Buying a house in France with or without real estate agent? An analysis.

Buying a house in France without a real estate agent?Are you buying a house in France, where real estate agents easily charge 5% and sometimes even more? Then it is certainly worth asking yourself whether you should  maybe buy a house without a real estate agent. Depending on the selling price, the brokerage fees can add up considerably. The average price of a house in France is between 200,000 and 300,000 euros. So, at a commission rate of 5% you pay a brokerage fee of many thousands or euros. Of course, in itself it might not be a bad thing to pay a specialist for doing his or her job, as long as that job means that the numbers still add up. The question is what precisely a real estate agent does for Continue Reading

What’s wrong with the property agents in France?

property agents in franceProperty agents in France are having to deal with  big problem. Almost 50% of the real estate transactions in France is done ‘entre particuliers’. This means that buyers and sellers find each other, negotiate and close the transaction without the intervention of a professional realtor. Only the signing of the contracts is, of course, done at the notary’s. In any case 50% private sales is a lot more than in neighbouring countries, where the involvement of a property broker is standard practice. In the Netherlands, for instance, only a few per cent of the deals go through without an agency. How can we explain this difference?

Property agents in France – a high price

The most important reason for bypassing the property agents in France is the high prices they charge. Lately there is a bit of a shift downwards under pressure from the market and the Internet, but for a long time you had to pay the ‘agent immobilier’ at least 6%. A broker in Burgundy, with an Continue Reading