Selling my property privately

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This topic contains 17 replies, has 10 voices, and was last updated by Profile photo of mike mike 9 years, 4 months ago.

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  • #52989
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi all.

    I want to sell my 2 bed apartment in the Mijas Golf area.

    I’ve spoken to a number of local agents who promise me a quick sale for the usual 6% commission 😆

    I’m considering going down the private sale route and wondered if anybody has experience of Kyero.com who appear to have a large internet coverage across Spain.

    Any advice you can offer in this area would be much appreciated.

    Thanks.

  • #73283
    Profile photo of Anonymous
    Anonymous
    Participant
  • #73287
    Profile photo of katy
    katy
    Spectator

    I would not go for any of the ones that charge as they are just money makers. Also have a look at another thread on here re. scammers. Mark published an excellent article in last weeks Sunday Times which is worth reading.

    Do you know you can advertise on this site for free (if you aren’t commercial)?

  • #73297
    Profile photo of Anonymous
    Anonymous
    Participant

    From what was said on that recent podcast
    http://spanishpropertyinsight.com/forums/viewtopic.php?t=2357, Kyero don’t currently do private advertising at the present time as their business model and IT is based on multi listings from agents .

    The Move Channel (TheMoveChannel.com) allow private ads and are linked from the large fish4homes overseas section.

    You can get a large private for sale sign for 35 and 45 euros depending on size from Signs R Us in San Pedro

  • #73299
    Profile photo of Anonymous
    Anonymous
    Participant

    Thank you all for your comments, the articles by Mark make interesting reading.

    For now I’m going to list my place with one or two of the free private sites and carry on renting it out to holidaymakers, which I do anyway. I’m also talking to one of the bigger local agents.

    Whatever happens I’m determined not to get ‘suckered’ into selling at a ridiculous price just to shift it. Even with an owners bias 😉 I think my place represents excellent value in the Mijas area, and it stands out head and shoulders above much of the dross along the coast in this area in terms of quality and it’s location.

    Any other advice would be gratefully received.

    Regards.

  • #73323
    Profile photo of Anonymous
    Anonymous
    Participant

    @Jonners wrote:

    For now I’m going to list my place with one or two of the free private sites and carry on renting it out to holidaymakers, which I do anyway. I’m also talking to one of the bigger local agents.

    As mentioned in the press http://news.bbc.co.uk/2/hi/business/6253264.stm,
    Tesco have moved into the property market where owners can sell direct for £199. http://www.tescopropertymarket.com

    Most properties listed there take you to fish4homes website and their link to ‘overseas property’ lists homes advertised on The Move Channel. Therefore, despite it’s 1997 appearance, it may be worth a go at around £69

  • #73483
    Profile photo of Anonymous
    Anonymous
    Participant

    PJA, aren’t these sites only for uk properties rather than oversea props? Are you aware of any good websites where you can advertise your overseas property (for selling and long term renting) without being an estate agent?

    Do you think it is worth advertising in the uk publications or is it better to just stick to the spanish rental sites based in Spain, so to speak?

    Thanks

  • #73500
    Profile photo of Anonymous
    Anonymous
    Participant

    The Dalton’s Weekly website always has lots of Spanish properties for sale.

  • #73505
    Profile photo of Anonymous
    Anonymous
    Participant

    @lavinia wrote:

    PJA, aren’t these sites only for uk properties rather than oversea props? Are you aware of any good websites where you can advertise your overseas property (for selling and long term renting) without being an estate agent?

    Do you think it is worth advertising in the uk publications or is it better to just stick to the spanish rental sites based in Spain, so to speak?

    Thanks

    The Tesco site and fish4homes.com (that Tesco links to) are UK but the ‘overseas properties’ link at the top of fish4homes is themovechannel.com where private sellers can advertise and has a page 5 ranking.
    If your property gets passing traffic you can get a professional sales board as mentioned earlier and even get your own website. I would still also use a local estate agent at the same time.

    You can also try Daltons weekly etc but that gets expensive after while

    For long term rents I think the best place is the SUR in English newspaper but as ever, be cautious who you rent to

  • #73507
    Profile photo of Anonymous
    Anonymous
    Participant

    @Jonners wrote:

    I’ve spoken to a number of local agents who promise me a quick sale for the usual 6% commission

    OK – yes you will get a quick sale – dream on! Unfortunately, the agents at 6% (presume that is 5% plus IVA) are on the whole shifting little or nothing at the moment! A few properties are moving via the IN network agents (9% commission) but only those that have been priced down to realistic levels. A lot of those sales are being acheived by one agent who seems to attract most of the genuine buyers but who will ensure the price is trashed to an absolute minimum. If you will not drop low enough one of the owners of other 20 similar properties will!

    There is at least one agent locally now going down the 2% route and he is selling a few as he is actually pushing his commission levels in his sales pitch to potential buyers (ie it is the buyer who ultimately pays the commission!) and is also one of the few agents on the coast actually marketing agressively at the moment.

    Mijas Golf has so much for sale, the market is flooded and very little is selling there. Golf is no longer attractive – the green fees etc on the CDS are so high. Mijas Golf and La Cala Golf are two areas where properties need, and are starting, to fall by 30-40% to reflect their true value – everything was so over priced and so many are now for sale. I think these two areas will be big losers in the current price adjustments (I do not think we will see a crash overall – but selective areas will)

    Where I have been seeking a new property for myself, I have seen details of so many villas in that area (including new builds) that had been on sale in the 800,000 to 1,000,0000 Euro bracket over the past year falling by up to 300,000 and they are still not selling. They need to fall still further to reflect their true values and attract buyers.

