoted a conveyancing fee?
May be different elsewhere, where are you?
Perhaps you were being quoted a conveyancing fee?
#4
Re: Estate agent commission
It's the same here - agents now charge both parties (Valencia province)
#5
BE Forum Addict
Joined: Aug 2009
Location: Costa Blanca
Posts: 3,142
Re: Estate agent commission
Fairly typical when renting but I think its new for sales.
#6
BE Enthusiast
Joined: Aug 2008
Posts: 506
Re: Estate agent commission
These things are always negotiable, just refuse. We were recently quoted 6% to sell, we eventually agreed 2%. They want your business they will negotiate.
#7
Forum Regular
Joined: Oct 2015
Posts: 207
Re: Estate agent commission
I see the same houses sold by different agents at different prices so presumably they are building their commission into the sale price of the house?
#8
BE Enthusiast
Joined: Apr 2017
Posts: 878
Re: Estate agent commission
When selling make sure the agent advertises at your agreed price.I had this situation once when I saw that a 2nd.agent had upped the price so I withdrew from them.Just imagine if a probable buyer saw the different prices on a website,he may well think it was YOU pulling a fast one.It's your property & you should be calling the shots,the agent gets a fee for introducing clients & completing the deal for what is satisfactory to you.
#9
BE Enthusiast
Joined: Aug 2012
Location: Granada Province
Posts: 549
Re: Estate agent commission
The best vote you can make is with your feet, shop around and negotiate as always!
#10
Forum Regular
Joined: Nov 2015
Location: valencia
Posts: 40
Re: Estate agent commission
Here in Valencia they charge 3% commission when you buy a property, I think that is wrong, but what can you do if all state agents do the same?????
#12
Forum Regular
Joined: Nov 2015
Location: valencia
Posts: 40
Re: Estate agent commission
Yes, but how can you know which houses have the specifications you are looking for?
#13
Re: Estate agent commission
It is a bit like when you run a business, a good accountant will advise you and save you more than his fees. Unfortunately, I have never found a good accountant either.
#14
Forum Regular
Joined: Nov 2015
Location: valencia
Posts: 40
Re: Estate agent commission
Jeje, just the plain truth!!!!!