Estate Agents Commission On Costa Blanca South Spain?
If you are looking to buy property in the Costa Blanca, Spain then you will almost certainly need to find a list of Costa Blanca real estate agents. Our list of estate agents also helps if you are looking to find properties for sale or rent, or if you are wanting to sell your own property.
- This page will give you a directory of estate agents in Costa Blanca and explain what estate agents based on Spain’s Costa Blanca do;
- The Costa Blanca is a fantastic place to buy a property whether you want to buy a property for a holiday home or whether you intend to live in the Costa Blanca;
Estate agents on the Costa Blanca are also known as inmobiliaria so when searching on the Internet for estate agents also try typing in Costa Blanca inmobiliaria and you will get a lot more local Spanish estate agents turn up in your property search. One thing you must beware of, is the fact that in Spain there are no laws regulating estate agents.
- There are two professional organisations that estate agencies can join;
- These require that members take examinations;
- Although no guarantee, it obviously helps to check if your estate agent is a member of these two organisations: API (Agente de la Propiedad Inmobiliaria) and GIPE (Gestor Intermediario de Promociones y Edificaciones);
Estate agents in Costa Blanca operate differently as opposed to countries such as the United Kingdom. In the United Kingdom you have to trawl from one estate agent to the next and each has their own unique properties for sale. This is very time consuming.
- Costa Blanca estate agents and inmobiliaria have their own unique properties for sale but they can also show you other properties on sale from other agents;
- If you want to buy a property in Costa Blanca – the two agents will split the commission so the property you want to buy won’t cost you anything more;
Try going to an estate agent that you can feel comfortable with. Explain as specifically as you can what sort of properties and features you are looking for. View some properties and you should find that by the end of the day the agent will have more of an exact idea what to show you next as you give valuable feedback.
- Now if you started the next day with a different Costa Blanca estate agent you would be back at the start of the process again;
- If you see too many properties, by the end you will have forgotten most of them and be totally confused – try research beforehand and narrow down exactly what type of house you are looking for so you can be more focused and view fewer properties;
If the Costa Blanca estate agent shows you unsuitable properties then don’t waste your time – go to another agent in Costa Blanca and start again. Look for a Costa Blanca estate agent that takes time to listen to what you are looking for and who does not just try to push inappropriate properties for sale.
Remember to go on your instincts. Buy what YOU want to buy. Of course you should listen to advice as they know the local area and know the Costa Blanca property market inside out but ultimately it is your decision on whether to buy a property.
Don’t be swayed by an agent who is looking to influence you unduly in order to make the sale. Estate agents in Costa Blanca will view a property and give a guideline at which price to market the property however ultimately the owners decide at which price to sell the property for and some unrealistically overprice their houses.
- Agents in Costa Blanca charge different commissions, expect typically to pay between 3% and 5%;
- If you are looking to sell your property in Costa Blanca then we recommend going for an estate agent with an office in a busy location;
An agent with an office demonstrates a degree of credibility and ensures they will have passing traffic. They will naturally also have an Internet presence also. Many estate agents in Costa Blanca will also have houses and apartments for rent in Costa Blanca.
- Do consider a long term let or rental in Costa Blanca or rent a villa or apartment in Costa Blanca as a way to get to know the area first;
- Most agents should also be able to help you with these services: finding apartments for sale or rent, villas and houses for sale or rent, townhouses for sale or rent, selling your property, letting your property, information on the local area such as amenities, facilities and schools, new build properties and resales, cheap bargain properties including repossessions and distressed sales, property maintenance, valuations, luxury properties, property finding services and arranging mortgage financing, Some agents will also handle commercial property such as shops to let or lease, bars and restaurants for sale and land for sale;
Below are a list of all the individual estate agents pages we have within our site for all the towns we feature on the Costa Blanca: Estate Agents in Costa Blanca – Page Summary – This page contains unique content about estate agents (known in Spain as inmobiliaria) in the Costa Blanca area of Spain as well as a directory of known estate agents in order to help people looking to let or buy property in the Costa Blanca area.
What is real estate commission in Spain?
Amount of real estate agent’s commissions – The amount of the real estate agent’s commission depends on the type of agency. Traditionally, real estate agents charge from 3 to 7% of the apartment price. Some agencies define, for example, a flat commission of 5% for all properties regardless of their characteristics.
