Go Back  British Expats > Living & Moving Abroad > Europe > Spain
Reload this Page >

Another way to bleed you dry

Wikiposts

Another way to bleed you dry

Thread Tools
 
Old Apr 14th 2014 | 5:04 am
  #1  
Thread Starter
BE Enthusiast
 
Joined: Jun 2013
Posts: 990
Neptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond repute
Default Another way to bleed you dry

Apparently it is becoming more common in the UK to charge both buyer and seller in a house sale. The seller pays a very small amount, say £150, and the buyer 2.5 PC. A double whammy for those who sell in Spain and move back to the Uk -huge commissions in both countries. In Spain, however both buyer and seller pay huge commission, even more greedy!
Is there no end to this greed ?
I hope people refuse to use estate agents who use these practices, laughingly called" introductory fees;" they have had years managing well enough without them!
 
Old Apr 14th 2014 | 6:22 am
  #2  
Banned
 
Joined: Dec 2006
Posts: 8,824
From: Living in a good place
jackytoo has a reputation beyond reputejackytoo has a reputation beyond reputejackytoo has a reputation beyond reputejackytoo has a reputation beyond reputejackytoo has a reputation beyond reputejackytoo has a reputation beyond reputejackytoo has a reputation beyond reputejackytoo has a reputation beyond reputejackytoo has a reputation beyond reputejackytoo has a reputation beyond reputejackytoo has a reputation beyond repute
Default Re: Another way to bleed you dry

Never heard of it in the UK. Do you have a link?
We were happy selling in the UK at 1.5% commission.
 
Old Apr 14th 2014 | 6:32 am
  #3  
Thread Starter
BE Enthusiast
 
Joined: Jun 2013
Posts: 990
Neptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond repute
Default Re: Another way to bleed you dry

Originally Posted by jackytoo
Never heard of it in the UK. Do you have a link?
We were happy selling in the UK at 1.5% commission.
I'd be happy at 1.5 commission!
I saw it on yahoo news
 
Old Apr 15th 2014 | 7:32 pm
  #4  
Mitzyboy's Avatar
Senior Moment
 
Joined: Jan 2006
Posts: 20,459
From: On the edge
Mitzyboy has a reputation beyond reputeMitzyboy has a reputation beyond reputeMitzyboy has a reputation beyond reputeMitzyboy has a reputation beyond reputeMitzyboy has a reputation beyond reputeMitzyboy has a reputation beyond reputeMitzyboy has a reputation beyond reputeMitzyboy has a reputation beyond reputeMitzyboy has a reputation beyond reputeMitzyboy has a reputation beyond reputeMitzyboy has a reputation beyond repute
Default Re: Another way to bleed you dry

I've just sold in the UK and got a fixed rate deal. I've never heard of anyone charging a buyer here, and would not use an agent who does so. I would not buy through an agent who wanted to charge me either, I would just go straight to the sellers house and deal with them direct

In Spain there is absolutely no regulation whatsoever, and the agents there can charge who they want and what they want. they sell houses for more than the seller wants to sell them for, and pocket the difference. They are untrustworthy frankly, in my experience
 
Old Apr 15th 2014 | 8:10 pm
  #5  
snikpoh's Avatar
Retired and loving it!
 
Joined: Sep 2007
Posts: 5,211
From: Ontinyent - Valencia region (campo)
snikpoh has a reputation beyond reputesnikpoh has a reputation beyond reputesnikpoh has a reputation beyond reputesnikpoh has a reputation beyond reputesnikpoh has a reputation beyond reputesnikpoh has a reputation beyond reputesnikpoh has a reputation beyond reputesnikpoh has a reputation beyond reputesnikpoh has a reputation beyond reputesnikpoh has a reputation beyond reputesnikpoh has a reputation beyond repute
Default Re: Another way to bleed you dry

Isn't it just a question of how the charges are 'put across' - either way the buyer pays!

Provided you know what the deal is, then you offer accordingly - where's the problem?


It's just pure psychology.
 
Old Apr 15th 2014 | 10:45 pm
  #6  
 
Joined: Jun 2011
Posts: 12,053
From: In the middle of 10million Olive Trees
Domino has a reputation beyond reputeDomino has a reputation beyond reputeDomino has a reputation beyond reputeDomino has a reputation beyond reputeDomino has a reputation beyond reputeDomino has a reputation beyond reputeDomino has a reputation beyond reputeDomino has a reputation beyond reputeDomino has a reputation beyond reputeDomino has a reputation beyond reputeDomino has a reputation beyond repute
Default Re: Another way to bleed you dry

Those who are renting out their UK "bolt-hole" whilst living in Spain also have letting agents who insist on raising a new set of charges to set up consecutive year tenancy even though the tenant hasn't changed or moved out.
 
Old Apr 15th 2014 | 11:22 pm
  #7  
mikelincs's Avatar
Concierge
 
Joined: May 2006
Posts: 29,824
From: ex ex-pat, in Taunton
mikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond repute
Default Re: Another way to bleed you dry

Just found this from the Guardian, Feb 2014, but this was the only articel that mentioned it on a Google search, suspect it may be a bit of scaremongering.

http://www.theguardian.com/money/201...-double-charge
 
Old Apr 16th 2014 | 1:00 am
  #8  
Thread Starter
BE Enthusiast
 
Joined: Jun 2013
Posts: 990
Neptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond reputeNeptuno has a reputation beyond repute
Default Re: Another way to bleed you dry

Originally Posted by mikelincs
Just found this from the Guardian, Feb 2014, but this was the only articel that mentioned it on a Google search, suspect it may be a bit of scaremongering.

http://www.theguardian.com/money/201...-double-charge
See yahoo finance-estate agents charging sellers and buyers. It names an estate agent who charges buyers.
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Your Privacy Choices

Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.