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 numerous property sales that get shared between agents and thus each office ends up with 2.5% of the commission. What the agent does for their money is also very different to the united kingdom agent as well though.”
As anybody who knows anything about estate agents in Agent in Tenerife will know, you will find no national governing bodies, so anybody can open an estate agency…although this is something that if this were inside my power to change, I would personally. So, no governing bodies implies that there is absolutely no protection for just about any buyer or even seller. It may be…and frequently is…a minefield, so at Tenerife Property Group we attempt to make exactly what the uninitiated buyer or seller must do or know as easy to access as is possible.
, even perhaps illegally taking details and photographs of properties from other agents websites, showing a property to a prospective buyer and waiting for the commission cheques to roll in. Additionally the fact that we all drive large, posh cars, sit in a pub the majority of the day and then leave just to get a round of golf to make sure that we get home soon enough for the British soaps on TV.
Being a self employed estate agent, I pay my taxes to Hacienda, the Spanish tax office. Furthermore, i charge IGIC – Canarian VAT which generally speaking, after having a little negotiation with the vendor tends to be included inside the commission fee charged rather than on top, which often implies that the entire level of the commission fee will not be paid to me, instead quite an amount gets paid for the government. I truly don’t mind this whatsoever because I live in a fantastic country, on a beautiful island where most of the time you can find good public services.
Of course, being self-employed, I must also pay my own, personal Security contributions but maybe one of the greatest aspects of being self-employed is the risk which i take every day which i may not get an email from an interested buyer or seller, I may not sell a property for any month or two then I might struggle to afford my office rent or advertising costs nor the previously mentioned taxes and Social Security contributions.
We assist buyers with meetings making use of their chosen lawyer, help in opening banks accounts, attend the completion of the sale in the notary office, assisting the vendor with all the paperwork they are required to provide for their sale. It doesn’t always stop there either, we frequently help when situations are essental to the newest owner if they are unsure about what to do get repairs done or to buy things for their new property and that i should mention that that still doesn’t are the designing, building, updating and marketing of varied websites which to advertise properties for our vendors and the fee for other marketing efforts.
There’s hardly any point about taking place about how exactly many properties might be proven to prospective buyers and do not bought as well as that does not all potential sales don’t exercise, although we’ve done an entire load of labor.
I won’t go into detail about how exactly, through e-mail marketing and website presence, We have were able to match a buyer and seller and properly sell a property only for some unscrupulous buyer and seller to try to do the deal behind my back and hope i won’t learn therefore, through simply no fault of my very own, wanting to cause me to earn nothing.
Honestly, I don’t expect anyone to feel sorry for me…far as a result, I prefer to be in this particular industry, I prefer to be self employed and incredibly, if I didn’t like it or I was thinking which it was unfair, i wouldn’t be doing it – but I’d much like some people to realise that it’s not as easy as they believe that it is and taking the risk of being self-employed and marketing myself and the Tenerife agency doesn’t come cheap and is likely to eat into quite a bit of my own time with my family…say’s he, writing this article on a Sunday evening…well We have been cleaning my big posh car, spent the morning inside the pub, played golf and watched Eastenders all week, and so i ought to do something I guess…
Lots of people don’t recognize that after i wake up each morning, I am effectively unemployed and this I’ll have to get on and do somehting on that day to at least have the ball rolling to achieve possible buyers for my sellers snhrhp to realise that I’m still working or carrying out a viewing over a weekend or perhaps in the evening and they’re sipping their glass of Chardonnay on the balcony.
To boil it down, I actually have no reason to be apologetic nor embarrassed and I’m thrilled to explain my commission fees to anyone who asks and that i am happy to defend the positioning of the honest, tax paying estate agent in Spain, in which you can still find a number of people. No property seller needs to engage the expertise of an estate agent, as is borne out through the many “Se Vende” signs one sees everywhere, but if they would like to increase the profile with their property and have a better possibility of selling it, then currently, we have been an essential evil.
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