Learn how new techniques can help you to sell your property fast and efficiently.
Selling your property is of course one the most important, and possibly one of the most stressful experiences that you will face in your life. But it doesn’t have to be. There are new and more efficient ways to selling your house, that not only give you more control of the process, but can also save you thousands in agency fees. More on that in a moment.
Anyone with an insight to Spanish property, particularly on the Costa del Sol, will tell you that there are too many estate agents. The deregulation of the market and the number of new properties being constructed, has led to a massive growth of estate agents all competing for your property listing and more importantly for you, that agency fee.
Agency fees do vary depending on the type of property and the location, but it´s quite typical for an agent to charge 5% of the house sales price, and this is subject to VAT (IVA), so it´s more like 6%. That´s a hefty fee, but perhaps worth paying if you can sell quickly at your desired asking price? But the reality is that often, neither of these two criteria are met for different reasons. Estate agents will justify this fee as they have to share this commission with other agents who market your property, essentially sharing your property listing to get more exposure and marketing coverage. But you still pay the 5% fee.
The key of course is finding the right buyer who is willing to pay your asking price. So, it´s important to understand the buying habits in today´s market. As with all sectors of business the internet has transformed the way potential buyers look for properties. Today’s buyers don’t trawl the streets of estate agents anymore but start their search, from their home country, on the internet. So, if your property is advertised with one or more agents you have to hope that the buyer finds your agent online and then finds your property listing.
There are better ways to make your property listing notice with the increase in the use of property portals as Idealist. The portals are where the main agents will announce their properties, but they have to pay for this advertising, so they decide what properties they will include here. The main portals (Zoopla, Idealista, Prime Location, A Place in the Sun, etc.) receive more than 75 million visits per month from potential buyers, so anyone who takes the sale of their home seriously should include Your home here.
MyNido makes a difference
The services offered by MyNido give you the opportunity to sell your home in all these portals for a very low fixed rate and without commissions on the sale price. Many potential buyers will see your home more than with a regular real estate agent and, as everything is online, you have direct access to the list and can modify it at any time. For more information on how to sell your home quickly and efficiently, visit our website or contact us for more information.