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Selling issues

Posted: Thu Nov 24, 2022 12:40pm
10 replies666 views9 members subscribed
JackieSo

Posts: 7

Location: Alicante City

Joined: 2 Nov 2022

Hoping to buy a property in this region in the near future.  Am reading in other forum that it’s incredibly difficult to sell a property in Spain in that it takes an eternity and you end up selling way below market price.  Is this true ? Has anyone had or having these issues.

Does anyone know the cost involved as well. 
Thanks in advance

Relyat

Posted: Thu Nov 24, 2022 1:01pm

Relyat

Very helpful member

Posts: 749

701 helpful points

Location: Denia

Joined: 12 Jul 2018

Posted: Thu Nov 24, 2022 1:01pm

Dwellings will sell if the state of repair and location reflects the market price. 

The demand and supply of dwellings in an area dictate the market price. 

If you wish to sell quickly then you can choose to sell below the market price. 

I don't know where you are from, but pricing and the speed of selling in Spain can be very different to other countries, for example the UK. 

I would never advise anyone to buy a dwelling in Spain with a view to it returning a profit when sold. It isn't an investment market here. 

JackieSo

Posted: Thu Nov 24, 2022 1:19pm

JackieSo

Original Poster

Posts: 7

Location: Alicante City

Joined: 2 Nov 2022

Posted: Thu Nov 24, 2022 1:19pm

Relyat wrote on Thu Nov 24, 2022 1:01pm:

Dwellings will sell if the state of repair and location reflects the market price. 

The demand and supply of dwellings in an area dictate the market price. 

If you wish to sell quickly then you can choose to sell below the market price. 

I don't know where you are from, but pricing and the speed of selling in Spain can be very different to other countries, for example the UK. 

I would never advise anyone to buy a dwelling in Spain with a view to it returning a profit when sold. It isn't an investment market here. 

Hi 

Many thanks for your reply.

I’m Irish and demand outstrips supply in Ireland.

I’m looking at buying to rent and family holidays too. Im near retirement and want to keep this home as long as I’m around but you just never know and would hate to think I or my family couldn’t sell it down the line and were forced to keep it or sell at a big loss.

GrahamLynn

Posted: Thu Nov 24, 2022 9:44pm

GrahamLynn

Super helpful member

Posts: 1795

1742 helpful points

Location: El Raso

Joined: 9 Jul 2017

Posted: Thu Nov 24, 2022 9:44pm

All depends on the area.

Where I live,  houses are being snapped up within a few days of going up for sale. But we live in area extremely popular with all nationalities  so I’d guesstimate only 10% of being sold to Brits.

It’s imported to find the right property first time round. Taxes and charges are high when you buy.

When selling by the time you’ve factored in estate agent fees, legal costs and taxes, it’s almost as expensive to sell. 

Lynn

Darro

Posted: Fri Nov 25, 2022 3:46am

Darro

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658 helpful points

Location: Catral

Joined: 8 Sep 2021

Posted: Fri Nov 25, 2022 3:46am

JackieSo wrote on Thu Nov 24, 2022 1:19pm:

Hi 

Many thanks for your reply.

I’m Irish and demand outstrips supply in Ireland.

I’m looking at buying to rent and family holidays too. Im near retirement and want to keep this home as long as I’m around but you just never know and would hate to think I or my family couldn’t sell it down the line and were forced to keep it or sell at a big loss.

If anything it's far too easy to buy a property in Spain and properly priced almost every property will sell although it's not at all uncommon for it to take a year or two.

Not sure how inheritors can incur a loss on what will in practice be a gift?

To expedite a sale they may choose to dispose of it at a lower or even a 'give away' price but whatever they realise it will still be free money in their pockets so they can never make a loss.

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Youhoo

Posted: Fri Nov 25, 2022 10:22am

Youhoo

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Posts: 227

113 helpful points

Location: Orihuela Costa

Joined: 23 Jun 2018

Posted: Fri Nov 25, 2022 10:22am

Well I live in Playa Flamenca in the last 2-3 months we have had 4 properties up for sale, one was sold after a what’s app to our urb group within 2 hours another was sold within a week the 250,000 one took 8 weeks would of sold in 3 weeks but the agent was an utter jerk, and one across the rd 3 months to my knowledge The houses around here in decent condition sell quite quickly, my next door changed hands 4 months ago in a week

JackieSo

Posted: Fri Nov 25, 2022 10:50am

JackieSo

Original Poster

Posts: 7

Location: Alicante City

Joined: 2 Nov 2022

Posted: Fri Nov 25, 2022 10:50am

Youhoo wrote on Fri Nov 25, 2022 10:22am:

Well I live in Playa Flamenca in the last 2-3 months we have had 4 properties up for sale, one was sold after a what’s app to our urb group within 2 hours another was sold within a week the 250,000 one took 8 weeks would of sold in 3 weeks but the agent was an utter jerk, and one across the rd ...

...3 months to my knowledge The houses around here in decent condition sell quite quickly, my next door changed hands 4 months ago in a week

Thanks for the info 

Am a little more positive. I think if it’s well presented it will sell better. 

Stephanie86

Posted: Fri Nov 25, 2022 10:08pm

Stephanie86

Super helpful member

Posts: 2254

1710 helpful points

Location: Lliber

Joined: 4 May 2017

Posted: Fri Nov 25, 2022 10:08pm

One buys a property because it serves one’s needs at the time. No one can foresee the future, and your inheritors will deal with that when the time comes. Situations change, rules change, life changes, do what is appropriate for you now, you aren’t really responsible for your inheritors future situation. And has been said, assuming they are not receiving a heavily entailed property, it’s free money to them, so how can they be losing?

janiceroquero

Posted: Sat Nov 26, 2022 11:07am

janiceroquero

Helpful member

Posts: 406

267 helpful points

Location: Santa Pola

Joined: 21 Aug 2020

Posted: Sat Nov 26, 2022 11:07am

JackieSo wrote on Thu Nov 24, 2022 12:40pm:

Hoping to buy a property in this region in the near future.  Am reading in other forum that it’s incredibly difficult to sell a property in Spain in that it takes an eternity and you end up selling way below market price.  Is this true ? Has anyone had or having these issues.

Does anyone know the cost involved as well. 
Thanks in advance...

...

Hi there,

Properties in "urbanizaciones" sell quickly, if priced realistically.

Properties in the country can take a lot longer to sell. The reason being that there are not so many prospective buyers for them.

Before you actually buy I would also recommend that you rent for a few months before you decide where you want to buy.

Good luck,J

Javea

Posted: Thu Dec 1, 2022 10:02am

Posts: 13

3 helpful points

Location: Javea / Xàbia

Joined: 7 Mar 2021

Posted: Thu Dec 1, 2022 10:02am

At this moment in time. If you have a nice house in a nice area, javea for example. Priced right. It will sell in as little as 24 hours.


House in  poor condition, wrong place or seriously over priced. Expect to wait years

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