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Pros and cons of selling property not using an estate agent
Pros and cons of selling property not using an estate agent
by Sundaze » Fri Jun 10, 2022 9:22 pm
We have a property, which we are considering selling.
We think - but I guess we are biased - that it should sell relatively easily.
In Spain, what services do Estate Agents offer - apart from marketing - that we can't sort out ourselves?
What if any, are the pitfalls of agreeing a private sale?
Just to say we have been approached by a couple of interested parties already.
Thanks in advance for any insights.
We think - but I guess we are biased - that it should sell relatively easily.
In Spain, what services do Estate Agents offer - apart from marketing - that we can't sort out ourselves?
What if any, are the pitfalls of agreeing a private sale?
Just to say we have been approached by a couple of interested parties already.
Thanks in advance for any insights.
- Sundaze
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Re: Pros and cons of selling property not using an estate a
by Shiva » Fri Jun 10, 2022 10:55 pm
If you already have an offer from someone of a price you are happy to accept, well , then you have no need of an estate agent. You still need an abogado or solicitor to act for you in the sale but that's all. Employing an estate agent is all about marketing your property and hoping they can find you a buyer. If you have or can do that yourself, well, their services are redundant and you have saved yourself their fee.
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Re: Pros and cons of selling property not using an estate a
by Sundaze » Fri Jun 10, 2022 11:19 pm
Thanks Shiva, we'll follow up the interested parties first. If that comes to nothing, we'll approach local agents. We just wondered if things were much different to how it all works in the UK.
We'll use the same independent solicitor we used when we purchased the property to deal with the sale.
We'll use the same independent solicitor we used when we purchased the property to deal with the sale.
- Sundaze
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- Which part of Spain are you from?: Quesada
Re: Pros and cons of selling property not using an estate a
by merida » Sat Jun 11, 2022 6:46 am
Just a little extra info to that given to you already, is that you do not actually need a Solicitor. Unless there are major problems, a Notary can be used to complete the sale.
We have sold two properties in Spain over the years just using a Notary. No problems at all. Also quite a lot cheaper.
We have sold two properties in Spain over the years just using a Notary. No problems at all. Also quite a lot cheaper.
- merida
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Re: Pros and cons of selling property not using an estate a
by tinak » Sat Jun 11, 2022 7:52 am
How does that work then Merida? especially if you are not in spain when it sells.
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Re: Pros and cons of selling property not using an estate a
by Sundaze » Sat Jun 11, 2022 9:34 am
Thanks Merida, but we'll definitely stick with using our Spanish solicitor. We wouldn't know where to start with the legal side of things, we've no problem paying those costs.
It's just the estate agents fees we find hard to justify,and wondered, apart from the marketing aspect, what else they provide that we would find difficult to do ourselves.
It's just the estate agents fees we find hard to justify,and wondered, apart from the marketing aspect, what else they provide that we would find difficult to do ourselves.
- Sundaze
- Posts: 49
- Joined: Sun Jul 19, 2020 5:59 pm
- Which part of Spain are you from?: Quesada
Re: Pros and cons of selling property not using an estate a
by Ericc » Mon Jun 13, 2022 1:14 pm
Sundaze wrote:It's just the estate agents fees we find hard to justify,and wondered, apart from the marketing aspect, what else they provide that we would find difficult to do ourselves.
Basically like real estate agents worldwide: nothing.
- Ericc
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