ᐅ Found a condominium ownership unit, notary appointment probably not before 2021. Real estate agent fee?
Created on: 19 Nov 2020 14:10
T
thesit27
Hello,
we have the opportunity to buy 2 condominiums in a 10-unit residential building. We have already viewed the properties.
The apartments are being sold through a real estate agent (about 6% commission). Now my question:
If we agree on a purchase price with the seller but the notary appointment is only scheduled for 2021, would the seller have to pay half of the agent’s commission?
Should we take our time with this?
Regards
we have the opportunity to buy 2 condominiums in a 10-unit residential building. We have already viewed the properties.
The apartments are being sold through a real estate agent (about 6% commission). Now my question:
If we agree on a purchase price with the seller but the notary appointment is only scheduled for 2021, would the seller have to pay half of the agent’s commission?
Should we take our time with this?
Regards
apokolok schrieb:
It’s always worth paying less to the brokers.
For example, the stated living area is almost never accurate.
So measure it yourself and with reference to the incorrect figure, withhold about one-third of the commission.
Most won’t take it to court. Living area figures have nothing to do with commission in house sales, rather in rental agreements.
ypg schrieb:
Living area figures have nothing to do with commission in house sales, more so in rental situations. The real estate agent must provide truthful information as far as the data available to them allows. If they knowingly or through incompetence, for example, include basement rooms or incorrectly calculate rooms with sloped ceilings, this is obviously relevant.
I saved several thousand euros during a property purchase using exactly this argument.
A
AllThumbs21 Nov 2020 16:20apokolok schrieb:
The real estate agent must provide truthful information as far as the information is available to them. If they knowingly or due to incompetence, for example, include basement rooms or miscalculate rooms with sloped ceilings, this is obviously significant.
I saved several thousand euros exactly with this argument when buying a property. Well, most listings state that the information comes from the seller and no liability is assumed. I think it’s more a matter of luck if you can still get something out of it.
apokolok schrieb:
I saved several thousand euros on a property purchase using exactly this argument.Then nobody else wanted it!
Square meters simply don't matter: either you find a buyer willing to pay that amount or you don't.
ypg schrieb:
Then no one else wanted her!
Square meters just don’t matter: either you find a buyer for a certain amount of money or you don’t. How do you come to that narrow view?
Living area as well as plot size are absolutely essential features of a property. Why should incorrect information here simply not matter? In my opinion, complete nonsense.
I managed to get the commission reduced after the purchase; lack of other interested buyers was not the issue before.
AllThumbs schrieb:
Well, most listings state that the information comes from the seller and that no liability is assumed. I think it’s mostly a matter of luck if you can still negotiate a better deal. That is basically true.
But if, as I mentioned earlier, usable floor area is clearly presented as living area or sloped ceilings are simply ‘forgotten,’ then the real estate agent is involved as well. They must have at least that much expertise.
apokolok schrieb:
I negotiated the reduction of the commission after the purchase, The commission is based on the sale price, not on the square meters.
apokolok schrieb:
Living area as well as plot size are absolutely essential characteristics of a property. No, this depends on the buyer’s individual expectations. In the deed for a resale property, the house’s square meter measurement is normally not specified, only the plot size. Approximate figures are often used but play a minor role.