Tenerife Estate Agents
We introduce you to the estate agents in the areas you are interested in. We can then oversee every aspect of the sale. We can accompany you on viewings and in sales meetings. We give you completely independent advice you about reservation fees, deposits, lawyers, mortgages, money transfers, bank accounts and how to ensure your money is kept safe.
We can insert clauses in the purchase contracts guaranteeing you cannot lose your deposit and make sure that your funds are kept in a safe client account of an independent lawyer.
We check for exaggeration, mis-selling, mis-interpretation, over-pricing, black money, ambiguous information, pressure selling techniques and a whole host of other tricks and scams. We know them all and will steer you clear of them.
Many estate agents will pay us a referral fee (half of the commission they receive) for introducing clients and in doing so we can then reduce your costs – by up to €1,500. So before you hand over a single penny to a complete stranger in a foreign country:
Contact us now and buy with Complete Security and Independent Expert Advice
This is undoubtedly the safest way to buy property. Legal advice from independent lawyers and mortgage advice from independent brokers. We hope in the future that buying with Complete Transparency becomes the only way to buy property in Tenerife.
There are some great estate agents in Tenerife. Some truly exceptional ones who will look after your best interests, get you a great deal and make the buying process as smooth as possible. Unfortunately, the majority do not operate like this, testimonials on their websites can and are faked. Recommendations you read online might easily have been made by themselves, this is common practice in many industries so it is almost impossible for you to know who you can trust and who you can rely on. Remember, everything written on a website is being written by the same person trying to sell you something. Here are a few common themes – most of which are exaggeration and i some cases complete lies:
“We are a family firm, family company” – So what? What difference does it make so far as working practices? – None!
“We have won many international awards” – We put no stock whatsoever in these award schemes – mainly because they are bogus. In fact – just to prove the point, have a look at our very own awards page here!
“We have a client account to keep your money secure” - Money should never be given to an estate agent
“We look after your best interests” – Unfortunately agents also represent the seller, no agents represent your interests alone, this is what we offer.
“We have excellent relations with a local bank(s)” – It really doesn’t matter if the bank manager is their brother, mother or best friend, they cannot do you any favours in this department. A serious conflict of interest also arises when an estate agent offers to also arrange a buyers mortgage.
“We are members of XYZ association/organisation” Organisations generally they make their money from annual memberships fees so the more members the better, as such they don’t have a vested interest in scrutinising their members too carefully. More questionable is their ability to actually take any action against rogue agents that are members of their associations. If you have a very good independent lawyer, then all these memberships and organisations are simply unnecessary to you as a buyer anyway.
Because there is so much shameless self-promotion, exaggeration, false testimonials from imaginary clients and no real way of judging an estate agent unless you work with them, your biggest problem here is in knowing:
Which Tenerife Estate Agent can I trust?
- You no longer have to take a chance
- You no longer have to trust any of them
- You no longer have to hand over any money to them
- You no longer have to worry about being ripped off
Commission
Many estate agents have large overheads, offices, salaries. As the market has taken a turn for the worse, the pressure has increased enormously on these agents to bring in commission. The bigger the agent – the more pressure they are under to sell and the more corners they may cut.
Commission in Tenerife is generally accepted to be 5% of the sales price. But with fewer sales, there is less commission being made yet estate agents have the same running costs to pay. When you do everything “in house” – the agent arranges the legal work or introduces you to their “independent” lawyer and they tell you they can arrange your mortgage through their “special arrangements” with banks. What they actually want to do is “Isolate” you from anyone else who may interfere in their sale in any way. They are making sure you have no independent advice whatsoever – a huge conflict of interest given that commissions can run into tens of thousands of Euros.
What can YOU do to ensure you are not lied to, you are not mis-led, mis-sold or overcharged???
Fortunately, there is now a much safer way to buy. With two independent parties overseeing every aspect of the sale in addition to the estate agent, we can ensure you get the best deal for you and we will give you our honest opinion on every aspect of your transaction, keeping you and your money safe. Complete Transparency.
