The primary difference here in Tenerife is the fact that there are almost no properties on an exclusive basis with agents and therefore there are several property sales that will get shared between agents and therefore each office ends up with 2.5% of the commission. What the agent does for their money is also very different to the UK agent as well though.”
As anyone that knows anything about estate agents in Agent in Tenerife will know, there are no national governing bodies, so anyone can open an estate agency…although this really is something that when it were inside my capability to change, I would. So, no governing bodies implies that there is not any protection for just about any buyer as well as seller. It could be…and very often is…a minefield, so at Tenerife Property Group we make an effort to make everything that the uninitiated buyer or seller must do or termed as easy to access as possible.
, maybe even illegally taking details and photographs of properties using their company agents websites, showing a home to your prospective buyer and waiting around for the commission cheques to roll in. Additionally the reality that most of us drive large, posh cars, sit in a pub a lot of the day leaving just to possess a round of golf to make certain that we get home in time for the British soaps on television.
As a self-employed estate agent, I pay my taxes to Hacienda, the Spanish tax office. Furthermore, i charge IGIC – Canarian VAT which in most cases, following a little negotiation with the vendor tends to be included within the commission fee charged rather than at the top, which implies that the complete quantity of the commission fee is not really paid to me, instead quite an amount gets paid towards the government. I truly don’t mind this in any way because I live in a fantastic country, on a beautiful island where generally speaking you can find good public services.
Needless to say, being self-employed, I have to also pay my very own Security contributions but maybe one of the greatest reasons for being self-employed will be the risk which i take every single day which i may not have an email from an interested buyer or seller, I may not sell a property to get a month or two and after that 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 using their chosen lawyer, assist in opening banks accounts, attend the completion from the sale on the notary office, assisting the owner with all the paperwork they are necessary to provide for their sale. It doesn’t always stop there either, we frequently help when situations are required by the brand new owner when they are unsure about where to go get repairs done or even to buy things for their new property and that i should mention that that also doesn’t are the designing, building, updating and marketing of varied websites which to advertise properties for your vendors and the cost of other marketing efforts.
There’s very little point about happening about how many properties could be demonstrated to prospective buyers and do not bought and in addition which not all potential sales don’t exercise, although we’ve done an entire load of work.
I won’t get into detail about how exactly, through e-mail marketing and website presence, I actually have were able to match a buyer and seller and effectively sell a property just for some unscrupulous buyer and seller to try and do the deal behind my back and hope which i won’t discover therefore, through absolutely no fault of my own, attempting to cause me to earn nothing.
Honestly, I don’t expect one to feel sorry for me…far from it, I choose to be in this industry, I prefer to be self-employed and incredibly, basically if i didn’t enjoy it or I figured that it was unfair, then I wouldn’t be doing it – but I’d much like some individuals to realise that it’s not as basic as they believe that it is and taking the potential risk of being self-employed and marketing myself as well as the Tenerife agent doesn’t come cheap and is likely to eat into a large amount of my personal time with my family…say’s he, scripting this article on a Sunday evening…well I actually have been cleaning my big posh car, spent the day within the pub, played golf and watched Eastenders all week, so I should do something I guess…
Many people don’t understand that once i get up in the morning, I am effectively unemployed and that I’ll want to get on and do somehting that day to at the very least have the ball rolling to gain potential buyers for my sellers snhrhp to realise that I’m still working or carrying out a viewing over a weekend or possibly in the evening and they’re sipping their glass of Chardonnay on their own balcony.
To boil it down, I actually have absolutely no reason to be apologetic nor embarrassed and I’m thrilled to clarify my commission fees to anyone who asks and 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 people. No property seller must engage the expertise of an estate agent, as is borne out from the many “Se Vende” signs one sees everywhere, but when they would like to boost the profile with their property and also have a better possibility of selling it, then currently, we have been an essential evil.