Others determine the commission based on the property’s location, its condition, and the selling price. Online agencies are cheaper than traditional ones. Their rates range from 1,000 to 2,000 euros if paid at the beginning of the sale, and from 4,000 to 8,000 euros upon payment of a deposit agreement, depending on the selling price of the apartment.
For online real estate, the commission is between 1,000 and 2,000 euros. Some real estate agents also charge the buyer about 3% of the property price.
What are the fees for selling a house in Spain?
How much do solicitors charge for selling house in Spain?
Withholding of 3% of the price In property conveyance, obtaining a gain is considered as taxable income. The gain is determined by the difference between the conveyance value and the acquisition value. When the seller is a natural or legal person that is not resident in Spain, the acquirer is under obligation to withhold a percentage of the purchase price, a percentage which is set by law and at this moment in time is fixed at 3%, and the acquirer must pay this sum to the Spanish Treasury within a maximum period of one month, by way of a down-payment for any possible increase in the seller’s equity.
- When a loss of equity is produced or when the amount of the withholding is greater than the amount the seller must pay in Capital Gain Tax, a refund can be requested by submitting a specific form for this purpose to the Spanish Tax Office;
If the Spanish Tax Authorities do not challenge the values recorded in the statement or open an inspection, the withheld amounts (or those paid in excess) will be paid back in a period of approximately ten months as from the date of sale. Nevertheless, for the Tax Authorities to authorise a refund, the tax payers must have submitted their annual income returns as a non-resident and be up-to-date with all payments.
As part of the services we provide to the seller, and at no additional cost, at Vicente & Otaolaurruchi we will submit your tax returns, request any refunds that may apply, and represent you before the Tax Authorities should they require any further information.
Plusvalía Tax This is a municipal tax that is calculated on the basis of the increase in value of the land on which the property is located. The law holds that the Plusvalía Tax must be paid by the seller. The factors determining its amount will vary from one Town Hall to another, but they mainly come to the location and surface area of the plot of land, the percentage of mutual share and the years that have passed since the last conveyance.
- Lawyers’ fees In general, they come to 1% of the sale price, plus current VAT;
- These fees must be agreed at the start of the contractual relationship and not increase throughout that relationship, except where the initial assignment undergoes considerable modifications at the client’s express request;
The lawyer’s professional fees are an expense that can be deducted when calculating the Capital Gain Tax associated with the sale. Our lawyers do not charge by the hour or number of meetings, for documents and communications sent, or for visits, as experience has shown us that, in those cases, if we applied the rates recommended by the Bar Association, the costs for the client would rise considerably.
- Our minimum fee in any case would amount to 1;
- 500 Euros plus VAT;
- Estate agents’ fees These usually range from 4% to 7% of the sale price, plus VAT at the current rate of 21%;
- The estate agent’s commission is paid when the deed is signed, once the total sale price has been received;
This cost can also be deducted when calculating the taxable Capital Gain. Capital Gain Tax As we have already mentioned, the gain obtained through property conveyance is considered as taxable income. The current rate is 19% for residents in any of the countries of the European Union, plus Iceland and Norway.
- The rate goes up to 24% for tax payers resident in the rest of the countries;
- The net profit is basically obtained by calculating the difference between the purchase and sale prices, which the deductible expenses will already have been added to and subtracted from, respectively;
Application of a corrective index (indexation) to the resulting purchase value was abolished as from 1 January 2015. For homes acquired before 31 December 1994 there is a special transitional arrangement that enables certain reductions to be applied when calculating the CGT.
- You can read more about it in this entry of our blog Energy performance certificate In compliance with European directives on energy and environmental issues, the owners of existing homes must provide potential buyers with the property’s energy performance certificate, which must be issued by a qualified technician;
The following, among others, are excluded from this regulation’s scope of application: a) Properties with a useful surface area below 50 m 2. b) Properties that are used for less than four months a year, or which are inhabited for a longer period of time, but whose energy consumption does not reach 25 % of what its use would normally be for a whole year.
Do you still have queries on this subject? Have a look in the FAQs about sale of real estate in Spain. Previous: How to sell a property in Spain Go to page: 1 2 Page 2/2 × Vicente & Otaolaurruchi uses cookies from Google Analytics to collect anonymous statistics about navigation on this Web.
