It is a fact that buying property in Spain is fairly straight forward as in most other countries. However, there are additional costs that have to be taken into account. Of these, iva (VAT) at 7% has to be paid as do the legal and registration fees. These are fixed charges, amounting to up to 11% of the buying price, over which you have no control.
You can, however, save a substantial sum on the commissions charged by Estate Agents. There is no reason why you should not save these costs by dealing direct with the owner (remembering, of course, that no matter how exciting the property and price might be, proper legal advice needs to be taken before you sign or pay anything).
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Why sell your property direct?
Selling your property direct to the owner is a cost effective way to market your property successfully. Who better to SELL your home than you? You know your property and local area better than any estate agent.
Get the best price for your property
In the current climate you need to be marketing your property at a competitive price whilst still making money, for example there are two similar properties for sale both vendors valuing their property at 250,000€, one of the properties is for sale through an estate agent and is marketed at a price of 267,500€ (approx 7% commission) the second vendor decides to ¨Axe their Agent¨¨ and market their property themselves at a price of 250,000€.
As a buyer which property would you choose?
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