AGENTS FEES FOR SELLING PROPERTIES

I know that French estate agents charge up to 10% (plus VAT) of the sales prices -and there are other fees.

But I'm hearing that it is common practice for agents to insist on a minimum fee. I asked a couple of my fellow owners if they had been charged a minimum fee and two of them produced correspondence from Sextant properties which showed "minimum fee €10.000 plus 20% VAT". Considering these owners are trying to sell small apartments for ca. €40.000 a sales commission of €12.000 seems outrageous.

Can anyone confirm if this is the norm?

Comments

wineflair

Sorry would have no idea at

3 February 2017

Sorry would have no idea at all - however if you are trying to sell with a leaseback in place I think you will have little chance - the main French banks look on them as quite toxic and the initial cost price may be much higher than what you would actually achieve - my advice get rid of th elease and then attempt to sell - good luck

StortfordHal

That is correct, 10k + vat is

19 February 2017

That is correct, 10k + vat is what they charge. If you want to sell you have to slash the price of the property and accept their fee.

loatie (not verified)

Not so in our neck of the

20 February 2017

Not so in our neck of the woods - the local agents charge 5% to market properties.

wineflair

And has anybody managed to

21 February 2017

And has anybody managed to sell a property with a leaseback attached - any blogs and post I read says they are virtually unsaleable??

loatie (not verified)

It's not unheard of in our

21 February 2017

It's not unheard of in our development. There have been several apartments sold here over the years. There are a few more coming onto the market as we approach the end of our first lease period and as with most property sales, the ones with the best views and the most sensibly priced (neither expecting a huge profit or entailing a big loss) are still selling.