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Reviews Please. Has anyone used 5 Real Estate to sell their property ?

Posted: Mon Mar 15, 2021 9:01pm
7 replies1622 views10 members subscribed
Lee 03189

Lee 03189

Helpful member

Posts: 244

110 helpful points

Location: Playa Flamenca

Joined: 26 Feb 2019

Hi ALL,  Has anyone used 5 Real Estate to sell their property, they offer a fixed Sale Fee of €999 + €999 for their Lawyers + IVA Looking for reviews PLEASE. 

Reviews Please Estate Agency Fixed Fee €999 + iva But must use their Solicitors @ €999 or it's €1,998 if you use your own Lawyers 

They have an office in Los Dolses Commercial Centre Villamartín and have other offices in Spain. Thanks in Advance.


Tessa2018

Posted: Tue Mar 16, 2021 8:26am

Posts: 115

45 helpful points

Location: Playa Flamenca

Joined: 23 Apr 2018

Posted: Tue Mar 16, 2021 8:26am

Lee 03189 wrote on Mon Mar 15, 2021 9:01pm:

Hi ALL,  Has anyone used 5 Real Estate to sell their property, they offer a fixed Sale Fee of €999 + €999 for their Lawyers + IVA Looking for reviews PLEASE. 

Reviews Please Estate Agency Fixed Fee €999 + iva But must use their Solicitors @ €999 or it's €1,998 if you use your own Lawyers ...

...

They have an office in Los Dolses Commercial Centre Villamartín and have other offices in Spain. Thanks in Advance.


It’s the solicitor who is the most important person to check out. All an estate agent does is market the property and if you can sell it for that price then great! A good solicitor will ensure the transaction goes smoothly.

oggmonster1

Posted: Mon Jun 14, 2021 1:34pm

Posts: 2

Location: Orihuela Costa

Joined: 14 Jun 2021

Posted: Mon Jun 14, 2021 1:34pm

this is all lies, they charge more than 995, they pay the sales staff 1,000 commission just for selling the property plus 30 euros for listing, so if they only charge 995 for selling, how can they afford to pay the staff 1030 euros commission?

I worked there for 2 weeks until i found out how they worked and then left, basically they stack up charges and make you use their in house conveyancing team, so they can hide the charges.

eddies

Posted: Mon Jun 14, 2021 3:50pm

Posts: 45

6 helpful points

Joined: 25 Oct 2017

Posted: Mon Jun 14, 2021 3:50pm

oggmonster1 wrote on Mon Jun 14, 2021 1:34pm:

this is all lies, they charge more than 995, they pay the sales staff 1,000 commission just for selling the property plus 30 euros for listing, so if they only charge 995 for selling, how can they afford to pay the staff 1030 euros commission?

I worked there for 2 weeks until i found out how they worked and then left, basically they stack up charges and make you use their in house conveyancing team, so they can hide the charges....

...

Hi oggmonstor1, can you elaborate as to the why you think it's lies? I currently have our property on the market with 5re and contract is €999 to sell or €1998 if we use our own solicitor. This is €3000-€4000 below the cheapest other agents we had to quote us(4 in total). What difference does it make to the seller how much they pay their agents. And if they are paying their agents €1030 per property sold why would you leave? Looking for advice. 

Many thanks. 

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Tracymrsg

Posted: Mon Jun 14, 2021 3:50pm

Posts: 9

6 helpful points

Joined: 31 Jul 2019

Posted: Mon Jun 14, 2021 3:50pm

Hi, We have used 5 Real Estate to sell our apartment and up to now have had a good service.  We have used our own solicitor and were not forced into using theirs.  The cost is 1999 euros to use our own solicitors. We put ours on the market in October and have now had an offer and a deposit has been paid.   All going through now but will take a bit longer because of the military clearance which is needed now and estimated 4 months wait time.

So up to now we have had a good service and very pleased with them.

oggmonster1

Posted: Tue Jun 15, 2021 9:13am

Posts: 2

Location: Orihuela Costa

Joined: 14 Jun 2021

Posted: Tue Jun 15, 2021 9:13am

eddies wrote on Mon Jun 14, 2021 3:50pm:

Hi oggmonstor1, can you elaborate as to the why you think it's lies? I currently have our property on the market with 5re and contract is €999 to sell or €1998 if we use our own solicitor. This is €3000-€4000 below the cheapest other agents we had to quote us(4 in total). What difference ...

...does it make to the seller how much they pay their agents. And if they are paying their agents €1030 per property sold why would you leave? Looking for advice. 

Many thanks. 

so if you only pay 995 for the service, yet they are paying us 1030 in commission, think about it, how are they making a profit?

when an agent has their OWN in house legal team, it makes it easier for the agent to hide fees, the truth will come out soon!!!

Gary la canada

Posted: Mon Aug 8, 2022 7:14pm

Posts: 1

1 helpful points

Location: Playa Flamenca

Joined: 8 Aug 2022

Posted: Mon Aug 8, 2022 7:14pm

Lee 03189 wrote on Mon Mar 15, 2021 9:01pm:

Hi ALL,  Has anyone used 5 Real Estate to sell their property, they offer a fixed Sale Fee of €999 + €999 for their Lawyers + IVA Looking for reviews PLEASE. 

Reviews Please Estate Agency Fixed Fee €999 + iva But must use their Solicitors @ €999 or it's €1,998 if you use your own Lawyers ...

...

They have an office in Los Dolses Commercial Centre Villamartín and have other offices in Spain. Thanks in Advance.


Hi ,

I strongly recommend against using 5 star ,they are an absolute joke should be 1 star.i employed them to sell my house,this was a nightmare from start to finish. They showed potential buyers around my property, only to leave windows open on one occasion, solarium lights left on on another resulting in a 160 euro bill,but the worst of it was on my last visit they urinated in loo dididnt flush it the stench when I opted door was horrendous. 

It gets better they force you in yo using there solicitors at a 1000euros because if you don't you have to pay an additional 1000 euros anyway if you choose to go elsewhere. 

Thankfully my sale went through  4 wks ago but I am still paying  community fees because the incompetent layer they employed didn't cancel the direct debits as she should have done !!

Avoid disappointment look elsewhere 

StevenP

Posted: Wed Apr 5, 2023 7:26am

Posts: 1

Location: Playa Flamenca

Joined: 5 Apr 2023

Posted: Wed Apr 5, 2023 7:26am

Gary la canada wrote on Mon Aug 8, 2022 7:14pm:

Hi ,

I strongly recommend against using 5 star ,they are an absolute joke should be 1 star.i employed them to sell my house,this was a nightmare from start to finish. They showed potential buyers around my property, only to leave windows open on one occasion, solarium lights left on on another resulti...

...ng in a 160 euro bill,but the worst of it was on my last visit they urinated in loo dididnt flush it the stench when I opted door was horrendous. 

It gets better they force you in yo using there solicitors at a 1000euros because if you don't you have to pay an additional 1000 euros anyway if you choose to go elsewhere. 

Thankfully my sale went through  4 wks ago but I am still paying  community fees because the incompetent layer they employed didn't cancel the direct debits as she should have done !!

Avoid disappointment look elsewhere 

I perfectly agree with you! I don’t recommend this agency at all! I was about to buy a property with them and some days before our meeting after I had already contacted a private lawer ( not one of theirs) and asked the bank the money, when I called them to anticipate the meeting, they told me they had already sold the property to another person! Do not trust them! 

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