Purchasing a property with the help of Creative Property Marketing means that buyers can deal directly with sellers with the added support and guidance of experienced property people.
The main benefits for buyers…
No estate agent commissions are involved with any of our properties and this can save thousands of Euros on a property valued at €200,000 (the average commission rate is around 5% – equating to €10,000 on a property of this value!).
The seller pays us an advertising rate of just €245 plus IVA and because of this low cost they can offer their property at a lower price or be more negotiable when it comes to offers.
Many estate agents in Spain will be charging an average of 5% commission – some have been known to creep up to as much as 10%! If you are buying a property through an estate agent, you should be aware of these charges as it will affect the price of the property in some way.
In Spain, the rules governing estate agency are very relaxed and anyone who wants to open up a business can do so without any experience or knowledge. This means that many estate agents have abused the system and often do not offer a high level of service.
Some estate agents in Spain just don’t listen to buyers
It is often the case that many estate agents work with other estate agents in a network and they are selling a property on their website that they have never even been to visit themselves! (Having been offered it by a sharing agent).
We think this situation is unacceptable because it often leads to inaccurate information being passed on to a potential buyer and in many instances an agent turns up to a house that they have never been to with a seller who has never met the agent before!
The buyer can communicate directly with the owner and ask any number of questions without the need for involving an estate agent. This leads to a greater degree of confidence between buyer and seller and avoids poor quality information being passed on.
The laws in Spain are different to other European countries and it is well worth understanding the key documents yourself which need to be correct before proceeding with a property. This will enable you to talk through these documents with your lawyer.