Puerto Pollensa Travel Guide
Before You Go
Flights
Package Holidays
Latest Special Offers!
All-Inclusive Hotels
Hotels & Aparthotels
Private Villas/Apts to Rent
Villa Companies
Local Rental Agents
Cruises
Car Hire
Airport Transfers & Taxis
Travel Insurance
Late Deals!
Currency
Holiday Shopping
Background Info
Language
Books
Events & Fiestas
Climate & Weather
Art & Culture
Flora & Fauna
Links
Discussion Forum
Once You're There
Maps
Airport Directions
Tourist Information
Eating Out
Buses & Trains
Music & Entertainment
Excursions & Days Out
Shopping & Markets
Kids
Beaches
Walking, Cycling
Boat Charters
Sailing/Watersports
Market Place
Boats & Yachts
Property For Sale
Businesses For Sale
Property Services
Local Services
MouseMats & T-shirts
Computers
Internet Services
Virus Protection
PuertoPollensa.com discussion forums

Go Back   Pollensa Forum > LIVING & WORKING IN POLLENSA > Living & Working in the Pollensa Area

Living & Working in the Pollensa Area This forum is for any comments, questions and advice about living (permanently or temporarily) and working in the Pollensa area. Aimed at ex-pats, property owners etc.

Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 18-11-2009, 17:46
eleanor's Avatar
*****
 
Join Date: Jul 2009
Location: on the coast in Essex
Posts: 1,737
Default How to sell without an agent

Has anyone got any good ideas they can share regarding how to sell a property without using an agent?
Their fees are ridiculous - the minimum I have found is 5% + iva!!
__________________
Eleanor
Reply With Quote
Sponsored Links
  #2  
Old 18-11-2009, 18:00
****
 
Join Date: Jul 2008
Location: Mallorca
Posts: 73
Default

Hi Eleanor
Quite a few agents will negotiate down to 3%, which although still seems a lot is worth it if you want your property sold
It's pretty hard and time consuming to move your own property, you could try adverts in the daily bulletin, thats how we bought our finca
Reply With Quote
  #3  
Old 18-11-2009, 19:21
eleanor's Avatar
*****
 
Join Date: Jul 2009
Location: on the coast in Essex
Posts: 1,737
Default

Hi Acidburn,
Thanks for the info. I have tried to negotiate with many of the agents and they won't move. Their argument is that times are different and they need to work much harder to sell a property. They seem to think that because they have many on their books then they do not need to worry! Such a short sighted attitude. We all know things can turn around very quickly and they may then be only to happy to have a villa within walking distance of the Port on their books - I suppose we can't win really! Thanks - I will have a look at the D. B. might be worth a go. I can buy many many ads for 5% of the sale + tax!
__________________
Eleanor
Reply With Quote
  #4  
Old 19-11-2009, 13:32
ray ray is offline
*****
 
Join Date: Mar 2009
Posts: 525
Default

Why not advertise in the German or irish press as they don't have the pound problem,or set up a web site of your own. Estate agents here are not having to work harder, they have never had to work before, money for old rope. You could set yourself a limit on how much you would spend on your own advertising before resorting to agents
Reply With Quote
  #5  
Old 19-11-2009, 15:42
eleanor's Avatar
*****
 
Join Date: Jul 2009
Location: on the coast in Essex
Posts: 1,737
Default

Excellent idea Ray. I think I will look into doing just that - many thanks.

I can buy much advertising for the fees charged by the agents. Not sure how they can justify these fees!
__________________
Eleanor
Reply With Quote
  #6  
Old 19-11-2009, 16:21
pollensa's Avatar
Founder
 
Join Date: May 2001
Location: Colchester, UK
Posts: 3,814
Default

You can always place an advert on our site Apartments, Villas for sale in Pollensa, Mallorca Majorca If you are already a rental advertiser then this For Sale advert can link to the rental advert which gives details of the property & makes buyers aware that is a rentable property. Email us at advertise@puertopollensa.com if you are interested.

However, based on what we've seen the few properties that are being sold have had their prices cut dramatically i.e. they are distressed sales. So if you don't NEED to sell it may be worth hanging on.
Reply With Quote
  #7  
Old 19-11-2009, 16:33
eleanor's Avatar
*****
 
Join Date: Jul 2009
Location: on the coast in Essex
Posts: 1,737
Default

Hi Pollensa, thanks for this. Yes we do advertise to rent on this site but I was a little worried about placing a for sale ad too as I felt it may deter people for renting next year, if they were aware the villa was for sale.

