Hi guys! Am doing some research from Canada re: real estate in China… any ideas with reference included if possible would be of huge help!
Thanks very much
This is a difficult question to answer. The regulatory agencies in China on residential and commercial real estate are quite lax in their enforcement, and most do not apply to all provinces, or even vary within a single province. Generally you will see rates from 2.5% up to 10%, but 5% plus or minus a touch is generally easy to negotiate.
Yes, you will negotiate the Realtors commission along with the price of the property!
If you are looking at properties in the urban East, spend some time price shopping for your Realtor as the competition is fierce. You will have a tougher time in the western provinces or anywhere rural.
Another good source is the Canadian/China or US/China trade association in the city you are looking at. They can usually tell you who they and their employees worked with and if it was a good experience or not.
Best of luck.
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