How to sell Spanish real estate fast

April 21, 2010 - PRLog -- How to sell Spanish real estate fast

Believe it or not you can sell your Spanish property in a matter of days. The key is to set the right price.

A couple years ago a property in Mallorca selling for 500K was sold within 2 months, nowadays the same property will not even sell at 450K, but might stand a change if its priced between 350-400 K. ( For properties in Mallorca visit http://www.yovi.es )

Many investors and 2nd home owners who bought Spanish property and have to sell would like to close their eyes and wait until their nightmare is over. They are faced with the decision of having to sell their property at a loss.
Most of these investors would rather wait a little longer and see what happens. They might think about the recuperation of the US housing market and they desperately are focusing on the positive economic figures in Europe.
What these investors are disregarding is simple fact of Who in their right minds would want to buy a property which has been in the market since a long time and for the same selling price?. The chances of finding a buyer ar very very slim.

So here a couple tips when selling Spanish property.

1) Sell at the right price
Try to be realistic when selling Spanish property. If your property is not selling its because of the price.
Lower the price of your property and you will be amassed to see what the effects are.

2) Be sharp
When your property comes into the market invest heavily in promoting it. The first couple of weeks are essential when trying to sell the property. The longer your property is in the market the less chances it has.

3) Compare prices
Check what similar properties are selling for and price your property in a competitive way.

4) Seek professional assistance
An estate agent will probably help you filtering potential buyers and curios not wanting to buy buyers.

5) Be calm
When showing a property to a potential buyer do not give him the sensation you desperately want to sell. Do not overly exaggerate the positive points of the property.

6) Do not disregard offers
If someone makes you a valid offer, one that is within reason, do not disregard it or you might regret it later on.

7) Using social media and other property portals
Make sure the property is priced the same in all the media and with your estate agent/s.
Having different prices is suspicions and scares buyers off.

8) Using an attractive ad
Properties that do not have pictures do not sell. Also make sure to provide good descriptions and if you can make a video presentation.

9) You sold your house, or maybe not.
Let say you found a buyer. Make sure is has the credit to buy it. Make sure he can get a mortgage.
Make sure that when a deposit is paid to in case the sell is canceled. Do not take the for sale sign off until the sell is completed.

For Spanish properties visit http://www.spanishestate.com

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Mallorca property market information provide by yovi.es. Independent property portal offering properties for sale and rent in Mallorca, Spain.