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Why Is This So Cheap

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Old Feb 2nd 2007 | 5:47 am
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Default Why Is This So Cheap

Hello all

I am visiting Costa Blanca soon with one of them property companies and have been looking around the internet for alternative approaches to buying through these agencys. There seem to be some great deals but I really cannot understand why the prices vary so much. I found one property that looks superb for the price (in my range) and having dogs the location looks fantastic. What I cannot understand for size of the house and the fact it is furnished compared to a 2 bed villa it is a stupid price. With a property such as this what would be the potential pitfalls please? This is not a plug for this house please dont think that. I just need to understand the huge differences in property prices its very confusing

Thanks

Last edited by jdr; Feb 2nd 2007 at 6:02 am. Reason: Sorry but the link is a promotional one to the property company, if anyone asks you could pm the link to them.
 
Old Feb 2nd 2007 | 6:07 am
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Default Re: Why Is This So Cheap

Its probably a leader and will have just been sold if you showed interest in it, but they have similar about 30,000 dearer. ;-)
 
Old Feb 2nd 2007 | 10:55 am
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Default Re: Why Is This So Cheap

We gave up looking on the internet AND in estate agents windows, because whenever we asked about properties they were always sold .... some in the windows you could tell had been in there for months, if not years!!!!

The only way we found of sucessfully doing it was going to (as far as we could tell) a reputable estate agent, telling them what we were looking for, and going out with them for half a day to see the places.
 
Old Feb 2nd 2007 | 10:22 pm
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Default Re: Why Is This So Cheap

Originally Posted by jdr
Its probably a leader and will have just been sold if you showed interest in it, but they have similar about 30,000 dearer. ;-)
Ahh point taken thats all I needed to know. Never gave that a thought what an idiot
 
Old Feb 2nd 2007 | 10:49 pm
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Default Re: Why Is This So Cheap

Originally Posted by SmartiesUK
Hello all

I just need to understand the huge differences in property prices its very confusing

Thanks
It's a bit like buying property in the U.K. Location, location, location.

Also the price varies due to supply and demand. Some parts of Spain there is more of a supply than people willing to buy , so the price is adjusted accordingly.

Visit Spain independently, hire a car, book accommodation in parts of the country you are interested in. Make appointments with agents in those areas (this can be done at home before you go), and most importantly book that appointment with a local independent solicitor, that speaks good English, speak to them before you even look at the first property.

Good luck, remember if it looks too good to be true it probably is.
 
Old Feb 2nd 2007 | 11:43 pm
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Default Re: Why Is This So Cheap

Some properties are heavily discounted because they do not have legal permissions, or escritura as they are called here. This is another possibility.
 
Old Feb 3rd 2007 | 1:37 am
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Default Re: Why Is This So Cheap

Originally Posted by SmartiesUK
Ahh point taken thats all I needed to know. Never gave that a thought what an idiot
Not an idiot...just someone looking for a bargain and hoping not to be duped! We went over independently and visited a few areas along the Costa Durada, Costa Blanca and Costa del Sol then finally settled on the Costa Blanca after 4 years of looking and asking around. Hope you find something suitable in your price range and enjoy your new life in the sun
 

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