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Canary Islands Estate Agents
Over the years, hundreds of estate agents have set up shop in the Canary Islands because the sector is still unregulated and requires no licenses or qualifications.
There are a handful of agents who may pass the integrity test but these are far outnumbered by the unscrupulous ones.
The fees Canary Islands estate agents charge for their “services” can be significant, 5% being the average although in these hard times, agents have had to resort to discounts to stay alive.
5% may not sound like a lot but on a €300,000 property, it equates to €15,000 !
If this still does not sound like a lot of money to you, then calculate how many hours, after paying tax, you would have to work to earn €15,000 and then ask yourself this question;
Does the estate agent have to work as many hours as you to earn your money?
If the answer is “no” then why not list your property with us? After all, most buyers now look for their new home on a website such as ours, and once found, they speak to the owner direct.
Let’s face it, we all learnt to talk even before we went to school, so we don’t need an estate agent for that !
In today’s dropping market, saving the estate agent fees is critical (It could even save you from being in negative equity).
The buyers are not stupid, they know that if you are selling through an agent, the price will be significantly higher than if you were selling direct.
If selling direct terrifies you and feel the need to go through an agent, then the least you can do is knock the fees down considerably. 2-3% in our view is a very generous commission to pay.
Good impartial legal advice is the backbone of this process and all the rest can be done by yourself with a bit of effort.
It’s your money and it should be your rules.
Avoid the many pitfalls of using Canary Islands estate agents by making good use of our services.