Having purchased a home in Spain over the last 4 years, I have been following the real estate market on the coast during this period with some interest.
Many greedy sellers and estate agents alike have fallen flat on their faces with their high hopes of making a killing out of some less than with-it buyer. Some of the prices that you see in the papers and real estate agents windows are hard to believe. I swear that most of the agents and owners put about 50% commission on top and then wonder why they can’t sell their properties!
In the UK, estate agents charge around 1.5% commission whereas in Spain the commission is more like 5%, which I think is due to the competition. But why not drop your commission and stay ahead of the competition? It does make wonder why not.
There are a number of larger estate agents on the coast who have a some what debatable reputation. These are the agents that put so much pressure on clients and pull out every dirty trick to secure that commission. Some of them really would sell their mothers!
Im please to say though that there are a number of smaller agents on the coast who have a good reputation and who will go out of their way to help YOU and not themselves . PGM Property World are one such family run agency with property for sale in Spain. Take a look at their site at www.pgmpropertyworld.com for further info and for a list of their current properties.
