The truth about real estate without commissions

For a few years, there are new real estate agencies in the market that ensure they do not charge commissions for the sale of a floor, or the buyer or the seller

The truth about real estate without commissions

For a few years, there are new real estate agencies in the market that ensure they do not charge commissions for the sale of a floor, or the buyer or the seller. But how is this possible? Are you free real estate? From the financial comparator HelpmyCash.com respond to this concern.

Real estate without commissions do exist, but they are not free. By definition, a commission is the "percentage that perceives an agent on the product of a sale". In the real estate market, traditional agencies have always worked under the commission model. In general, these offer their services to sell an apartment in exchange for fees ranging between 3% and 7% of the sale price. Even, they have been able to verify from HelpmyCash, many also charge a percentage of commission to the buyer who, in a general way, around 3%. Thus, the total cost of purchase steps, sometimes reaches up to 10% of the price of housing, amount that is high for many vendors and buyers.

In this context, the new real estate agents, which began to appear around 2016 in Spain, wanted to differentiate themselves from the traditional ones through their rates: the plans of online agencies are up to 80% cheaper. But it is not only the price the differential value of these agencies, but also characterized by offering a certain series of services at a fixed price.

For all this, it is said that online real estate ones do not charge commissions. Returning the previous definition, these agencies do not perceive a percentage about the sale product, but they are not free: they charge a fixed fee that is determined at the beginning of the process. For example, the sale of a property of 200,000 euros could cost around 5,000 euros, depending on the digital real estate agency that is chosen.

Mainly, online real estate are cheaper because they digitized the sale of the floors. This allows you to have offices distributed by cities, as with real estate franchises, and costs are reduced. In addition, its services are more limited: almost all propose that it be the seller who is responsible for visits and who manages certain documents, such as the habitability card or the energy certificate, ensure from HelpmyCash.

In this way, the Inlinesin Commissions agencies propose a new way of selling a floor, which serves sellers who are most familiar with the digital environment, conclude from HelpmyCash. In this sense, although saving is an attraction at the time of choosing, it is important to know in detail how online agencies work before deciding to hire them.

Updated Date: 20 September 2021, 23:40

You need to login to comment.

Please register or login.

RELATED NEWS