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
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.
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
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
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.
MRICS Director Blakemore Walker