Does anyone know how to gain some contacts with private investors abroad. I`m looking to sell a commercial property in Poland and I don`t really want to do it through estate agencies. I will kindly appreciate any information.
I understand you wanting to cut out estate agents...they can be a wind up, and expensive, but when we were looking to invest in Poland we went straight for the estate agencies here....and would not have considered any other avenue...as we had enough problems to tackle as foreigners here, not understanding either the legalities or the language! And the estate agent was, true to form, a wind up and expensive...but, we couldn't have managed without their bilingual service!
When we have invested in UK, we have searched magazines as well (Self-build stuff), so perhaps you could try advertisisng in one of the many magazines on the market specifically aimed at Brits looking to move abroad....or whatever other EU country's natives are leaving their home land in droves!
I've purchased two properties, a house and an apartment, directly through the sellers. It didn't involve too much more work than when I've used estate agents (this is on the purchasing, not selling side of the transaction), but you do need to have confidence in the notary you are using. Overall it probably saved us about 5-6% on the deals ((our 2.5% agent fee + the sellers 2.5% agent fee)*22% VAT).
As a seller, I see little benefit in cutting out the estate agent. You can negotiate their fee and terms upfront and use multiple agents to find you the best buyer on the market. If an estate agent is not used, the purchaser will try hard to negotiate that savings away from you.
Adrian, can you tell me a little more about the property; region/city, size, condition, price? Poland is a big town; you won’t be giving away any secrets. :-)
