How do houses really sell?
 

A two-tier question, really.... are houses really selling and at what drop on the prices they're advertised at? And do most houses still sell through estate agents or has t'internet scuppered that by way of private website/blog sales or online 'agencies'?
Yes we're talking about selling, but then we've talked about selling virtually since the 2nd year after buying!
It just strikes me there's a lot of smoke and mirrors and we all know houses remain unsold for ages..............so those that DO eventually change hands, how?!!

Re: How do houses really sell?
 

My house sold with the second viewer that looked at it through an estate agent. I owned it for about 8 years and lost hardly anything on it. Considering the markets, I consider I did quite well

Re: How do houses really sell?
 

Some of that, if not all, will be down to the exchange rates and where they were when you bought then sold, though.... it's the same for many of us, potentially, if only we could see it that way. And of course depending on whether we're buying back into the UK market.

Re: How do houses really sell?
 

Yes..property is selling but at a much lower price than the asking price. It all depends on the location and the price but in the south of Spain there has been a big rise in property sales from Russians and Northern Europeans again. Properties are sold by estate agents and by private sales but the agents have the edge as they have a larger client base to draw from.

The good news is that property prices are slowly rising again because of demand.

Re: How do houses really sell?
 

around 2.5 years ago, a house we wanted to buy was on the market for 500,000 € ........ we offered 400,000€

a slightly smaller house on the same urb had sold for 350,00€ a few weeks earlier - our offer was rejected even though it had already been on the market for over a year


it sold a few weeks ago for 300,00€

Re: How do houses really sell?
 

Pisos aren't, according to this from 2 days ago, they are still dropping.
http://www.abc.es/economia/20131118/...311151825.html
And the article tells us there are another 1.3 million being built, to add to the already million odd unsold. Let's hope there are lots of Russians and Chinese on their way, there will need to be to shift that lot! ;)
Tenemos en España alrededor de 1,3 millones de pisos en proceso de construcción,
In Córdoba house sales fell nearly 50% last month, depends very much where you are.
La compraventa de viviendas en Córdoba durante el pasado mes de septiembre se desplomó un 49,3 por ciento en relación al mismo mes del año pasado.

Re: How do houses really sell?
 

You told you that, an estate agent? :D

Re: How do houses really sell?
 

It must vary hugely by area. Madrid and Barcelona are very different from CDS or the Campo.

On the CDS near here (Estepona to Malaga) there are thousands of built and semi-built apartments - none moving at all.

In our village I have seen three houses recently - one bought/reformed for around 500,000, on the market for 225,000 - a few viewings, no serious offers. Another on the market years ago at 580,000 now on at 280.000 not even any viewing and I went to see a four bed townhouse habitable but with massive potential for development at 50,000. A house we used to rent was on the market at 240,000 - now at 140,000 but rented out.

It must be better than that somewhere surely?:(

Re: How do houses really sell?
 

I know someone in Mijas who recently sold their 4 bed villa with pool for 220k euros. They had it up for sale and empty for 5 years. In 2007 they had the price up for 675k! That was how much the estate agent said it was "worth"

220k was actually exactly the same price they paid for it in 1998

Re: How do houses really sell?
 

2 bed apartment, Frigiliana. Had it on with an EA for 12 months. Nada. Not one viewing

Advertised it on rightmove at the same price and it sold in 3 months, after 3 viewings and 5 enquiries. Saved me over €4,000 in agent fees, as well.

I would now recommend a personal advert on rightmove.

Re: How do houses really sell?
 

Hopefully!:rofl: The old adage "location, location, location" has never been truer (and price!). Here in UK there is a house near me, a good buy, good price, I don't think it has had any viewings, my niece in London has sold two houses recently, both within days and above the asking price. According to this (a few months ago) interest in Spain is up considerably, whilst prices down, but as the article points out most were well overpriced before the slump, so are now at a more realistic level. A mortgage broker tells us we "can now buy with confidence!" :rofl: Well he would, wouldn't he!
http://www.telegraph.co.uk/finance/p...sh-buyers.html

Re: How do houses really sell?
 

The house I sold 2 yrs ago had an advert on the gate, however there was a lot of people passing, although it sold to someone local.

Price wise it was always my intention to move to a sterling area, therefore I lowered the € price in relation to the exchange rate and achieved my sterling target.

Re: How do houses really sell?
 

For sure, but my point was that it sold very quickly ... took us by surprise tbh as we were assuming we would be renting and using it for the next year at least

Re: How do houses really sell?
 

Simple questions, but I would suggest answers are not so straight forward.

Any house will sell if the price is right.

% drop under advertised is not really valid question. Many are overpriced others are priced to sell and some are discounted to bargain basement.

IMHO a good EA is the most reliable way to sell your property at the best price.

Your chance of selling is determined by the location. Houses on the costas sell easier than those half way up a remote mountain track.

Re: How do houses really sell?
 

Everyone uses Rightmove anyway, in the UK you drive past something with a For Sale sign and by the time you get home you've forgotten who was selling it. Just key the area into Rightmove's site and nine times out of ten it appears. :thumbsup: