How does the Spanish estate agency system work? - Page 2

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Posted: Tue Dec 1, 2020 12:13pm

Jenni

Super helpful member

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1002 helpful points

Location: Oria

Joined: 14 Dec 2017

Posted: Tue Dec 1, 2020 12:13pm

Shazzy wrote on Tue Dec 1, 2020 10:32am:
Thank you Jenni, that's reassuring.
On the Kyrero podcast - which I suspect is promoted by estate agents - people talk about having their hands held through the whole process by an estate agent, who shows them a wide range of properties, and some comment there 'wasn't even a fee'. So it's reassuring to hear that you can still use t...

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...he standard UK style system of approaching agents.

I think what Kyero write is propaganda to be taken with a huge bag of salt. Just treat the estate agents here as you would in the UK and you wont go wrong.

Good luck with your search.

Jenni

Posted: Wed Dec 2, 2020 11:25am

Fishman48

Posts: 94

17 helpful points

Location: Arboleas

Joined: 25 May 2019

Posted: Wed Dec 2, 2020 11:25am

Shazzy wrote on Mon Nov 30, 2020 10:27am:
Thank you Gerry and Matthew
We are the classic cliche of early 60s, semi-retired, wanting a warmer and sunnier bolthole where we can relax and enjoy a broader life experience. As well as visiting several times a year, we would hope to use it as a base to explore Spain.

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The option to rent and spend some time to test an area out has obviously not been available this year ...
The appeal of buying is that we could leave our stuff there and come and go as we pleased. It is not an investment, it is intended for our pleasure. However, we are aware that the money could be used for quite a few holidays instead so it is always interesting and helpful to hear from others who have given it a go about how realistic we are being!

My advice is the same as Mathews,rent rent rent then decide ✅

Posted: Wed Dec 2, 2020 12:45pm

hocky54

Posts: 9

5 helpful points

Location: Tabernas

Joined: 2 Apr 2020

Posted: Wed Dec 2, 2020 12:45pm

Get in touch with Raoul or Anna at Cortijos Almeria, they did a very good job for us at a very reasonable fee.

+34650590750 or +34626410320, email [email protected], they both speak good english.

They deal with everything, and ensure that the property you are buying is fully legal, i.e. has all the correct paperwork and bills up to date.

Posted: Wed Dec 2, 2020 12:56pm

sterling22

Posts: 38

12 helpful points

Location: Vera

Joined: 24 Mar 2017

Posted: Wed Dec 2, 2020 12:56pm

The vendor pays the agents fee always you don’t

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Posted: Wed Dec 2, 2020 1:43pm

GerryHugh

Posts: 19

10 helpful points

Location: Mojacar

Joined: 30 Sep 2020

Posted: Wed Dec 2, 2020 1:43pm

Your solicitor/lawyer charges you to do all these searches on tile, first occupation and taxes. I would not pay an estate agent to go do this work also and I doubt any lawyer worth their salt would accept the ‘word’ of an estate agent ( no disrespect to estate agents but they are there to sell not look after your welfare, that’s what your lawyer is for) - I am open to correction though. Also remember that stamp duty on any purchase is 8% up to €400,000 and 10% for amounts over that. Definitely put your feet on the ground before you commit. Best of luck.

Posted: Wed Dec 2, 2020 4:49pm

hocky54

Posts: 9

5 helpful points

Location: Tabernas

Joined: 2 Apr 2020

Posted: Wed Dec 2, 2020 4:49pm

GerryHugh wrote on Wed Dec 2, 2020 1:43pm:
Your solicitor/lawyer charges you to do all these searches on tile, first occupation and taxes. I would not pay an estate agent to go do this work also and I doubt any lawyer worth their salt would accept the ‘word’ of an estate agent ( no disrespect to estate agents but they are there to sel...

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...l not look after your welfare, that’s what your lawyer is for) - I am open to correction though. Also remember that stamp duty on any purchase is 8% up to €400,000 and 10% for amounts over that. Definitely put your feet on the ground before you commit. Best of luck.

These people are very good, only cost to us was the notary for final signatures and contract hand over 192 euros,

so where did 400 euros come from!

Im all about saving money but also getting a legal job done. And these people did just that.

Anna is a notary but they used a local notary so no conflict of interest, involved.

so shove that up your pipe and smoke it.

Reply

Posted: Wed Dec 2, 2020 6:04pm

Matthew

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Location: Mojacar

Joined: 16 May 2018

Posted: Wed Dec 2, 2020 6:04pm

Take it easy Hocky, people post here to help or add to existing help and even give a choice of help. Nobody is charged for posting here and all advice is given free of charge. Nobody has to take the advice given.

Posted: Wed Dec 2, 2020 6:09pm

GerryHugh

Posts: 19

10 helpful points

Location: Mojacar

Joined: 30 Sep 2020

Posted: Wed Dec 2, 2020 6:09pm

Matthew wrote on Wed Dec 2, 2020 6:04pm:
Take it easy Hocky, people post here to help or add to existing help and even give a choice of help. Nobody is charged for posting here and all advice is given free of charge. Nobody has to take the advice given.

Cheers.

I’ve learned my lesson.

Posted: Wed Dec 2, 2020 7:22pm

Jenni

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Posts: 1293

1002 helpful points

Location: Oria

Joined: 14 Dec 2017

Posted: Wed Dec 2, 2020 7:22pm

Well said Matthew

Jenni

Posted: Wed Dec 2, 2020 7:26pm

Shaun

Posts: 5

4 helpful points

Location: Mojacar

Joined: 3 Sep 2020

Posted: Wed Dec 2, 2020 7:26pm

Another important thing if buying a house. If there are items to be included in the property don't sign a reservation contract until you have seen a complete list of the inventory and it is signed by the vendor and you are happy it includes everything included in the sale. Also ensure the inventory is referenced in the reservation contract. If you pull out of a sale the vendor can keep the reservation deposit, which is typically €3000. So be sure you are good to proceed before signing the contract or paying the deposit to your sols to hold in escrow.