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Just want some clarification if anyone can help. I thought when buying a property from an estate agent that the seller paid their fees.
I enquired about a property from a particular estate agent but they want 1000 buyers fee.
It has put me off looking at their properties.
Is this normal practice ??
Thanks in advance.
Posted: Fri Mar 10, 2023 9:07am
Very helpful member
The Agency you are on about is 5. Yes they charge a fee to buyers but you can say to them your offer includes 5 agency fee. No it not normal to pay a fee when buying a property. They are only estate agents I know that charge a buyer a fee. They are a fairly new agency
Posted: Fri Mar 10, 2023 10:24am
Sligogent wrote on Fri Mar 10, 2023 9:07am:
The Agency you are on about is 5. Yes they charge a fee to buyers but you can say to them your offer includes 5 agency fee. No it not normal to pay a fee when buying a property. They ...
Read more...
...are only estate agents I know that charge a buyer a fee. They are a fairly new agency
Thanks and yes it is five. We were working out our budget but when you add their fee on it makes it a bit much. I suppose that is the sensible way to look at it just deduct their fee from your offer. Maybe less chance of your offer being accepted though.
Thanks again
Posted: Fri Mar 10, 2023 10:34am
Very helpful member
Magicden wrote on Fri Mar 10, 2023 10:24am:
Thanks and yes it is five. We were working out our budget but when you add their fee on it makes it a bit much. I suppose that is the sensible way to look at it just deduct their fee from your offer. Maybe less chance of your offer being accepted though.
Thanks again
What you may find is that the same property is listed with several agents so it pays to do some snooping.
For example, when we bought our place in 2017, we initially enquired with Vincent Real Estate, viewed it with Citrine & finally picked the keys up from Casas Manuel.
Posted: Fri Mar 10, 2023 10:40am
Stan Bartolome wrote on Fri Mar 10, 2023 10:34am:
What you may find is that the same property is listed with several agents so it pays to do some snooping.
For example, when we bought our place in 2017, we initially enquired with Vincent Real Estate, viewed it with Citrine & finally picked the keys up from Casas Manuel.
Thanks for the advice. I have noticed a few of the same properties with different agents. We have just started looking again and it is a minefield. Hopefully arrange a trip out soon. Just looking for a wee bolthole to get away to whenever we can. Came out to view some last year that looked great online but were terrible. I wasn't happy with the agents for letting us waste a trip.
Den
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Posted: Fri Mar 10, 2023 10:52am
Very helpful member
Magicden wrote on Fri Mar 10, 2023 10:40am:
Thanks for the advice. I have noticed a few of the same properties with different agents. We have just started looking again and it is a minefield. Hopefully arrange a trip out soon. Just looking for a wee bolthole to get away to whenever we can. Came out to view some last year that looked great ...
Read more...
...online but were terrible. I wasn't happy with the agents for letting us waste a trip.
Den
Good luck. It can be quite daunting initially but it's actually fairly straightforward if you get a decent lawyer on-side. They'll do all the legwork for you & help you avoid any nasty surprises (outstanding utility debt on the property, issues with the deeds, etc.)
We're just about to list our place in San Bartolome actually. It's a 2 bed, south-facing 1st floor apartment with plenty of outdoor space (large balcony & separate roof terrace) inside a secure gate so it's an ideal "lock up & leave" for holidays.
We'll do you a good deal if you're interested. £50k and it's yours...😉
Posted: Fri Mar 10, 2023 11:10am
Very helpful member
Magicden wrote on Fri Mar 10, 2023 10:24am:
Thanks and yes it is five. We were working out our budget but when you add their fee on it makes it a bit much. I suppose that is the sensible way to look at it just deduct their fee from your offer. Maybe less chance of your offer being accepted though.
Thanks again
If you put in offer including 5 commission you never know what response you get
Property for sale for different reasons some moving back to home counties others just did not work out for them in Spain.
You can only try. Nothing ventured nothing gained
Posted: Fri Mar 10, 2023 11:34am
Stan Bartolome wrote on Fri Mar 10, 2023 10:52am:
Good luck. It can be quite daunting initially but it's actually fairly straightforward if you get a decent lawyer on-side. They'll do all the legwork for you & help you avoid any nasty surprises (outstanding utility debt on the property, issues with the deeds, etc.)
We're just about to list our place in San Bartolome actually. It's a 2 bed, south-facing 1st floor apartment with plenty of outdoor space (large balcony & separate roof terrace) inside a secure gate so it's an ideal "lock up & leave" for holidays....
Read more...
...
We'll do you a good deal if you're interested. £50k and it's yours...😉
Thanks but a bit far out for us as we don't want to drive when there. Sounds good though
Den
Posted: Fri Mar 10, 2023 11:38am
Very helpful member
Magicden wrote on Fri Mar 10, 2023 11:34am:
Thanks but a bit far out for us as we don't want to drive when there. Sounds good though
Den
No problem.
It was a cheeky opportunist pitch anyway. 😁
Good luck with your search. Take your time, don't panic & don't try & fit a square peg into a round hole. There's plenty of available property out there so write a list of what you need & stick to it, is my advice.
If it's meant to be, it'll happen.
Dave
Magicden wrote on Fri Mar 10, 2023 10:40am:
Thanks for the advice. I have noticed a few of the same properties with different agents. We have just started looking again and it is a minefield. Hopefully arrange a trip out soon. Just looking for a wee bolthole to get away to whenever we can. Came out to view some last year that looked great ...
Read more...
...online but were terrible. I wasn't happy with the agents for letting us waste a trip.
Den
When I saw any properties that I liked on ads, when I enquired, I asked the agencies if they charged the buyer. They generally answered “It’s normal on the Costa Blanca/Alicante/Valencia blah, blah, blah”.
So I refused to see the properties with them. They still get the same amount of commission from the seller so I’m not here to make sure others get rich quick!
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