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Estate Agent and Solicitor fees

Posted: Thu Jan 25, 2018 8:08pm
4 replies20 views2 members subscribed
JMB

JMB

Posts: 4

Location: Los Cristianos

We looking to sell our existing apartment and buy another property in the region of 180,000 Euro and wondered what sort of charges the Estate Agent and Solicitor are likely to make and who pays these fees. I have been told that the procedure in Tenerife is somewhat different to the UK.

Can anyone advise us of the procedure in Tenerife? 

Many thanks.

Nice furniture

Fri Jan 26, 2018 3:22pm

Posts: 11

Location: Los Cristianos

2 helpful posts

Posted: Fri Jan 26, 2018 3:22pm

In Tenerife the seller pays lawyer and agent. However I have had dealings with Sue in Los Cristianos Properties and they handle the legal fees without charge. The agent fee is normally 5%. 

If you are selling in Tenerife the price will be €180,000 plus 5%. So the sale price is €189,000. 

If you are buying and the price is €180,000 that will include the agents fees. If you purchase through Sue in Los Cristianos Properties you will have no fees. 

Hope this helps

JMB

JMB

Original Poster

Fri Jan 26, 2018 5:52pm

Posts: 4

Location: Los Cristianos

Posted: Fri Jan 26, 2018 5:52pm

Thank you for your reply and information. Can you help me a little further, does this mean I pay for my sale only, not the buyers fees?

Kind regards

JMB

JMB

Original Poster

Fri Jan 26, 2018 5:55pm

Posts: 4

Location: Los Cristianos

Posted: Fri Jan 26, 2018 5:55pm

Nice furniture wrote on Fri Jan 26, 2018 3:22pm:

In Tenerife the seller pays lawyer and agent. However I have had dealings with Sue in Los Cristianos Properties and they handle the legal fees without charge. The agent fee is normally 5%. 

If you are selling in Tenerife the price will be €180,000 plus 5%. So the sale price is €189,000. 

If you are buying and the price is €180,000 that will include the agents fees. If you purchase through Sue in Los Cristianos Properties you will have no fees. 

Hope this helps

Thank you for your reply and information. Can you help me a little further, does this mean I pay for my sale only, not the buyers fees?

Kind regards


Nice furniture

Fri Jan 26, 2018 6:56pm

Posts: 11

Location: Los Cristianos

2 helpful posts

Posted: Fri Jan 26, 2018 6:56pm

Only your sale. You pay nothing for the buyer but the buyer pays nothing to agent 

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