Peanuts74
2017-10-25 12:13:28
- #1
It should actually be clear to everyone that such commissions, especially when calculated as a percentage, are always a mixed calculation. Of course, one can say that if a customer is already present and maybe 1-2 viewings are done, then around €12,000 is more than well paid. Unfortunately, I have no idea how you come to around 16,000. 3% of €400,000 is €12,000, the 0.57 is tax, which only the state gets for doing nothing. The €12,000 still have to be taxed, meaning maybe around €7,000 remain, if there were no costs for ads, office, employees, advertising, etc. As said, if you sell such a property quickly, it is definitely a good deal, but that does not happen every day. Apart from that, real money is rather earned with larger investment properties, where the commission quickly reaches the mid six-figure range, and since there are only very few interested parties/buyers here, the actual time spent on viewings is even significantly less. In contrast, people who have been offering their junk property for a long time often call. These have often been offered to death, with dozens of different prices, etc. There are tear-down houses in the middle of nowhere, where even the land is "worth nothing" because the municipality practically gives away building plots so that people stay in the village. These "houses" then cost around €50,000, and you already know that no one actually buys them. However, if you offer it, many people still arrange viewings, so you only have costs and effort, but in the end nothing comes of it. Ok, I don’t even take on such houses, but there is also something in between, meaning where you might have an hourly wage between €10 and €20 when you convert the invested time and costs, but only if the property is sold. Everyone simply has to decide for themselves, but what harm does a general contract do, where you can continue to sell the house yourself without any costs? I would ALWAYS conclude this because the agent has more potential customers who might then pay a correspondingly higher price, so that in the end you as the seller still make a better deal.