What Does the Seller Pay?
As mentioned earlier, the seller pays a commission to the agent representing them once the sale is completed. Sellers should also bear in mind that the agent's commission is not the only professional cost involved. Depending on the transaction, an engineer, a lawyer, an accountant, or other advisors may need to be engaged separately, each with their own fees.
What to Ask Before You Proceed
Regardless of which side of a transaction you are on, these are the questions worth raising with any agency before you commit: Is the same agent working with both buyer and seller in this transaction? What is the commission that you have to pay, and when? Are these terms set out clearly in a written agreement? Does the agency have in-house legal support, or will you need to arrange your own lawyer independently?
Getting clear answers at the start avoids misunderstandings later.
How Elxis Approaches This
At Elxis, we are selective about the properties we take into our portfolio. Every property we list has characteristics that make it genuinely appealing to our buyer base, which spans Western Europe, the US, and Canada. For 35+ years, we have worked to act as a bridge between buyers and sellers, and between Greek culture and the expectations of international clients. Our fee structure and the terms of our representation are explained clearly at the start of every engagement and confirmed in writing. We have an established presence in the market, with more than 28,000 newsletter subscribers, 250,000 followers on social media, and more than 150,000 monthly visitors to our website. For over three decades, we have also participated in well-known international property fairs, including the Second Home Expo in the Netherlands and Belgium, and A Place in the Sun in the UK. If you have questions about how representation and commission work in a specific situation, we are happy to walk you through it before you make any decisions.
Disclaimer: This article is for informational purposes only and does not constitute legal or tax advice. For guidance specific to your situation, consult a qualified lawyer, notary, or accountant.