It will probably still be for sale next year as the market is slow and if so rental income is important to us. If we sell prior to the start of the season I have an agreement with my sister that with agreement, any renters will be offered my sisters villa which is much superior to ours and very close to the seafront with seaviews. Certainly any renters booking our villa will not be disadvantaged should we sell. Just do not want to put anyone off when there probably wont be any good reason to do so. Difficult position really.
__________________
Eleanor
Reply With Quote
  #8  
Old 20-11-2009, 11:26
Belladonna's Avatar
*****
 
Join Date: Feb 2008
Location: London, Kent borders.
Posts: 4,073
Default

I wouldnt think it would put any one off at all, providing you dont allow viewings whilst they are in the villa on holiday!
Reply With Quote
  #9  
Old 20-11-2009, 12:55
eleanor's Avatar
*****
 
Join Date: Jul 2009
Location: on the coast in Essex
Posts: 1,737
Default

Gosh - can you imagine that? Now that could be an idea for a comedy show! lol
__________________
Eleanor
Reply With Quote
  #10  
Old 01-12-2009, 15:45
eleanor's Avatar
*****
 
Join Date: Jul 2009
Location: on the coast in Essex
Posts: 1,737
Default

I'm still investigating selling the villa - not something I am happy to do or ever thought I would have to do but the 'D' word is such a big word with horrid consequences!!
Anyway - I am yet to find an agent I feel comfortable using. I have been unable to negotiate any fee less than 5% + IVA (hurts so much to even type it!!)
I have found an agent in the Port who target the Scandinavian market place. I was interested in this agency but when I received their terms they require half their 5% fee on a sale of intention with the other half at completion. They will not negotiate on this and state that it is fair to charge at those points as the work will have been done! I am very concerned that I may pay half their fee and then the buyer drops out. I wondered if anyone has had dealings with this system? - not sure if I can name them here but they advertise on this site under property agents. My instincts are telling me to be very careful.
__________________
Eleanor

Last edited by eleanor; 01-12-2009 at 16:52.
Reply With Quote
  #11  
Old 01-12-2009, 16:14
pollensa's Avatar
Founder
 
Join Date: May 2001
Location: Colchester, UK
Posts: 3,814
Default

Hi Eleanor,

I understand how you feel but if anyone has any comments on particular agents please can you PM Eleanor privately. On the other hand if any one can comment on whether this is standard practice then do go ahead. What do they mean 'sale of intention' - is that when the 10% is paid? If so you would keep the 10% if they drop out.

I understood that the rate was 4% for sole agency & 5% otherwise. Have you looked at using 2 or 3 agents. I get the impression that many sellers do that.
Reply With Quote
  #12  
Old 01-12-2009, 16:50
eleanor's Avatar
*****
 
Join Date: Jul 2009
Location: on the coast in Essex
Posts: 1,737
Default

Hi Pollensa I didn't mention the agent as I guessed it wouldn't be the thing to do. I have made contact with every agent in the Port recently and the rate at the moment is 5%. There are a couple that are charging 6% but will negotiate down to 5%! all ex tax! I have been told that the days of sellers bringing the rates down have gone as it is a buyers market and the agents have to work much harder to conclude a sale!
The 'sale of intention' is I believe, when the deposit is paid. I understand this is non refundable but having read the small print it does seem that if there is a reason the sales falls through such as perhaps deadlines or something to do with the legal side from the seller then the deposit is refundable but fees would still be charged by this particular agent. It may well be a translation problem and should I decide to go ahead with them I certainly need to write my own terms of business! Just wondered if anyone else has had experience of this system.
__________________
Eleanor
Reply With Quote
  #13  
Old 12-02-2010, 18:58
eleanor's Avatar
*****
 
Join Date: Jul 2009
Location: on the coast in Essex
Posts: 1,737
Default

All this time on and I thought i would just let you know what is happening with the sale of my viila - NOTHING!!!! I am sorry to say that having been in touch with every agent in the Port who charge a minimum of 5% they are all without doubt - useless!
I have been promised the earth but have received nothing! I have arranged for agents to view but they have just not bothered to turn up, or treat with such contempt that who wants to deal with them anyway - I have sent details and had no response or answer from many - I have handed on a plate to some only to be told they have no agent available! I just can't believe the attitude. I heard today that Pedro Mesquida are the latest to 'go down'- well that is one less to waste my time!! WOnder why??
I am only selling due to my personal problems. My husband and I are now actually agreeing on something! = selling privately - and forgetting the useless agents in Pollensa - we will do it ourselves or failing that we will keep the villa and learn to run it as a business, together!! Any agents reading this - keep away - I am very angry with you all!
__________________
Eleanor
Reply With Quote
  #14  
Old 12-02-2010, 19:33
Belladonna's Avatar
*****
 
Join Date: Feb 2008
Location: London, Kent borders.
Posts: 4,073
Default

I can understand why, and really sorry that no leads helped you. Have you spoken to a solicitor about selling yourself? Many times you see handmade for sale signs outside villas, perhaps this is why.
__________________
My Flickr Photos
Reply With Quote
  #15  
Old 12-02-2010, 19:55
pollensa's Avatar
Founder
 
Join Date: May 2001
Location: Colchester, UK
Posts: 3,814
Default

Quote:
Originally Posted by Belladonna View Post
Many times you see handmade for sale signs outside villas, perhaps this is why.
They sell the signs in the DIY shops including the Plomer in Pollensa Town.
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are Off
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Spanish travel agent? alcanadakid Travel Companies 5 23-02-2009 18:40
Travel agent wanting reservations/ travel work rachel23 Jobs Wanted 0 03-08-2007 17:07


All times are GMT +1. The time now is 05:28.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0
(c) Copyright Holiday Webs Ltd 2011