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Post by Ribaric on Jul 21, 2005 16:36:28 GMT 1
Habanero, are you significantly out of pocket from the stuff you've already done so far - despite ending up with no purchase?
If so, into who's pocket/s did your money go?
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Post by habanero on Jul 22, 2005 14:04:01 GMT 1
No, no fortunately we didn't lose any money there!
I was just feeling very frustrated yesterday, because we thought we were thát close to a deal, and then...aaargh.
I am not against use of agencies, if i could just get the idea that they actually do some work for you. Time before last we had to find out for ourselves that the papers were not clear/and or missing. We assumed that would be their job to check before they put something on the market...
Then I suppose their work really starts áfter you close a deal, and that never happened to us, so far.
We'll keep trying!
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Post by EMIZZZZAGREB on Jul 22, 2005 14:23:22 GMT 1
I can recommend a good agency, if anybody is interested send me a pm.
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Post by z00ey on Jul 22, 2005 17:03:32 GMT 1
actually, why is it that the fees for agents is in % ?
i mean, if one's selling a flat of 32m2 in Zupanja for 5 months, no percentage is enough... but if one sells a property of several million € in one or two visits, how come he earns this enormous amount of dough?
wouldn't some kind of "price list" be a normal thing? pure quantity cannot be a measure of quality of service...
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Post by EMIZZZZAGREB on Jul 22, 2005 17:42:21 GMT 1
I would venture to suggest that selling a 5m euro apartment is much more difficult than selling a 50keuro apartment.
The percentage system is not a Croatian system everywhere operates the same, if a agent is working for a % then the higher the price the better for the seller, therefore it is logical that the agent makes his money from the seller.
I still find taking a % from a buyer nothing short of stealing.
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Post by z00ey on Jul 22, 2005 20:53:05 GMT 1
well, if the seller for the 50k € keeps asking 60k € for 5 months, you finally earn some 1k €.
But if you're selling a possible 8m €, and the seller is naive enough to lower the price to 5m quite soon, you've made 100k € in a week (instead of killing yourself for a year to make 150k€)
I believe that in a system where a seller (in case he decides to take the advice and lower the price) loses money on 97,5% of the deal, whilst an agent loses on 2,5% of the deal, the interest of the agent is in "take the money and run"
I'm not saying that they do, au contraire I have nice experience with agents (hope it stays so)
An analogy would be: I'm a transport company, and I charge 500x more for transporting 1 ton of computers than 1 ton of bricks... the quantity on a certain property is "1 property", not the price of it... you wouldn't close a deal with 500 peaple, it's still a deal between 2 (more or less) parties
I would venture to suggest that selling a little house on an island with it's nonexisting paperwork, lost relatives and ie Split gruntovnica is much more diffucult than closing a 5m euro deal on clean land
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Post by alsdoubles on Jul 26, 2005 22:47:00 GMT 1
Don't do it. And if you do just remember, Croats don't buy houses. They just inherit them or extend one floor up. Regardless of if the foundations will take it. So if you sell, you will be at the mercy of selling to someone from outside the country. Who will find it hard. Ultimately, Croatian propert is worth NOTHING right now. And there is LOADS of it. Other than a few developments on a few islands, of course.
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Post by Ribaric on Jul 27, 2005 11:38:37 GMT 1
Hey Als, come and take a look at Zagreb / Varazdin areas. Prices have rocketed and they are selling - quickly. Mostly the buyers are Croats (as far as I can tell) returning from a lifetime working abroad but there appears to be thousands of 'em.
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