Recommendations for Estate Agents
Printed From: Albufeira.com
Category: Living in Albufeira / Viver em Albufeira
Forum Name: Algarve Foreign Residents / Residentes Estrangeiros
Forum Description: Meeting Point / Ponto de Encontro
URL: https://albufeira.com/forum/forum_posts.asp?TID=9538
Printed Date: 28/April/2024 at 06:36
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Topic: Recommendations for Estate Agents
Posted By: Jeff Leach
Subject: Recommendations for Estate Agents
Date Posted: 18/August/2016 at 21:44
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We have decided to sell our house and would welcome any info on the selling process here. Are agents commissions all so high? Are there agents who are better at selling than others. We looked at selling a few years ago and the agents seemed completely uninterested. They seemed only interested in buyers. Thanks in advance. |
Replies:
Posted By: Jayjan
Date Posted: 19/August/2016 at 11:00
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Commission fees are normally around 5% plus IVA @ 23% but suppose you could try and negotiate with the agencies. We used Remax Praia with Paulo Diogo as our agent when we sold, the shop is based at the shops in front of the Paraiso Albufeira Hotel so quite a busy area. All quite straightforward and he was very helpful. Ours took 12 months from putting it on the market to completion of signing it over to the buyers, lots of viewings, many clients interested but they wanted it at a knock down price which we wern't willing to sell at, but eventually we got the right buyer. Good Luck !!!! ------------- Polli the dancing cat strikes again. |
Posted By: Corien
Date Posted: 02/March/2017 at 11:32
| Jeff, I just sent you a private message. |
Posted By: stuart123
Date Posted: 02/March/2017 at 13:36
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The fees are really high compared to the UK - which averages 1-2% - or less if you use an internet only site. |
Posted By: Big Col
Date Posted: 02/March/2017 at 14:01
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Agreed. Our contract is for 0.8% with a high street estate agent in the UK (haven't sold it yet though). 🙄 ------------- Colin |
Posted By: tonisdad
Date Posted: 02/March/2017 at 17:53
Pauline what percentage is the buyer normally looking at knocking the seller down off the advertised price in your experience. In UK I would be looking to knock down 5-10% if I was buying.
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Jayjan wrote:Posted By: Algarveaddick
Date Posted: 02/March/2017 at 18:31
I think the difference is that you are legally tied in with the agent in the UK. Here I understand quite a lot of people end up making a private deal with the buyer and cutting out the agent. I am not sure that it is strictly legal either, but as taking someone through the courts here takes years and years, no one gets pursued for what they owe. So honest folk end up paying more.
 ------------- Go away Duchatalet |
Posted By: cheekygirl
Date Posted: 02/March/2017 at 22:35
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We used Remax in Albufeira. We dealt with a lady called Nelda. She was very helpful. It is a few years ago since we sold our apartment so not sure if she still works there. Good luck :) ------------- Loving it in the sun |
Posted By: lizrod
Date Posted: 05/March/2017 at 00:36
| algarve eden properties are very good |
Posted By: pyrman
Date Posted: 05/March/2017 at 11:05
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Nelda Coelho ... her face is on posters everywhere ... 965358776 Helena Dias ... based in Torre da Medronheira .. they also own the 3 sports bar next to Cockerel Country Kitchen ... 289582041 en.algarvedreamproperty.com ------------- Pyrman |