The main difference here in Tenerife would be the fact there are almost no properties on an exclusive basis with agents and therefore there are several property sales which get shared between agents and for that reason each office ends up with 2.5% of the commission. Exactly what the agent does for their cash is also very different to the united kingdom agent as well though.”
As anyone who knows anything about estate agents in Tenerife property agents knows, you will find no national governing bodies, so anybody can open an estate agency…although this really is something which if this were within my capacity to change, I would personally. So, no governing bodies signifies that there is no protection for just about any buyer as well as seller. It may be…and frequently is…a minefield, so at Tenerife Property Group we make an effort to make everything that the uninitiated buyer or seller has to do or referred to as simple to access as possible.
, maybe even illegally taking details and photographs of properties from other agents websites, showing a home to your prospective buyer and awaiting the commission cheques to roll in. Additionally the fact that all of us drive large, posh cars, sit in a pub the majority of the day and then leave just to have a round of golf to make sure that we get home over time for your British soaps in the media.
As being a self employed estate agent, I pay my taxes to Hacienda, the Spanish tax office. Furthermore, i charge IGIC – Canarian VAT which most of the time, following a little negotiation with all the vendor tends to be included within the commission fee charged instead of at the top, which in turn implies that the entire level of the commission fee is not really paid for me, instead quite an amount gets paid for the government. I truly don’t mind this whatsoever because I live in a fantastic country, over a beautiful island where generally speaking you can find good public services.
Obviously, being self-employed, I must also pay my own, personal Security contributions but maybe one of the greatest aspects of being self employed is definitely the risk which i take each day which i may well not receive an email from an interested buyer or seller, I might not sell a home to get a month or two and then I might struggle to afford my office rent or advertising costs nor the aforementioned taxes and Social Security contributions.
We assist buyers with meetings using their chosen lawyer, assist in opening banks accounts, attend the completion of the sale on the notary office, assisting the owner using the paperwork that they are necessary to look after their sale. It doesn’t always stop there either, we very often help when things are essental to the brand new owner when they are unsure about what to do get repairs done or buy things for his or her new property and I should point out that that also doesn’t range from the designing, building, updating and marketing of various websites where to advertise properties for the vendors and the fee for other marketing efforts.
There’s almost no point about going on regarding how many properties might be proven to prospective buyers and never bought and also that does not all potential sales don’t work out, even though we’ve done a whole load of employment.
I won’t enter into detail about how, through e-mail marketing and website presence, I have was able to match a buyer and seller and effectively sell a property simply for some unscrupulous buyer and seller to attempt to carry out the deal behind my back and hope i won’t learn therefore, through virtually no fault of my own, personal, wanting to cause me to earn nothing.
Honestly, I don’t expect someone to feel sorry for me…far from it, I prefer to be in this industry, I choose to be self-employed and extremely, should i didn’t want it or I was thinking it was unfair, then I wouldn’t do it – but I’d much like many people to realise that it’s not as simple as they believe that it is and taking the potential risk of being self employed and marketing myself and also the Los Cristianos agency doesn’t come cheap and tends to eat into a large amount of my own time with my family…say’s he, writing this article on the Sunday evening…well We have been cleaning my big posh car, spent the day in the pub, played golf and watched Eastenders all week, so I ought to do something I guess…
Many individuals don’t realize that when I get up each day, I am effectively unemployed and that I’ll need to get on and do somehting on that day to at the very least have the ball rolling to gain possible buyers for my sellers snhrhp to realise that I’m still working or carrying out a viewing over a weekend or perhaps later in the day and they’re sipping their glass of Chardonnay on the balcony.
To boil it down, We have no reason to become apologetic nor embarrassed and I’m delighted to clarify my commission fees to anyone that asks and that i am happy to defend the position of the honest, tax paying estate agent in Spain, of which you may still find a number of of us. No property seller needs to engage the services of an estate agent, as is borne out by the many “Se Vende” signs one sees everywhere, but when they would like to raise the profile of their property and have a better chance of selling it, then currently, our company is an essential evil.