HOW MUCH DOES IT COST TO USE AN ESTATE AGENT IN SPAIN?
How much does it costs to use an Estate Agent in Spain? Compared to the U.K., fees for selling are very different. On average they can range between 3% to 10%. This is agreed between home-seller and Estate Agent. Usually plus 21% I.V.A.
It’s the vendor that pays the Estate Agent not the buyer.
Beware, UNLICENSED Estate Agents in the Costa Blanca may take advantage of you, as they’re not being regulated by the National Board of Real Estate Agents in Spain. Using an unlicensed A.P.I. agent means they could be making more commission than what you agreed to pay them. No matter how astute you think you may be, you’ll never find out, especially if you agree to grant them Power Of Attorney to sell your property.
If they’re not legally registered, they’re flying under the radar in the hopes they won’t get caught. The license is known as an “A.P.I. - Agente De La Propiedad Inmobiliaria”. Don’t be misled if you see they’re a member of AIPP based in the U.K. Remember to look for 3 letters - A.P.I.