Valuation costs

Not yet Roy, it's only been listed 2 weeks. What do you recon.

I reckon that it is stupid to allow 2 agents to market my property at TOTALLY different prices and that it will put buyers off

I also reckon that it is stupid, if yiu are actually trying to sell a property of that value, to send an agent a 10 year old discription and photos, if you are actually serious about selling

But Roy.    This is what the agents told the seller to do......why call the seller stupid?

I reckon you two should sort this out through PM before you bring the agent professionals into disrepute ha

No not at all, if you decide to sell a property there are plenty of good, professional agents out there and as I explained to Kevin you need to almost interview them, as you would do in the UK

If you want to send agents your property to sell, without actually controlling things then yes that is stupid, either you are serious about selling your property or not

By the way Jack is probably on a wind up god bless him, so not so stupid

Inspectahome 

IF the system works is half the problem

It is still not mandatory and should not be necessary to have a deposit and it is a contract between the seller and the buyer therefore optional 

As I say the system works very well in the UK without deposits and I see no reason why a deposit should be forced or the norm in spainit is only the solicities banks and estate agents who push this as the norm

These are both big professional agents. Surely the whole idea for using them or any agent is because they are experts and professionals. You must trust what they say and do as they say or else you would be stupid (or would you).

Roy I was only checking what I described is normal and the way things are done in Spain. I can PM both agents with my property listing if that’s allowed. I am not on any wind up, I have only followed the instructions given by your industry profestional experts.

OK here we go but there is enough information given on the way that the system works around the internet

Resale Property The buyer finds a property, agrees a price, reserves the property by paying a deposit, lawyer check ths property will retaining the deposit, checks the status and details, both buyers and sellers lawyers create sales contract with agreed price and proposed completion date. If buyers or seller then pulls out then they loose deposit, simple it works, hundreds of times every month

New Build buyers and developer agree price and deposit terms, buyers pays deposit, lawyer keeps deposit, checks contracts, both parties sign contracts with agreed completion dates, and staged paymments. If buyer puls out developer keeps deposit, if developer fails money covered by bank guarntee

Jack if they have not even visited the property, seen the paperwork or given you are sales advice sorry they are hardly professional agents

Question how do they arrange viewings, do they have your keys, do you have a contract, how are they marketing the property

Often you will get better advice from a local listimg agent, somebody that actually knows the area and has people going into their offices looking for properties

The minimum tbat you should ensure is that ALL parties are selling the property at the same offer price 

Roy, a query.... if, after a deposit is paid the buyer fails to complete is the property consider  sold thereby legally entitling agents to their commission being paid in full ?

Depends on the contract that you have with the agent but in our case no we don't get any commission until the property is sold and completed,  because our money comes 100% from the seller, on completion

Same situation with a developer they keep 100% of the miney paid if the buyer pulls out and I had a recnt situation where a buyers lost €10k

The deposit is really compensation for the seller and in our case transferred to the sellers bank account or their lawyers as soon as possible aafter the sales contract is signed

Now I have seen a contract when an agent was trying to claim an adminstration fee if the sales didn't go through, not one of our terms

Happened to a friend so no idea what contract they had signed but agents were insistent they be paid as they considered property sold. They then negotiated a new contract to re market property!!

So it is a case of vendor beware especially if agents are high profile and ply their trade in well known popular English holiday resorts in southern Spain. 

Many thanks, Roy,  for your speedy  and informative reply.

IF the system works is half the problem

It is still not mandatory and should not be necessary to have a deposit and it is a contract between the seller and the buyer therefore optional 

As I say the system works very well in the UK without deposits and I see no reason why a deposit should be forced or the norm in spainit is only the solicities banks and estate agents who push this as the norm

Thats just it Steve C, in the UK it doesn't work that well, many viewers on your house for sale are day dreamers who have no intentions of buying, maybe to see your decor etc, who knows what.

Asking, and getting a deposit would be a good thing, after all you could put in reasonable clauses via your solicitor agreed by both,  but it could, and  should stop the wasters who haven't put their own house on the market, never inquired if they could even get a loan, or just out for the day.

The UK is very bad when it comes to selling your house, even up to signing the contract, waste 3/5 months only to be let down at the last moment isn't any fun for all concerned. I think Scotland still has the deposit basis and hard to back out, they still sell houses so it could work here in the UK.

