Real Estate fees
Posted: Wed May 30, 2018 5:57 am
I have read on a number of forums the various damning citations surrounding these fees. Most of which are either posted by people who know nothing about it or have had a bad experience and then decide to publicly tar every agent with the same brush.
When a vendor decides to market their property...Their net return is made crystal clear on a form,signed,by the vendor called a Mandato De Venta.This also includes details of the commission agreed with the agent.The property is then marketed with the commission added.
The buyer comes along,pays the price and the vendor is returned what has been agreed. How simple is that? Is there a rip off involved here?
Now to the level of commission an agent charges for selling houses.It's like selling anything eh. Do you sell through Tony who has a mobile phone,conducts business from his garage and has no after sales team? Or do you sell through Anthony who has an office you can visit,with a shop front where your property is displayed,Anthony...whose company advertises and markets your property at exhibitions and various portals on the web. There is a great difference between meeting Tony outside Don Carlos to view properties and meeting Anthony at his office to view.
Hence, the difference between 3% and 5% commission. As a seller,and,indeed a buyer, you get the service you have paid for.End of......
When a vendor decides to market their property...Their net return is made crystal clear on a form,signed,by the vendor called a Mandato De Venta.This also includes details of the commission agreed with the agent.The property is then marketed with the commission added.
The buyer comes along,pays the price and the vendor is returned what has been agreed. How simple is that? Is there a rip off involved here?
Now to the level of commission an agent charges for selling houses.It's like selling anything eh. Do you sell through Tony who has a mobile phone,conducts business from his garage and has no after sales team? Or do you sell through Anthony who has an office you can visit,with a shop front where your property is displayed,Anthony...whose company advertises and markets your property at exhibitions and various portals on the web. There is a great difference between meeting Tony outside Don Carlos to view properties and meeting Anthony at his office to view.
Hence, the difference between 3% and 5% commission. As a seller,and,indeed a buyer, you get the service you have paid for.End of......