The main difference here in Tenerife would be the fact there are hardly any properties on an exclusive basis with agents and therefore there are several property sales which get shared between agents and thus each office ends up with 2.5% of the commission. Just what the agent does for their funds are also very different to the united kingdom agent as well though.”
As anyone that knows anything about estate agents in Tenerife agent are fully aware of, there are no national governing bodies, so anyone can open an estate agency…although this can be something which if this were in my capability to change, I might. So, no governing bodies signifies that there is absolutely no protection for just about any buyer as well as seller. It could be…and often is…a minefield, so at Tenerife Property Group we try to make everything that the uninitiated buyer or seller has to do or know as easy to access as you can.
, possibly even illegally taking details and photographs of properties off their agents websites, showing a home to some prospective buyer and waiting for the commission cheques to roll in. Add to that the fact that we all drive large, posh cars, sit in a pub most of the day and leave just to possess a round of golf to ensure that we get home over time for that British soaps on TV.
As being a self-employed estate agent, I pay my taxes to Hacienda, the Spanish tax office. In addition, i charge IGIC – Canarian VAT which generally speaking, after having a little negotiation using the vendor is commonly included in the commission fee charged instead of on top, which in turn implies that the entire amount of the commission fee is not really paid in my opinion, 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 in most cases you will find good public services.
Of course, being self employed, I have to also pay my own Security contributions but maybe one of the greatest reasons for being self-employed is definitely the risk i take each day that I may well not receive an email from an interested buyer or seller, I may not sell a property for any month or two and then I may struggle to afford my office rent or advertising costs nor the aforementioned taxes and Social Security contributions.
We assist buyers with meetings with their chosen lawyer, help in opening banks accounts, attend the completion of the sale at the notary office, assisting the vendor using the paperwork that they are required to offer their sale. It doesn’t always stop there either, we often help when things are essental to the brand new owner if they are unsure about which place to go get repairs done or even to buy things for their new property and I should point out that that also doesn’t include the designing, building, updating and marketing of varied websites which to market properties for your vendors and the fee for other marketing efforts.
There’s hardly any point about going on about how exactly many properties may be proven to prospective buyers and do not bought and in addition which not all potential sales don’t figure out, although we’ve done a whole load of work.
I won’t enter into detail regarding how, through email marketing and website presence, I have were able to match a buyer and seller and properly sell a home simply for some unscrupulous buyer and seller to try to perform the deal behind my back and hope i won’t discover therefore, through absolutely no fault of my own, attempting 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 particular industry, I prefer to be self employed and really, if I didn’t want it or I figured it was unfair, i wouldn’t do it – but I’d the same as many people to realise that it’s not as simple as they believe it is and taking the 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 time with my family…say’s he, writing this article on the Sunday evening…well I actually have been cleaning my big posh car, spent your day within the pub, played golf and watched Eastenders all week, and so i ought to do something I guess…
Many people don’t understand that when I awaken each day, I am just effectively unemployed and this I’ll need to get on and do somehting on that day to at the very least get the ball rolling to achieve potential customers for my sellers snhrhp to realise that I’m still working or performing a viewing on a weekend or possibly in the evening and they’re sipping their glass of Chardonnay on the balcony.
To boil it down, I actually have no reason at all to become apologetic nor embarrassed and I’m thrilled to describe my commission fees to anyone who asks and that i am very happy to defend the position of the honest, tax paying estate agent in Spain, which you may still find several people. No property seller needs to engage the services of an estate agent, as is also borne out by the many “Se Vende” signs one sees everywhere, but if they would like to raise the profile of their property and have a better probability of selling it, then currently, we are an essential evil.