Spain works well with the deposit system, at least it has for me.

Thank you Roy, both agents have all my phone numbers, so I assume they will contact me for me to do any show rounds, I don’t really mind and the agent maybe busy with more important things.

You seem to think both these agents are not professional, but their sites say they are the biggest and top professionals in Spain, how can they make these claims if what they say is lies?.

Is there a grading system and customer review system for estate agents like tripadvisor?.

You do not have to answer if you do not want.

You seem to think both these agents are not professional, but their sites say they are the biggest and top professionals in Spain, how can they make these claims if what they say is lies?.

Is'nt that a tadd over the top to say that ?

I think Jack is referring to the way these two agents dealt with his enquiry, and suggested marketing without the proper dillegence Roy is promoting.   Then they are claiming to be the best on their sites John.

Baz is right, there are many time wasting visitors looking at houses on the market.  I guess this is just the same as people wandering around car showrooms, furniture shops and even little gift shops without actually buying or even intending to buy.

When your making the largest purchase of your life (for pretty much all people) in a house, its not something you can do without being absolutely sure its the right thing to do.  I really think you should expect the height of professionalism in all that work on your behalf and all involved in the selling and conveyance process.

I dont think anyone has money to 'donate' to the seller by way of deposit while you weigh up the options of the property, and you have to accept the property stays on the market until the contract is drawn up. 

The fact it takes a long time for a domestic property sale to be concluded is because it has to be absolutely correctly conveyed and no chance of any 'unforseen difficulties' after the purchase.  Anything mis-sold or improperly conveyed should be part of an action that sues the agent or the solicitor in my opinion.

Scotland can be held an example because they kept the 'home information pack' for house selling, when the tories abolished it south of the border.  Having all the required documents, titles, registry, searches and surveys ready to go when marketed meant that a house can be sold quickly when anyone chooses to buy.

There is not only the people who visit and waste time, there are people who put the house on the market to see what they can get, then withdraw and tootle off and borrow money against it.

Hey Jack I have ths great car for sales, 6 months old, 14K, yours for €1k do you want it but cannot find the registration paperwork and just ignore the Hertz sticker

So just to explain one of the most basic checks that a PROFESSIONAL agent carries out, before they agree to list, is proof that they actually own the property, that they can actually sell the property and if the agent hasn't carried out these checks, before listing, or even got you to sign a contract then yes, they are a bunch of cowboys

I can say that i am a 25 year old 6ft 4 blonde adonis, but I am not

Still believe that you on a wind up

""..........and the agent maybe busy with more important things".....

HOW can an agent have more important things to do than make a killing attempting to sell your property...THAT is the most hilarious joke I have seen for ages on any forum....😀😀😀😀😀

Brian  The fact it takes a long time for a domestic property sale to be concluded

Unless there are obscure matters to discover, there is no reason why a transaction should take all that long.  When I last sold in UK, I prepared everything that was needed beforehand.   When the buyer was found he wanted to proceed quickly. 

I spoke to my solicitor who explained there was a delay in getting the searches. I called the council who said they had not been told to do it quickly.  They agreed that could go to the office to collect the searches, as the copy they had was not suitable to email,

I i went to the council office, collected the search and delivered it withon a hour to the buyer’s solicitor. Later that day the buyers solicitor accepted the searches and the sale proceeded that day.

When I got my bill from my foot dragging solicitor, no doubt intent to justify his high fees, I had to pay extra for the speedy completion. Which as I said was due to my efforts.

In Spain, providing the search at Property Registry, and the other confirmations are not delayed, the whole matter can be conveyed in a few days.

Sorry to be cynical, but when one employs a lawyer, expect delays, as I said to justify their high fees

In UK most conveyance work  is done by a junior clerk in the office as it is not complicated. That is why specialist conyancers can do it so cheaply.

Hello Roy

I don’t think your sarcastic comments become you as a professional estate agent. You seem to be using this forum as an advertising platform to promote how you are the only honest and trustworthy agent in Spain (Costa Blanca). You may well be, I have no idea, but insulting me is not an endorsement. What I have posted is absolute true fact. I noticed you list your website, so I will ask you again ‘’do you want me to email my property as listed by these 2 agents?’’.

Roy, it seems when you have no answers to someone’s question, you insult their integrity. 

Jack EOS NON VIP