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Need to sell property very quickly

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  • Need to sell property very quickly

    Can anyone help with advice on how to sell property quickly? I have to release some capital in my property in Spain to pay debts in the UK but remortgage option is too expensive.

    Are there property auctions in Torrevieja or places to sell quickly, obviously I would sell quite alot below market value

    Any advice much appreciated.

  • #2
    Get a good agent. They will want to have exclusive sale right, and my recommendation would be to sign an exclusive contract with an agent.
    If you have it on the market with 10 differnet agents (and all with there sales signs up) None of them will bring clients to you.
    I can recommend Remax La Marina (by the tourist info in the port)
    QSD Group in Quesada

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    • #3
      were is the property bedrooms etc,

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      • #4
        Where abouts in Torrevieja is your property as you could really do with a local agent. The two named agents I know charge between 12-18% commission so even if you want to sell at a beloiw market price it wont be by the time they have put there cut on!So you could be waiting a long time. Let me now the area and I may know someone who can help.

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        • #5
          Originalmente publicado por Apple Annie Ver Mensaje
          Where abouts in Torrevieja is your property as you could really do with a local agent. The two named agents I know charge between 12-18% commission so even if you want to sell at a beloiw market price it wont be by the time they have put there cut on!So you could be waiting a long time. Let me now the area and I may know someone who can help.
          If those agents put their commission on top. then forget them. Agents shouldnt ADD the commission. the commission should be payed BY THE SELLER not the buyer.
          If you want to sell fo 100K, the buyer should pay 100k plus taxes.
          You will get 100K and from that money pay the agents the agreed commission.

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          • #6
            Market value

            Just for fun I looked at one of these 'for sale' windows (outside the Mosquito bar yesterday) and it brought a little smile to my face to see that people are still advertising their houses at 2x the prices that they are currently going for. 3 bedroom at quad Dream Hills for 180.000? The current "value" is perhaps 80-90.000, and mark my words - it is going DOWN as we speak.

            This is when you should not sell, but hold on and wait. Repossession is going to be the best business for about 2-3 years now.

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            • #7
              Originalmente publicado por JOHN73 Ver Mensaje
              3 bedroom at quad Dream Hills for 180.000? The current "value" is perhaps 80-90.000, and mark my words - .
              Difficult thing to value property, as any property is not worth more (or less) than what people are prepared to pay for it.

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              • #8
                Originalmente publicado por Apple Annie Ver Mensaje
                Where abouts in Torrevieja is your property as you could really do with a local agent. The two named agents I know charge between 12-18% commission so even if you want to sell at a beloiw market price it wont be by the time they have put there cut on!So you could be waiting a long time. Let me now the area and I may know someone who can help.
                who are those agents ????

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                • #9
                  Originalmente publicado por Nalle Ver Mensaje
                  Get a good agent. They will want to have exclusive sale right, and my recommendation would be to sign an exclusive contract with an agent.
                  If you have it on the market with 10 differnet agents (and all with there sales signs up) None of them will bring clients to you.
                  I can recommend Remax La Marina (by the tourist info in the port)
                  QSD Group in Quesada
                  Remax gets those properties from hedrealestate.com !!! so always to to them then you pay less

                  Comentario


                  • #10
                    Originalmente publicado por torresb Ver Mensaje
                    Can anyone help with advice on how to sell property quickly? I have to release some capital in my property in Spain to pay debts in the UK but remortgage option is too expensive.

                    Are there property auctions in Torrevieja or places to sell quickly, obviously I would sell quite alot below market value

                    Any advice much appreciated.
                    call to 647688015 that is somebody who can help you !

                    Comentario


                    • #11
                      Originalmente publicado por henriHED Ver Mensaje
                      Remax gets those properties from hedrealestate.com !!! so always to to them then you pay less
                      Eh? No they dont. Remax get their prperty from anywhere. They work on an exclusive basis which means that if they have it, you cant get it anywhere else.

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                      • #12
                        Originalmente publicado por Nalle Ver Mensaje
                        Eh? No they dont. Remax get their prperty from anywhere. They work on an exclusive basis which means that if they have it, you cant get it anywhere else.
                        exclusivity is not working anymore. people ( sellers ) want to sell their homes and don;t want to put their house up for sale anymore with agent who work with exclusivity. in a market where there is no need for selling your property ,YES exclusivity works but right now..... no way.
                        it for the sellers interest not to work exclusive with only 1 agent.

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                        • #13
                          Remax

                          As someone who has worked for remax marina I can confirm that Re/Max does work exclusively, but network with other Re/Max offices and other estate agents all over the world to find buyers, they don't advertise any property that is not on exclusive with them.

                          As for nobody wants to sell exclusively - how come when I went into my old office the other day they had 500 properties on their book EXCLUSIVELY and had made 60 reservations/sales this month alone?

                          Things seem to be going badly for smaller agencies, but those working on an international basis still seem to be getting something through if they're not charging over the top commissions. BTW Remax work on roughly 5%.

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                          • #14
                            Originalmente publicado por sunshinegal Ver Mensaje
                            As someone who has worked for remax marina I can confirm that Re/Max does work exclusively, but network with other Re/Max offices and other estate agents all over the world to find buyers, they don't advertise any property that is not on exclusive with them.

                            As for nobody wants to sell exclusively - how come when I went into my old office the other day they had 500 properties on their book EXCLUSIVELY and had made 60 reservations/sales this month alone?

                            Things seem to be going badly for smaller agencies, but those working on an international basis still seem to be getting something through if they're not charging over the top commissions. BTW Remax work on roughly 5%.
                            that's why remax la torre and the other remax in nueva torrevieja are already closed down..........

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                            • #15
                              Originalmente publicado por henriHED Ver Mensaje
                              exclusivity is not working anymore. people ( sellers ) want to sell their homes and don;t want to put their house up for sale anymore with agent who work with exclusivity. in a market where there is no need for selling your property ,YES exclusivity works but right now..... no way.
                              it for the sellers interest not to work exclusive with only 1 agent.
                              If you want to sell (with an agent that is). You will probably have to go exclusive. There isnt many agents who will take a client to a house which have 10 for sale signs up, all with different numbers.

                              So It is actually for the sellers interest to work on exclusive basis with an agent. However these days sellers dont have to sign contracts for 6 months or more. I have seen contracts for 2 months only.

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