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?

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?

Re: Estate agent commission
 

Hi,
It is in the Costa de la Luz area.
Thanks

Re: Estate agent commission
 

It's the same here - agents now charge both parties (Valencia province)

Re: Estate agent commission
 

Fairly typical when renting but I think its new for sales.

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.

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?

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.

Re: Estate agent commission
 

The best vote you can make is with your feet, shop around and negotiate as always!

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?????

Re: Estate agent commission
 

You don't have to use an EA.

Re: Estate agent commission
 

Yes, but how can you know which houses have the specifications you are looking for?

Re: Estate agent commission
 

A good estate agent might spend time to understand your requirements, then search the market to find the perfect home for you. That would be worth 3% fee. Unfortunately, I have never found a good EA.

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.

Re: Estate agent commission
 

Jeje, just the plain truth!!!!!

Re: Estate agent commission
 

Not all agents in Valencia do this