Around 12.8% of all houses bought in Spain every year are by people from overseas. Some areas, like Alicante, boast figures as high as 40%. The vibrant culture, low house prices (compared to other countries), and great year-round climate make it an attractive place to live.
So, if you are considering buying property in Spain, there are plenty of real estate agents in Spain with the skills and knowledge to help.
But it’s still very overwhelming to buy property abroad. The laws and regulations are likely to be different than the ones in your home country. And buying property is so expensive, you don’t want anything to do wrong.
Want to be sure that your hard-earned money is in safe hands? Follow this simple guide to real estate companies in Spain to find the best one for you.
How Do Estate Agents Work in Spain?
Almost everyone, whether they are Spanish or foreign, uses the services of real estate agents in Spain when buying property.
They provide essential advice on the local market and source all properties that match your brief and budget.
Don’t make the mistake of thinking that hiring more than one estate agent will increase your chances of finding better properties. Spanish real estate agents are much more collaborative than they are in places like the USA.
If you are working with more than one real estate agent and they find out, they are less likely to work as hard for you.
Saying that, make sure you are 100% clear about your expectations upfront and put this information in writing. The best real estate agents in Spain won’t pressure you to buy something you don’t want.
What Commission Do Spanish Estate Agents Charge?
Most real estate agents in Spain take around 3-8% commission on the final sale price of the house. It’s paid for by the buyer and you should only pay the figure after the sale is final.
The Spanish government does not regulate real estate commissions in Spain, so they are higher in some parts of the country. For example, real estate agent commissions in popular locations like the Costa del Sol can be more like 10%.
What Are the Best Real Estate Agents in Spain for Overseas Buyers?
There are two main traits you need in a Spanish real estate agent when you are buying from overseas. The first is that you should get a bilingual real estate agent. The second is that you should pick an estate agent in the city or region you want to buy in.
National real estate agencies can still deliver good results, niche companies know more about their area. Here are some great real estate agencies in different Spanish cities/regions:
- Choose Marbella
- Home Select (Madrid)
- Best Properties Andalucia
Also, every region has different regulations for foreign overseas buyers. So, you can be sure they will give you accurate, up-to-date advice.
Discover Your Perfect Spanish Home Today
Finding the best real estate agents in Spain might seem daunting. But now you know that finding a great one is a lot less complicated than you might think.
Choose your region, find a local agent, and you will be sipping sangria with the keys to your Spanish villa in your hand before you know it.
Want to learn more about owning property and organizing your finances before taking the leap to homeownership? Our website has tons of helpful articles that will help you every step of the way to making your dreams a reality!