In Bali there is a general opinion that real estate agents, selling and renting villas in Bali, are an unnecessary expense, because they are lazy, don’t do their job properly and they are only interested in the commission.
That might be the case for some real estate agents, but most real estate agents we know off, are hardworking and only interested in helping the seller finding the right buyer or tenant.
These 7 points are all relevant when you choose to work with a real estate agent.
There is definitely also a general misconception about how much a real estate agent receives in commission, when selling or renting a villa in Bali. Normally the real estate agent receives a 5% commission, when selling a villa or a land and a 10% commission, when renting out a villa for long term.
You might think ”WOW… that’s a lot of money” – and yes, it is potentially a lot of money, but it’s only a lot of money, if the real estate agent actually sold or rented out numerous of properties every month. However, this is rarely the scenario.
Being a real estate agent in Bali doesn’t necessarily make you rich!
If you run a professional agency in a certain size, like we do at Propertia Bali, then there are a lot of running expenses. Office space, employees, marketing costs etc. The list of expenses is unfortunately long, and it is expensive to run a real estate agency.
It’s also very important to mention, that customers don’t come to you “out of the blue”. It’s expensive to attract the right customers through a website or social media like Facebook or Instagram. The competition is tough between the agents in Bali, and because most listings are shared between 3-4 agents, you have to be professional, dedicated and take very good care of your customers.
So remember, when you are choosing your next agent to sell or rent out your villa in Bali, you should choose 3-4 good agents, who has the organisation to supply you with the customer service you expect.
Check their website, their organisation and meet with them and ask all the questions, that you might have regarding your sale or rental.
We hope that Propertia Bali will be on your checklist!