Real estate agency commission in Warsaw.
What does the real estate agency commission depend on? Who pays for the commission? Do Warsaw Real Estate Agencies charge commissions higher than in other cities?
So what is a commission?
Commission
A form of remuneration of an entity for a legal act performed. It can be a remuneration for brokering a given contract at the direction of or on behalf of the commissioning entity (e.g., an individual or legal entity), or it can be a remuneration to that entity for operations and services it provides. (Source: https://pl.wikipedia.org/wiki/Prowizja)
Why?
The agent represents both parties at every stage of the sale or lease. We are confident that the contracts drawn up will be equally beneficial to both parties. Not everyone is well versed in the law and will catch the various legal clovers. Therefore, we can trust the person who mediates our case and to whom we pay a fee.
Of course, not every real estate agency represents both parties, but the moment they don’t, they don’t charge a commission either.
o what does the real estate agency's commission depend on?
The commission from each party usually ranges from 2% to 4% of the value of the property in question.
What does the amount of the commission depend on?
On many aspects, but the “more difficult” the property – the higher the commission. Many properties have various legal problems that require consultation with many people, primarily lawyers.
And consequently, a much longer sales process and more work than for properties that do not have them.
Very often premium properties also have higher commissions. The enormity of the work as well as the various marketing activities is much greater, because usually such properties are much harder to sell. They require the dedication of many hours of work.
Answering the question: , "What does the amount of commission depend on?
Simply put – on the amount of work, that is, on the level of difficulty of selling such a property.
The harder it is to sell a property, the more financial input is needed for various activities to reach customers. Namely, we invest in direct and indirect marketing.
Very often in , “complicated” transactions, the help of lawyers is needed. In order to get as much knowledge as possible on the subject, this help, is not limited to one person.
The amount of the commission is determined when the intermediary becomes familiar with the property and all the formalities involved. However, before that, he can give its fork.
Who pays the commission to the real estate agency?
The commission is usually paid by both parties. However, it depends on the real estate office as well as the clients.
Some real estate offices represent only one party, and thus the realtor acts on behalf of only the seller.
And the last question: do Warsaw Real Estate Agencies charge higher commissions?
We have come across such information, however, this is not true. Real estate offices in other cities charge the same commissions.
And do Warsaw Agents earn more than in other cities? There is such a possibility, due to the fact that in Warsaw real estate prices can be higher than in Poland, while the commission does not differ from that imposed in other cities.