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Hi everyone
I am in the process of buying a house in playa flamenca but I have noticed the property I am buying is on different estate agents at different prices I have also seen it on place in the sun lower than what I have offered is there anything I can do about this?
Thankyou
Posted: Sat May 8, 2021 8:06pm
YES just withdraw your offer and see what comes of it or RENEGOTIATE the price with them ?????
Posted: Sat May 8, 2021 8:33pm
Legendary helpful member
As long as you have signed anything yet agreeing a price then you can change the offer to the lowest price advertised. Even if you have you may still be able to renegotiate but trickier as you have already committed. However the vendor probably doesn't want to lose the sale.
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Posted: Sat May 8, 2021 8:50pm
Davebev1 wrote on Sat May 8, 2021 8:33pm:
As long as you have signed anything yet agreeing a price then you can change the offer to the lowest price advertised. Even if you have you may still be able to renegotiate but trickier as you have already committed. However the vendor probably doesn't want to lose the sale.
Thankyou for that information the only thing I have done is paid to hold the property the reservation fee. I have told the estate agents and sent them pics of the other prices they said they get back to me on Monday. I just wanted to know if I could negotiate a lower price. Does the agents make a commission of me the buyer or seller.
Thankyou
Posted: Sat May 8, 2021 11:32pm
Legendary helpful member
Kaz45 wrote on Sat May 8, 2021 8:50pm:
Thankyou for that information the only thing I have done is paid to hold the property the reservation fee. I have told the estate agents and sent them pics of the other prices they said they get back to me on Monday. I just wanted to know if I could negotiate a lower price. Does the agents make a...
Read more...
... commission of me the buyer or seller.
Thankyou
The estates agents will be paid their fee on competition of the sale, it is paid out of the proceeds, along with legal fees, before the balance is paid out to the vendor.
I hope you paid the reservation deposit to your own independent solicitor rather than to the estate agent.
Posted: Sun May 9, 2021 1:55am
Very helpful member
Kaz45 wrote on Sat May 8, 2021 8:50pm:
Thankyou for that information the only thing I have done is paid to hold the property the reservation fee. I have told the estate agents and sent them pics of the other prices they said they get back to me on Monday. I just wanted to know if I could negotiate a lower price. Does the agents make a...
Read more...
... commission of me the buyer or seller.
Thankyou
Paid reservation fee to Estate Agent and you sent picture of your intend purchase property at lower prices, not advised by all the information freely available on this Forum,
Spend time researching this Forum for Freindly honest free advice, Well that has been my experience ,
Spain has a lovely coastline but The Sharks are on land, be careful
Good luck with your intend purchase
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