- May 12, 2007 at 6:50 am #52881
I thought I would share with you something that happened this week. I decided on Monday to sell my house (actually I decided ages ago but last week I was given an opportunity for opening something up to do with music and needed to sell fast)
Having already advertised it in all the usual places (and had a decent response) I thought I would try something a little different.
I emailed all the people I know in my address book and basically told them what I was planning to do and that I needed to sell quickly, could they pass this message on to their friends and family etc.
Within 2 days I was showing people around and (touch wood) have since found a buyer
Not only that but one of my neighbours who has been trying to sell her property for a year now asked me how I managed to get so many people round and asked me to sell hers for her – I have shown some of the people round her place and (again touch wood) have an interested party who has made an offer.
So if any of you are out there desperate to sell but don’t seem to be making headway – why not email all your friends and family and ask them to pass it on – you may be surprised by the result.
One word though – I did drop my price to below market value – but I have had people come down from Madrid, Barcelona, and even come over from the UK. If I really wanted to
I could have pushed the price up again because there were four people made offers, however I stated my price and basically said the first to put a written offer with a deposit would get it – at the price I had set.
The internet is a powerful medium and email more so. Most big businesses know this (hence the reason we have so much spam)
But once in a while people do not mind helping others out
Give it a try and you just never know
Best of luck
- May 12, 2007 at 9:00 am #72029
Hope it all works out well for you Vince. Does that mean you will be an EX REA? 😉
- May 12, 2007 at 9:03 am #72030
Well I hope so Claire – my intention is to concentrate on the music and finish the CD off. Then just og out touring and actually one of the people who made contact was in fact a tour manager – so there may be more good news to come.
But I will still be passing comments on the Spanish property market from time to time – I still have my other place where i live
- May 12, 2007 at 9:08 am #72032
I hope you will be around. You give good ,unbiased( most of the time! 😆 ) advice. Good Luck and keep us posted please.
- May 12, 2007 at 9:50 am #72033
Ah you dont get rid of me that easily.
As I said I still have a property here and I am still very interested in the property market – and will still consider investing again but this time in my time and on my terms using the experience and knowledge I have built up over the past four years)
What is really bizarre though is that not having had many viewings in the past 3 months and then all of a sudden loads – today alone there are 6 people coming to look at it and I think my neighbours may have sold theirs to one of them that came this morning.
Like waiting for a bus – none come for ages then all of a sudden they all crawl out the woodwork. But it does show that there are still buyers around – s it isnt all doom and gloom (they just want to pay peanuts nowadays)
Good luck to all and hope you have a successful weekend
- May 12, 2007 at 11:15 am #72034
Hope you secure yourself a buyer. I shall be selling too this summer and will be going down every and any possible (legal!) route to sell privately.
- May 14, 2007 at 7:11 am #72051
good luck with your plans, and your idea to sell sounds good from a business point of view, i just couldn’t advise anyone to buy at the moment though with a clear concience, unless the price was very cheap, and i was aware that they realised that things could get even worse and prices might well drop even further and ability to sell could well get much harder?
All the best and please don’t go away, you have made many superb contributions that i’m sure have helped many people.
- May 14, 2007 at 9:57 am #72057
I am new to the site, so can you tell me what does REA mean? Also, if you don’t mind me asking where is your property and what did you mean by the ‘normal routes of advertising’?
- May 14, 2007 at 11:07 am #72062
REA = Real Estate Agent.
- May 14, 2007 at 11:20 am #72063
Thank you HillBilly.
- May 14, 2007 at 6:18 pm #72073
By normal routes of advertising I meant
1. Advertising in local press
2. Advertising on various internet sites
There are many other ways you can advertise as well such as
1. Dropping leaflets in your local area
2. Going to local market days and rastros and handing out leaflets
3. Putting a notice in local bars and newsagents
4. Sending out an email to friends and family
When I decided to sell my house 2 weeks ago after having had a renter in for 6 months – I decided I wanted a quick sale. Had a look around at what prices were about and pitched about 15% under the typical price. Then basically put my property everywhere. The latter (sending emails to everyone I knew) yielded positive results as did putting it on various websites. In one week I have received 32 enquiries, had 12 visits (and 2 more pending) and received 3 offers – one at full asking price
The important things are
1. Set your price right – if you really want to sell then make sure you are pitching below everyone around you. Almost everyone who came said the same thing – they couldnt believe what a bargain it was compared to everything else. You dont even have to go 15% below so long as yours looks the best value.
Also think about how search engines work. They have search fields forprice – 100-150,000 150,000 – 200,— etc. If you want say 200,000 – is it best to put it in at 199,999 so it comes at the top of the 150-200 range or would it be better viewd alongside other property in the more expensive bracket – making it look a bargain by comparison (but be careful because you may miss out on a lot of buyers because it is just outside their range))
2. Once the price is right, get about telling everyone you can. There are 30+ sites that I know of that allow individual private buyers to put a free advert on. Some are no good others are variable but others are excellent – however put it on all of them – you just never know who may be looking.
3. Get it out in your local neighbourhood. My sister told all her Spanish students that I was selling my house – most of them knew it or knew of it and some even came to look because the price was excellent. One of them actually put in an offer.
4. Send an email to your friends and ask them to send it on. I had four visits through this method
5. Use estate agents – tell them you have an excellent value property but will only let them sell it if they agree to your commission – I set mine at 3% – they all agreed because it is better ot have a house likely to sell at a reduced commission than no sale at all. (some will insist on their usual commission in which case tell them to go jump in the lake)
By the way my house in is a place called Oliva 1 hour South of Valencia.
- May 14, 2007 at 7:00 pm #72074
I really hope things work out well for you because your contributions have been very helpful,especially to a newbie like myself. I have found them to be thoughtful, well written, precise and selfless and have contributed hugely to my making decisions about my forthcoming move to Spain. Cheers.
- May 14, 2007 at 7:39 pm #72076
Thank you for your indepth reply. Are you able to name the ‘excellent websites’ you used?
I have to agree with some of words of the other users on this forum, the advice you give is selfless and you come across as very nice human being. Good luck with your sale and future plans in the music industry.
- May 14, 2007 at 11:56 pm #72080
many thanks for your comments and it is greatly appreciated.
Have sent pm with details of websites. Hope these work out for you
Good luck and best wishes
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