help in buying in Valencia

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This topic contains 14 replies, has 7 voices, and was last updated by Profile photo of Chopera Chopera 4 years, 6 months ago.

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  • #56824
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi,

    I am thinking of buying a flat in Valencia city.

    Does anyone know the equivalent of rightmove.co.uk in spain that I can use to do the internet search ?

    I have actually used rightmove to do the search and they only seam to have repossessed properties sold via cam bank.

    I want to compare their properties with normal properties on the market.

    thanks very much

    Omer

  • #108776
    Profile photo of Anonymous
    Anonymous
    Participant

    I would advise you to wait for at least one year before buying. Things can go downhill fast, you might buy in Pesetas (with about 50% discount as compared to Euro), or the Spanish banking system can go down or many other things can happen.

    If you still want to buy , go to

    http://www.fotocasa.es

    or

    http://www.idealista.com

    or

    http://www.kyero.com

  • #108777
    Profile photo of Anonymous
    Anonymous
    Participant

    Thanks very much for the response.

    Do you know tecnocasa.es ? They have a lot in valencia and they seem to be cheaper then the ones on kyero ..

    Thanks..

  • #108819
    Profile photo of Chopera
    Chopera
    Participant

    @omer wrote:

    Thanks very much for the response.

    Do you know tecnocasa.es ? They have a lot in valencia and they seem to be cheaper then the ones on kyero ..

    Thanks..

    Tecnocasa is an agency (a franchise in fact – they are all over Spain). They handle Spanish residential property in cities while Kyero is more focused on expat property on or near the costas. Most Tecnocasa property should appear on fotocasa and idealista anyway. Tecnocasa property looks cheaper because they move about 3% of the sellers fee onto the buyer, in return for getting the seller to drop the asking price by 3%, so the asking price looks lower but the buyer has to fork out an extra 3%. It’s a cheap and dirty trick used by cheap and dirty agents like Tecnocasa. If you visit a property with them you can expect to be cold called for up to 6 months later. Avoid them if you can.

  • #108829
    Profile photo of katy
    katy
    Spectator

    Hope you are paying mark for all this advertising you are doing 🙄

  • #108989
    Profile photo of katy
    katy
    Spectator

    Hope you are paying mark for all this advertising you are doing 🙄

  • #108828
    Profile photo of Anonymous
    Anonymous
    Participant

    @katy wrote:

    Hope you are paying mark for all this advertising you are doing 🙄

    Commercial post deleted. They come along from time to time 😡

  • #108987
    Profile photo of Anonymous
    Anonymous
    Participant

    @katy wrote:

    Hope you are paying mark for all this advertising you are doing 🙄

    Commercial post deleted. They come along from time to time 😡

  • #108848
    Profile photo of Anonymous
    Anonymous
    Participant

    Probably the best for you is to deal directly with the banks that have invested heavely in Valencia and surrounding as:

    http://www.bankiahabitat. com for example. They have all the assets that were from Bancaja Valencia.

    And the other advantage probably , is that they can offer finance on their own stuff. On private resales it will be more dificult with the finance.

  • #109026
    Profile photo of Anonymous
    Anonymous
    Participant

    Probably the best for you is to deal directly with the banks that have invested heavely in Valencia and surrounding as:

    http://www.bankiahabitat. com for example. They have all the assets that were from Bancaja Valencia.

    And the other advantage probably , is that they can offer finance on their own stuff. On private resales it will be more dificult with the finance.

  • #108852
    Profile photo of Anonymous
    Anonymous
    Participant

    Not long ago these banks didn’t price their properties anywhere close to current market prices. Not sure how it is now.

    To me the goverment should do something about the fact that banks that have “a power of attorney” to print money should not discriminate private buyers or sellers since this power is handed to them by the people through the fractional reserve banking system. The population bails the banks out and then they can’t even get financing for when someone with good credit ratings wants to buy their property.

  • #109034
    Profile photo of Anonymous
    Anonymous
    Participant

    Not long ago these banks didn’t price their properties anywhere close to current market prices. Not sure how it is now.

    To me the goverment should do something about the fact that banks that have “a power of attorney” to print money should not discriminate private buyers or sellers since this power is handed to them by the people through the fractional reserve banking system. The population bails the banks out and then they can’t even get financing for when someone with good credit ratings wants to buy their property.

  • #109275
    Profile photo of Anonymous
    Anonymous
    Participant

    I noticed a lot of private sales on various web sites. Does anyone have a view on private sales as from what I can see privately sold properties are better priced judging by the photos.

    Thanks very much

    Omer

  • #109276
    Profile photo of Anonymous
    Anonymous
    Participant

    omer in my opinion an agent should be able to help both buyer and seller in many areas but in practice it has sadly been so that the agents themselves have been one of the biggest reasons for why the buyer/seller has ended up with problems.

    If you buy make sure you make all the necessary background checks first… have the sellers paid the community fee is the plot legal etc?

  • #109277
    Profile photo of Chopera
    Chopera
    Participant

    @omer wrote:

    I noticed a lot of private sales on various web sites. Does anyone have a view on private sales as from what I can see privately sold properties are better priced judging by the photos.

    Thanks very much

    Omer

    I have bought and sold privately without much of a problem. If you are not familiar with the system in Spain then you’ll need a lawyer, but as a buyer there is no real reason to use an agent. In fact private property is often cheaper because the seller can cut out the agent’s fees. I often see the same property listed twice on idealista – once with an agent and once privately. The private listing is often cheaper for this very reason.

    If you are unsure about the market in Valencia then I strongly advise you to rent there first. The costs of buying and selling in Spain are high, and if you don’t like your purchase it may take years to sell it. You need to do eveything possible to get it right first time.

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