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Estate agent commission

Estate agent commission

Old Feb 21st 2018, 4:29 pm
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Default 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?
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Old Feb 21st 2018, 4:39 pm
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Default 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?
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Old Feb 21st 2018, 4:41 pm
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Default Re: Estate agent commission

Originally Posted by missile View Post
In my experience, EAs only charge the seller.

May be different elsewhere, where are you?

Perhaps you were being quoted a conveyancing fee?

Hi,
It is in the Costa de la Luz area.
Thanks
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Old Feb 22nd 2018, 5:58 am
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Default Re: Estate agent commission

It's the same here - agents now charge both parties (Valencia province)
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Old Feb 22nd 2018, 9:00 am
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Default Re: Estate agent commission

Fairly typical when renting but I think its new for sales.
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Old Feb 22nd 2018, 9:23 am
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Default 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.
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Old Mar 2nd 2018, 6:13 pm
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Default Re: Estate agent commission

Originally Posted by lyric030250 View Post
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.
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?
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Old Mar 3rd 2018, 3:49 pm
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Default 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.
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Old Mar 7th 2018, 3:08 pm
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Default Re: Estate agent commission

The best vote you can make is with your feet, shop around and negotiate as always!
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Old Mar 8th 2018, 12:06 pm
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Default 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?????
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Old Mar 8th 2018, 12:40 pm
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Default Re: Estate agent commission

Originally Posted by tortis View Post
.... but what can you do if all state agents do the same?????
You don't have to use an EA.
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Old Mar 8th 2018, 12:45 pm
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Default Re: Estate agent commission

Yes, but how can you know which houses have the specifications you are looking for?
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Old Mar 8th 2018, 2:03 pm
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Default Re: Estate agent commission

Originally Posted by tortis View Post
Yes, but how can you know which houses have the specifications you are looking for?
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.
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Old Mar 8th 2018, 2:05 pm
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Default Re: Estate agent commission

Jeje, just the plain truth!!!!!
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Old Mar 8th 2018, 5:54 pm
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Default Re: Estate agent commission

Originally Posted by tortis View Post
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?????
Not all agents in Valencia do this
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