The main difference here in Tenerife would be the fact there are hardly any properties on an exclusive basis with agents and as such there are lots of property sales that get shared between agents and thus each office ends up with 2.5% of the commission. Exactly what the agent does for their funds are also very different to the united kingdom agent as well though.”
As anyone who knows anything about estate agents in Property for sale knows, there are no national governing bodies, so anybody can open an estate agency…although this can be a thing that when it were within my capacity to change, I would. So, no governing bodies means that there is absolutely no protection for virtually any buyer or perhaps seller. It can be…and often is…a minefield, so at Tenerife Property Group we try to make anything that the uninitiated buyer or seller needs to do or termed as easy to access as is possible.
, possibly even illegally taking details and photographs of properties off their agents websites, showing a home to some prospective buyer and waiting around for the commission cheques to roll in. Add to that the fact that we all drive large, posh cars, sit in a pub a lot of the day and leave just to get a round of golf to make sure that we obtain home over time for the British soaps on TV.
As being a self employed estate agent, I pay my taxes to Hacienda, the Spanish tax office. I also charge IGIC – Canarian VAT which in most cases, following a little negotiation with all the vendor is commonly included in the commission fee charged as opposed to on top, which often means that the full amount of the commission fee will not be paid for me, instead quite an amount gets paid towards the government. I seriously don’t mind this at all because I live in a fantastic country, over a beautiful island where generally speaking there are good public services.
Needless to say, being self employed, I must also pay my very own Security contributions but maybe one of the biggest reasons for being self employed is the risk that I take every single day which i might not receive an email from an interested buyer or seller, I might not sell a home to get a month or two then I may not be able 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 in the sale on the notary office, assisting the owner using the paperwork they are needed to offer their sale. It doesn’t always stop there either, we very often help when situations are necessary for the brand new owner while they are unsure about what to do get repairs done or even to buy things for their new property and I should explain that that still doesn’t are the designing, building, updating and marketing of various websites where to promote properties for the vendors and the fee for other marketing efforts.
There’s very little point about taking place regarding how many properties may be shown to prospective buyers and do not bought and also that does not all potential sales don’t figure out, although we’ve done an entire load of labor.
I won’t get into detail about how, through e-mail marketing and website presence, I have was able to match a buyer and seller and successfully sell a property just for some unscrupulous buyer and seller to attempt to do the deal behind my back and hope i won’t find out therefore, through absolutely no fault of my very own, attempting to make me earn nothing.
Honestly, I don’t expect one to feel sorry for me…far as a result, I prefer to be in this particular industry, I prefer to be self-employed and extremely, basically if i didn’t enjoy it or I figured which it was unfair, then I wouldn’t do it – but I’d just like many people to realise that it’s not as easy as they believe it is and taking the potential risk of being self employed and marketing myself and the Tenerife property agents doesn’t come cheap and is likely to eat into quite a bit of my 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 day within the pub, played golf and watched Eastenders all week, and so i must do something I guess…
Lots of people don’t recognize that when I wake up each day, I am just effectively unemployed and this I’ll need to get on and do somehting on that day to a minimum of get the ball rolling to achieve possible buyers for my sellers snhrhp to realise that I’m still working or performing a viewing on the weekend or possibly later in the day and they’re sipping their glass of Chardonnay on the balcony.
To boil it down, I have absolutely no reason to be apologetic nor embarrassed and I’m thrilled to explain my commission fees to anybody that asks and I am pleased to defend the position of the honest, tax paying estate agent in Spain, of which you can still find a number of individuals. No property seller has to engage the services of an estate agent, as it is borne out from the many “Se Vende” signs one sees everywhere, but when they wish to increase the profile of their property and also have a better probability of selling it, then currently, we are a necessary evil.