ESTATE AGENT COSTA BLANCA – SPAIN
WHY WORK WITH AN ESTATE AGENT?
In many different countries, the buyer pays for the services of a buying agent. This service is free in Spain! How is that possible? And are you also better off with an estate agent? Free does not mean that the agent in Spain does not get paid, that is indeed natural. But for the purchase price of a home it does not matter whether in addition to the seller’s agent there is also an agent involved who assists the buyer. It does mean that the selling agent must share his commission with the buying agent. But he will gladly do so because since one house is often for sale by several real estate agents, it could also have been that he would not have been involved in the sale but a competitor. The commission that the seller must pay is agreed with the sales agent prior to the sale. So that is already certain. The presence of a buying agent no longer influences the amount thereof.
WHAT´S GOOD ABOUT HAVING AN ESTATE AGENT?
The answer to that is that, if you have found a good real estate agent, that will bring you a lot of convenience, reassurance and a better deal. You then have someone working for you who knows the environment, has a local network, knows the market and can therefore also value the house prices, knows which legal procedures must be followed. The agent searches for you in the total offer, not just in your own portfolio. And, perhaps most importantly, only serves your interests and not those of the seller.
BUT.. DOES AN ESTATE AGENT ASK FOR ANYTHING FROM ME?
Commitment. That is what a buying agent needs to be able to do his job well. Without the commitment of the person looking for a property, a real estate agent has no mandate. If you want information about a property that you have seen for sale somewhere else, have it requested by your buying agent! If you are in contact with several brokers at the same time, this may hamper the work that a buying broker does for you. So it is very important to be clear about this.
Would you like to receive some initial suggestions for houses based on your wishes? Then go for a personal search now for free and without obligation! Read more about the buying process in Spain here.
You can also get in touch with us for all of your needs as our office is full of multilingual and professional estate agents that know everything about the area of the Costa Blanca.