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Do buyers pay estate agent fees in Spain?
Home – News – Who pays real estate agent commission fees? Seller or Buyer? 
Who pays real estate agent commission fees in Spain? Seller or Buyer? This is one of the most basic questions that customers want to know when buying property in Spain. First of all, it should be noted that in Spain real estate brokerage is not regulated. In other words, anyone can freely open a real estate agency without any special requirements. 
Therefore, only work with serious, professional, accredited companies registered in the official school of real estate agents (API). API is the maximum guarantee for the successful development of any real estate transaction. Grupo Terrasun is a professional company with accreditation API Alicante (Colegiado nº 1002) 
So who pays real estate agent commission fees ? In Spain, the commission is almost always paid by the Seller. The buyer does not have to pay a commission to the real estate agency. According to a study conducted by Witei, which analyzed 1,000 agencies in Spain, the conclusion is that 82. 5% of real estate agencies charge a commission on the Seller and only 12. 5% on both sides (Buyer and Seller).
While this is true, there are always exceptions. There may be times when the Seller does not want to pay for brokerage services of a real estate agency, but if the property you have chosen is ideal and you do not want to lose it, an agreement may be reached whereby the Buyer pays for the services of a real estate agency.
In Group Terrasun, we have our own base of more than 2000 real estate objects, both primary and secondary markets, without paying a commission by the Buyer. Contact us and we will help you find your dream home in Spain. +34 696 971 798 info@grupoterrasun. com 
Read also Spain for the third consecutive time recognized as the best tourist country in the world. 27. 01. 2020 At the World Economic Forum, the report “Report on Competitiveness in Travel and Tourism 2019” was published, in which Spain topped the list of 140 countries for the third time. Then in the ranking go France, Germany, Japan, Great Britain, United States, Australia, etc. International fair of Kiev. 05. 08. 2019 Outstanding presence of GRUPO TERRASUN, represented by Mr. Jesús María Sola, together with his partner DEYCO, at the fair held in Kiev from November 21 to 23,. Why do Europeans move to Spain? 23. 07. 2021 The Covid-19 pandemic has had a direct impact on immigration trends in the EU. More and more Europeans, including British citizens, are choosing Spain as their new home for many reasons. During quarantine restrictions imposed in different countries almost simultaneously, most private companies have moved their employees to work remotely.
How do estate agents work in Spain?
How much do real estate agents in Spain charge? – Estate agents in Spain usually charge the vendor a commission, though in some cases they charge both the buyer and seller a fee. Commissions vary by region and type of property, and over time. In the boom years agents could earn up to 35% on new developments in cheaper areas, but in most cases agents will earn between 1.
What is the fastest way to sell a house in Spain?
Did you know that 92% of buyers use the Internet to search for homes? If you’re planning to sell a property in Spain and advertise on an online portal such as idealista, one of the keys to selling your house quickly on the internet is to promote the sale effectively.
Who pays notary fees in Spain?
Notary fees – The buyer normally pays the notary fees, which are usually around 0. 5-1% of the purchase price.
What taxes do you pay when buying a house in Spain?
What is property transfer tax in Spain?
A transfer tax, which is usually 6% to 11%, depending on the region, is generally levied on inter vivos transfers, including real estate transfers and real estate leases that are exempt from VAT.
How much does a realtor make in Spain?
How much money does a Real Estate Agent make in Spain? – Average Monthly Salary 2,510 EUR ( 30,100 EUR yearly) LOW 1,230 EUR AVERAGE 2,510 EUR HIGH 3,910 EUR A person working as a Real Estate Agent in Spain typically earns around 2,510 EUR per month. Salaries range from 1,230 EUR (lowest) to 3,910 EUR (highest). This is the average monthly salary including housing, transport, and other benefits. Real Estate Agent salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Who pays notary fees in Spain?
Notary fees – The buyer normally pays the notary fees, which are usually around 0. 5-1% of the purchase price.
Are estate agents regulated in Spain?
According to article 3 of Royal Decree-Law 4/2000 of June 23 and 10/2003, the trade or business of being an estate agent in Spain is not officially regulated and is an independent profession, meaning that you do not need a special license or degree to be an estate agent in Spain.