Blakemore Walker Chartered Surveyors & Legal Consultants

SPECIALISING IN PROPERTY PURCHASE AND SALES IN ASTURIAS, CANTABRIA & GALICIA

MEMBERS OF THE ROYAL INSTITUTION OF CHARTERED SURVEYORS

CONSTRUCTION

GENERAL MARKET COMMENT

PRICES ON THE COAST

PHOTOS AND TOURISM

PROPERTY AND THE EURO

 

BUYER BEWARE

Estate agents' commission discussed.

Independent advice provides peace of mind.

Blakemore Walker Chartered Surveyors has no ties or agreements with any agent.

COMMENT ON ESTATE AGENTS IN NORTHERN SPAIN

BUYER BEWARE

Property advertised in northern Spain can often involve several agents both Spanish and English. There are examples of this in all the price ranges, but with a little research, property on some english speaking web sites can be found in the window of the original agent in Spain, and the price is not always the same! The buyer must be aware of how the system works.

Most agents in Spain advertise at a price which reflects the level of commission they expect to take from the transaction. As a purchaser, consideration must be given to the element of commission and how it reflects on the final agreed price. The more agents involved the potential for more to be paid by the purchaser.

Many property web sites do not have direct instructions from the vendor. Property is advertised to serve the english speaking purchaser where the original spanish agent is based in northern Spain and does not speak english.

It is important that the prospective purchaser does not waste time in dealing with agents who do not have direct instructions and, in the case that sub-agents are involved, to ensure that the asking prices does not reflect additional commissions added by multiple layers of agents.

Not only is there the potential to waste a significant amount of time but also to pay too much for a property, or to pay fees for achieving nothing. As ever the advice of "buyer beware" is fundamental to any property transaction. Always take professional advice and above all never sign anything without taking the proper advice.

Clive Robbins MRICS Director Blakemore Walker