In this article, we will present you the main characteristics in which Rosperty Real Estate differs from the vast majority of real estate agencies. The data that we will provide is based on studies carried out by experts in the field of real estate, so its veracity can be easily verified by anyone.
The real estate commission is the amount of money that an agency charges for its brokerage services. In other words, it is what you will have to pay to manage the sale or rental of your home. Although it is not regulated by law, all sellers sign a real estate brokerage contract at the time of contracting their services. This details what fees the real estate agency will charge for the sale and when you will have to pay them.
How much does a real estate agent charge for the sale of a flat?
- Between 3% and 7% of the sale price of the apartment, if you hire a traditional agency.
- Between 4.000 and 8.000 euros if you choose a payment rate for the sale of an online agency.
- Between 1.000 and 2.000 euros if you choose a prepaid rate from an online real estate agency.
- Additional commission: some real estate agents also charge 3% to the buyer.
Traditional real estate agencies charge between 3% and 7% of the price of the apartment as a commission for the sale. Some agencies determine, for example, a fixed commission of 5% for all properties, regardless of their characteristics. Others define the commission based on the location of the house, its state of conservation and its sale price.
When are the real estate fees paid for the sale?
The moment in which the real estate commission is paid depends on the type of agency and the rate you choose to sell your flat:
Traditional real estate: they usually charge the commission at the time the deed of sale is signed. However, many charge 50% of the fees with the signing of the deposit and the other 50% at the signing of the deed.
Real estate commissions in the sale: real examples
We investigate the most important real estate agencies in Spain to find out how much commission they charge on the sale of a flat. Here is the result:
Tecnocasa: Tecnocasa usually charges 6% of the price of the house plus VAT. In addition, it charges 3% to the buyer.
Redpiso: Redpiso usually charges a 5% commission plus VAT. In principle, only the seller pays, but the agency also offers to share these fees with the buyer.
Engel & Völkers: Engel & Völkers charges a 6% commission to the seller and does not charge the buyer.
Housfy: Housfy charges a fee of 4.490 euros, although these may vary depending on the price of the home and the term of exclusivity. In addition, it charges fees to the buyer.
IMPORTANT. This information comes from research carried out by HelpMyCash.com. However, commissions may vary from one agency to another, mainly in the case of franchises, such as Tecnocasa or Engel & Völkers.
It is also very important to remember that, in most cases, to hire an agency, you will have to sign an exclusive contract, therefore, What is a real estate exclusivity contract? The real estate exclusivity contract It is an agreement that is formalized in real estate agencies that establishes that the owner of the home (seller) exclusively assigns the rights to sell his property for a certain time to the agency in question. In other words, you will not be able to make any movement on your own with respect to your property once said contract has been signed. For example, if you somehow find a way to sell your property through other means than that agency with which you have signed the exclusivity, you would still have to pay the amount of money established for the commission and bear any other consequence established in the deal.
Dicho todo esto, What is the method that differentiates Rosperty from most real estate agencies? We will describe it below so that everyone can understand it in 3 simple steps, but of the utmost importance:
- We have the lowest commission you can find in the real estate market (according to our research): only 2%.
- There is no need to sign any kind of exclusivity contract. We do our job in the best possible way to make the sales process as easy as possible, but that does not mean that you will be forced to be tied to us in any way.
- The moment of payment of the commission is when the deed of sale is signed (let’s not forget that many other agencies ask for half of the commission beforehand).
