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Estate Agent and Solicitor fees

Posted: Thu Jan 25, 2018 8:08pm
6 replies60 views4 members subscribed
JMB

Posts: 4

Location: Los Cristianos

Joined: 7 Dec 2017

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

Posted: Fri Jan 26, 2018 3:22pm

Posts: 11

2 helpful points

Location: Los Cristianos

Joined: 31 Dec 2016

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

Posted: Fri Jan 26, 2018 5:52pm

JMB

Original Poster

Posts: 4

Location: Los Cristianos

Joined: 7 Dec 2017

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

Posted: Fri Jan 26, 2018 5:55pm

JMB

Original Poster

Posts: 4

Location: Los Cristianos

Joined: 7 Dec 2017

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

Posted: Fri Jan 26, 2018 6:56pm

Posts: 11

2 helpful points

Location: Los Cristianos

Joined: 31 Dec 2016

Posted: Fri Jan 26, 2018 6:56pm

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

Avril 77

Posted: Sun Oct 27, 2019 11:34am

Posts: 2

Joined: 25 Oct 2019

Posted: Sun Oct 27, 2019 11:34am

Hi

Try No

Pat69

Posted: Sun Oct 27, 2019 12:49pm

Posts: 5

Location: Los Cristianos

Joined: 10 Feb 2019

Posted: Sun Oct 27, 2019 12:49pm

Hi.
Yes you pay for your fees only. 

The buyer pays their own. 

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