How can I sell French real estate cheaper - through a notary or an agent?
Real estate agent's commission
The commission of a real estate agent depends on whether they have an exclusive mandate to sell the property. The reader's question: I understand that notaries can also sell real estate in France. In general, is it cheaper to sell through a notary than through a real estate agent? Is the commission for selling through a notary fixed, or can it be negotiated? The answer depends on the specific situation, and the only way to know for sure is to consult a local real estate agent and notary.
Notary fees for real estate sales
In the past, a notary's portfolio mainly consisted of family-related matters, especially wills, where heirs would leave real estate to the notary for sale. The commissions were fixed - 6% for amounts up to €45,735 and 3% for amounts above that.
The real estate market in France
French real estate agencies continue to thrive despite competition from notaries, online agencies and direct real estate sales sites such as Particulier à Particulier. As always, their commissions depend on whether or not they have an exclusive commission to sell a property. Typically the commission for an exclusive assignment is less than 5%, compared to 6% -8% for a non-exclusive assignment. About 20% of real estate agents' portfolios are exclusive assignments.
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