Why sell your Spanish property privately
Posted 03-01-2008 at 10:45 PM by ssd
"The single most expensive asset for most people is their home. I believe that you should have the option to sell that asset privately. Many people just do not even realise that they can sell this way, with or without an Estate Agent."
Buying or selling privately does not conflict with any normal estate agency contracts. You do not have to give up an existing agent either, but you WILL save the commission if you find your buyer yourself.
You are in charge, and eliminate all estate agency selling fees... If you sell privately – you keep 100% of the sale funds.
My family and I have already been through the Spanish buying/selling process, and I beleive that using the private route provides you with a wonderful opportunity to take control of your move and save huge sums of money.
We remember when house prices in some parts of the UK averaged around £60,000 to £70,000. The average fee then payable to agents was only about £1,200 and £1,400...
But since then, values have rocketed in Spain, and so have the Agent fees.
(Now: €12,000-€28,000). That's up to TWENTY times the fee of less than a decade ago!
Are you getting TWENTY times the service??? .........The answer is probably not.
BUT WHAT IF I'M ALREADY WITH AN ESTATE AGENT?
No problem! Keep on using one or more agents, it doesn’t matter….. BUT, if you find a private buyer, then you will NOT have to pay any Estate Agents commission.
NO COMMISSION FEES…?
Estate Agents throughout Spain now charge anywhere up to 20% in commission fees to sell your property.
hundreds of thousands of properties are sold each year (That's millions of euro's worth of commission!), and recent surveys have shown that a large majority of these people would have considered selling themselves given the chance. And with the average property price now estimated to be around €300,000 and the Estate Agents commission at say 15% of that, you have the potential to save up-to an incredible €45,000 in commission fees by selling your home privately.
You take the enquiries – then you conduct the viewings, you negotiate the sale details and you keep 100% of the funds from that sale!
Buying or selling privately does not conflict with any normal estate agency contracts. You do not have to give up an existing agent either, but you WILL save the commission if you find your buyer yourself.
You are in charge, and eliminate all estate agency selling fees... If you sell privately – you keep 100% of the sale funds.
My family and I have already been through the Spanish buying/selling process, and I beleive that using the private route provides you with a wonderful opportunity to take control of your move and save huge sums of money.
We remember when house prices in some parts of the UK averaged around £60,000 to £70,000. The average fee then payable to agents was only about £1,200 and £1,400...
But since then, values have rocketed in Spain, and so have the Agent fees.
(Now: €12,000-€28,000). That's up to TWENTY times the fee of less than a decade ago!
Are you getting TWENTY times the service??? .........The answer is probably not.
BUT WHAT IF I'M ALREADY WITH AN ESTATE AGENT?
No problem! Keep on using one or more agents, it doesn’t matter….. BUT, if you find a private buyer, then you will NOT have to pay any Estate Agents commission.
NO COMMISSION FEES…?
Estate Agents throughout Spain now charge anywhere up to 20% in commission fees to sell your property.
hundreds of thousands of properties are sold each year (That's millions of euro's worth of commission!), and recent surveys have shown that a large majority of these people would have considered selling themselves given the chance. And with the average property price now estimated to be around €300,000 and the Estate Agents commission at say 15% of that, you have the potential to save up-to an incredible €45,000 in commission fees by selling your home privately.
You take the enquiries – then you conduct the viewings, you negotiate the sale details and you keep 100% of the funds from that sale!
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Recent Blog Entries by ssd
- A private buyers step by step guide to buying property in Spain (04-01-2008)
- Buying a dream Spanish home - privately (04-01-2008)
- Private Spanish property sales direct from the owner (03-01-2008)
- Why sell your Spanish property privately (03-01-2008)
- Why sell your Spanish property privately on the internet (03-01-2008)
