Real Estate Agents
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Real Estate Agents
by cyprusssss » Thu Jun 30, 2005 1:44 pm
Real Estate Agents - *** Estates are the Best
- cyprusssss
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I wanted to get my point across
by cyprusssss » Thu Jun 30, 2005 1:49 pm
brother, i didnt mean to but i wanted to stress my point. sorry
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by Svetlana » Thu Jun 30, 2005 2:14 pm
Well two threads on *** Estates in 10 minutes - they must be good LOL!
But Cypruss, you 'know for a fact BuySell add 15% to prices?' I do not think so; they would not survive. Most of the properties they have for sale are also available through other Agents. Who would buy from them at +15%. In fact, it is in the Estate Agent's interest to have prices as low as possible; lowering the price will have marginal effect on the commission but will greatly enhance the prospect of a sale, so to suggest Estate Agents actually push up prices....
To desrcibe most Estate Agents here as 'sharks' is a popularist theory but based on what? My advice, to reduce risk you should only buy through a registered Estate Agent, they will have a Code of Practice and Porfessional Indemnity Insurance. Also if you see through a regsitered Estate Agent, you can set their commission against your CGT liability, if they are not registered, you cannot.
The punshment of acting as an Estate Agent, unless you are properly licensed is a fine and/or imprisonment. Cyprus prison population, currently 369, is about to double!
Lana
But Cypruss, you 'know for a fact BuySell add 15% to prices?' I do not think so; they would not survive. Most of the properties they have for sale are also available through other Agents. Who would buy from them at +15%. In fact, it is in the Estate Agent's interest to have prices as low as possible; lowering the price will have marginal effect on the commission but will greatly enhance the prospect of a sale, so to suggest Estate Agents actually push up prices....
To desrcibe most Estate Agents here as 'sharks' is a popularist theory but based on what? My advice, to reduce risk you should only buy through a registered Estate Agent, they will have a Code of Practice and Porfessional Indemnity Insurance. Also if you see through a regsitered Estate Agent, you can set their commission against your CGT liability, if they are not registered, you cannot.
The punshment of acting as an Estate Agent, unless you are properly licensed is a fine and/or imprisonment. Cyprus prison population, currently 369, is about to double!
Lana
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Svetlana - Main Contributor
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