You can search the internet and look at as many estate agents websites as you like. When you see a property you would like information about, let us know. We will contact that agent on your behalf and acquire all the details and information for you. We won´t give them your name or any other information if you do not want us to.
Or, if you prefer, let us know what it is you are looking for, the type of property, any particular area and your budget (we will help you ascertain a realistic budget when we look at your mortgage options so you don´t waste time viewing properties outside of your price range) and we can contact as many agents as required and let them source exactly what you are looking for – this is what estate agents are good at.
This absolutely levels the playing field and puts you the client, firmly in control. We can substantially reduce the risks involved in buying property in Tenerife meaning:
- No slick sales pitches to sit and listen to
- No lies to be caught out by
- No agents putting you under pressure to give them an answer, a signature or your money
- We take away their advantage and let you set the rules
Contact us now for more information
Advantages:
- First and foremost, Complete Transparency, something that is severely lacking in the Tenerife property market
- We will get the real price for you, the difference in prices from agent to agent can be staggering! Here in Tenerife, it is common practice for an estate agent to add on as much commission for themselves as they believe they can get away with. We make sure everything they do is transparent and above board. You will know exactly how much commission the agent receive and in turn how much we receive.
- We do not have a problem with estate agents earning commission – far from it. We believe many of them provide an excellent service. What we do have a problem with is estate agents adding on huge amounts of commission (up to 30%) purely through greed and because they can “get away with it.”
- You will no longer be hounded by one (or ten) agents – a huge problem here, once they have your name and number, they are like a dog with a bone.
- They will not be able to call you at all hours for months after, asking if you are still interested – they get a simple yes, no or wait from us.
- We can accompany you on any viewings, keeping the sales pressure firmly off!
- No silly, drawn out sales meetings in their office while they bombard you with sales jargon and attempt to co-hearse you into signing something or handing over a reservation fee on the spot.
- We can provide you with an independent, impartial property lawyer. One that works in your interests, not the estate agents. Keeping your money safe.
- You can view properties from 1, 10, or 100 different agents, without having to remember who showed you what, where, when and how much it was. There is nothing worse than being called and called by every agent in Tenerife desperate to unload a property onto you and not knowing who you are speaking to or why. We wont give them your contact details unless you ask us to.
- When we obtain your mortgage, we get the private purchase contract which shows us exactly how much money is going back to the seller. We will send you a copy – estate agents never do this – as it allows you to see exactly how much they have added on to the price for themselves. We ask agents to limit their commission to a maximum of 5% and provide you with all the facts so you can decide whats fair and what isn’t.
Disadvantages:
- Some agents refuse to work this way, they will not allow an independent mortgage broker to be involved and they will not recommend the services of an independent lawyer – whilst we would prefer they all work transparently, some just will not work transparently and we suggest you avoid these kinds of companies.
- Some agents in Tenerife really don’t like us offering this service, but we can live with that! The way we see it, the good agents here will be happy to work this way and the bad agents wont and that is exactly how we like it.
So, what does all this cost you, the client?
In short it costs you nothing, this service is 100% free. In fact it actually saves you money, reducing the overall purchase cost and enhancing your protection.
Keeping you safe, saving you money. It really is win-win.
Other than paying up to €1,500 for your legal work and mortgage, our process makes the sale and mortgage much more straightforward. We can see from the start exactly what is going on which means no surprises further down the line. Nothing which may negatively impact upon either the mortgage or the sale.
It keeps everything firmly in check and above board. If agents do not provide us with all the information we ask for, we will inform you and recommend you cancel the purchase and have nothing further to do with them.
We believe firmly in transparency for our clients, we ask the estate agents to be clear, honest and transparent. There can be no hidden fees, backhanders or secret deals. You see every Euro or pound that changes hands. Any estate agent who will not agree to this, simply will not work with us.
