Tag: sell my spanish property

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Sell Your Spanish Property for 1% in Murcia Costa Calida

Sell Your Spanish Property for 1% in Murcia Costa Calida

Murcia, Spain: December 2020 – By Casas247.

Sell Your Spanish Property for 1% in Murcia Costa Calida Mazarron!

At casas247.net we are determined to deliver the best value full service an estate agent can provide. In addition, we guarantee there will be no extra fees! Your property will receive full market exposure through major property portals, an associated agent network around Europe and benefit from our growing franchisee initiative.

Casas247.net does not charge upfront fees; you only pay when we sell your Spanish property at the notary!

Why not get a free valuation by visiting us here FREE VALUATION

You will be delighted with the lowest-cost estate agency in Spain. Why not try try us now! – You have nothing to loose.

The Spanish Property Market Is Unpredictable!

Here’s what we are doing to adapt to the current circumstances and outlook

Spanish property agents have, historically, charged some of the highest fees in the European property market. Often asking 5-10% commission on resale properties, depending on regional economies and demand. Since the 2008 financial crisis, estate agent’s fees have reduced a little; but on average, when you take added costs and terms & conditions into account; most property owners are still being charged around 4%. That’s 300% more than a UK high Street estate agent charges!

When you consider Spain hits buyers with some of the highest purchase taxes in Europe (8-10%) plus land registry, notary and legal fees, this ultimately translates to the Spanish property buyer paying 11% more, on top of the asking price. But it gets worse, most property owners here in Spain also add another 4% onto the price they want to cover their estate agents fees. That’s a whopping 15% the property buyer pays on top of the asking price!

This cannot continue, it’s killing an already fragile market. At Casas247.Net, we have slashed Estate Agents fees to just 1%, NO Sale NO Fee! We only charge on completion of the sale, with no upfront costs to the property owner. These huge savings – on average 5,400€ – provides extra wriggle-room for sellers to negotiate a favourable price with their buyers, thus, bringing the price of selling and buying property in Spain down to a more affordable rate.

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What Features Increase And Decrease Property Value In Spain?

What Features Increase And Decrease Property Value In Spain?

Murcia, Spain: October 2020 – By Casas247.

When placing your property on the market in Spain, you need to consider the pros and cons that effect your property price. Like what features increase and decrease property value.

The Spanish property market is very different to the UK. Schools, transport and proximity to the workplace dominate UK property values. These features are relevant in the local Spanish property market too, but rarely apply to the foreign buyer’s market. That’s because most foreign property owners and buyers are looking for a holiday home or to drop out and take it easy and enjoy the good life in the sun. So what features increase and decrease property value?

Rarely do Spanish people buy homes on urbanisations designed for leisure or choose country properties as their main home. Instead, they look for practical, low cost family housing, close to major towns or cities, virtually the exact opposite of what foreign buyers regard as a dream Spanish home. So what features increase and decrease property value?

The local Spanish property market also has a different age demographic compared to overseas buyers. Young families and professionals from 25-55 are the main drivers of the internal property market. Conversely, the overseas, foreign buyer’s market largely comprises of buyers between 50-70 years of age with higher, northern European budgets.

The property you currently reside in, here in Spain, will rarely appeal to the average Spanish buyer. In effect excluding around 97% of the total Spanish property buying market. The overseas property market is usually around 20-30% more expensive than the local equivalent. This is an important fact to consider when first putting your property on the market.

Will my Property Appeal

So the first question to ask yourself is: “will my property appeal to local Spanish buyers, or be better promoted to foreign buyers?”. If you aim at the local market, you will have to accept your price will need to be competitive and lower than expected. If you are targeting overseas buyers, it will have to appeal to those looking for the typical Spanish dream location, rather than a practical town or city area.

The most popular locations for the lucrative, overseas buyer’s market are as follows;

  1. Coastal apartments and villas.
  2. Golf & leisure resorts.
  3. Urbanisations close to coast/airports.
  4. Country homes with views.
  5. Cheap renovation projects/bank repos.
  6. Properties in attractive villages/hamlets.

The least popular property features include;

  1. Over-priced property.
  2. Isolated homes.
  3. Properties with poor access/long dusty tracks.
  4. Properties in agricultural town locations.
  5. Cluttered and poorly maintained homes.
  6. Unattractive, poorly designed homes.

It’s important to consider the pros and cons of your property above before contacting an estate agent. Be realistic, be objective about your property before deciding your sale price. Do some research on the internet and compare properties similar to yours. Some estate agents will take your property on at any price, but only a professional estate agent with an understanding of true property values will sell it.

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Murcia Property Owners Delighted With Low-Cost Estate Agent!

Murcia Property Owners Delighted With Low-Cost Estate Agent!

Murcia, Spain: October 2020 – By Casas247.

Property owners in the region of Murcia have reacted positively to the launch of Casas247.net  –

A brand new Spanish Property marketing platform that offers vendors ultra low cost fees for selling their Murcia property.

Traditional Spanish Property Agents tend to charge between 2.5 – 5% commission on the average property sale. Often, there are several clauses in their contracts; so what looks like 2.5% is more likely to be 5% when you see the terms and conditions.

For example, the agent may require your property to be “exclusive” to them for a long period; this means you cannot get maximum exposure with several agents at the same time. Further scrutiny will reveal that you are required to use their own legal advisors who will charge a lot more than if you choose your own lawyer.

Estate agents can also require you to use their preferred currency company. This can give you sub-optimal exchange rates because they are paying the agent a commission.

At Casas247.net there are no hidden fees or catches. We provide a full estate agency service, which includes everything for just 1% commission; payable on the completion of your property sale at the notary.