    Golfers are not buying on the CDS in general (and as a non golfing resident I must admit to being happy at that!) and non golfers would not consider these golf properties that have nothing to offer other than the golf – everything is a 15 Euro plus taxi ride away. So much is available on and near the coast in Mijas Costa and also in Mijas Pueblo that ticks so many more boxes for non golf buyers. Those seeking a rural location will not look at those golf properties as they are just a concrete jungle of overbuild. Coin and the two Alhaurin’s up the road, offer the rural properties with the Pueblo facilities and some character at a lot less money and only 10 km up the road.

    Take a look at the IN and Infocasa system sites and you will see just how much is for sale in those two areas. To sell, you will need to look at last years Bank Valuation less 30-40% and even then do not expect to move the property fast.

  • #73511
    Profile photo of katy
    katy
    Spectator

    As a golfer myself (not a very good one 😳 ) I agree with that. Many golfers are now looking elsewhere for golfing holidays. courses have been ruined by over development, on a few it is like playing through a council estate. Only a handful are still unspoilt. Prices have dropped dramatically this summer, but not many want to play in this heat.

    Many non-golfers buy into these developments thinking that hordes of golfers will flock to rent/buy them, but, golfers want to be near the action and travel to a different course every day, they don’t wan’t to stay out in the sticks on some third rate course.

    I get the impression that the market is dead as the same properties are on the market all the time. Everyone I know who is trying to sell have been in the same position for months on all the Costas. Haven’t seen a quality development built for years, I wouldn’t even buy a dog kennel off-plan in this country.

  • #73513
    Profile photo of Anonymous
    Anonymous
    Participant

    @katy wrote:

    I wouldn’t even buy a dog kennel off-plan in this country.

    By the time it was built (with all the delays), the LFO issued (with all the delays), and snagging sorted (with all the delays), the dog would be dead.

  • #73514
    Profile photo of katy
    katy
    Spectator

    😆 😆 Or you would be trying to fit an Alsation into a kennel built for a poodle!

  • #73515
    Profile photo of Anonymous
    Anonymous
    Participant

    I’ve just had the chance to look at http://www.eureka247.com and it looks quite impressive (thanks jiminspain for pointing it out). I like the fact you can search by exact location.

  • #73516
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi PJA, this one may be worth a look! the main reason is that it gets lots of hits from other nationalities. It cost nothing so whats to lose, the more exposure the better chance of finding a buyer.
    http://www.immo4free.com/index.php?#start_here

  • #73521
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    @Jonners wrote:

    Hi all.

    I’m considering going down the private sale route and wondered if anybody has experience of Kyero.com who appear to have a large internet coverage across Spain.
    Any advice you can offer in this area would be much appreciated.
    Thanks.

    ok.
    First of, Kyero.com does not deal with private sales, so it won’t be much good.

    Next the best thing you can do is go on to google and type what you see as useful ‘key words’
    Example:
    Mijas golf apartments
    2bed/2bath apt mijas golf
    golf apartment for sale
    etc….

    Choose words you think apply. Then see was pages google shows you. Then when you find a property portal do the following (i’ll use kyero as an example
    Take the web address: http://www.kyero.com
    Type in the google search bar: site:kyero.com
    under the google search bar there is a blue bar that says ‘web’ on the right hand side of the page it tells you how many ‘results’ are found. In this case 278.000.
    Any web portal worth its salt should be in the hundred thousands range. If not don’t waste your time. Spainhouses.net for example is in 4 languages and gets 970.000 ‘results’.
    The more results the more likely google will place it higher on the page when people are searching.

    Also type in the searches in spanish, and any other language to see the results. Maybe one portal does badly in english and ranks very high in spanish, or vice versa

    Last but not least, if you have’nt done it don’t forget the private sales forum on this site.

  • #73664
    Profile photo of Anonymous
    Anonymous
    Participant

    As ever thanks for the great advice, please keep it coming.

    OK – yes you will get a quick sale – dream on! Unfortunately, the agents at 6% (presume that is 5% plus IVA) are on the whole shifting little or nothing at the moment! A few properties are moving via the IN network agents (9% commission) but only those that have been priced down to realistic levels. A lot of those sales are being acheived by one agent who seems to attract most of the genuine buyers but who will ensure the price is trashed to an absolute minimum. If you will not drop low enough one of the owners of other 20 similar properties will!

    paulandlyn, I think the laughing ’emoticon’ after my comments about the local agent getting me a quick sale might have been a clue to my opinion on the matter, but thanks for putting me (and every other forumite) straight!!!!

    I’m well aware of the problems in the local market and if nobody wants to buy my apartment then, as previously mentioned, I will keep it, use it and enjoy it. I’m not a golfer, my apartment is not directly on a golf course and so I haven’t paid that premium for it. However, in a market plagued with poor quality, badly sited properties the development that I’m on does stand out for all the right reasons.

    Thanks again for all your helpful comments, both positive and negative. I have to say though that after reading some of the postings on this site I’m left with the impression that nobody should bother trying to buy in Spain, nobody should try to sell and nobody should try to rent their property out either. All a bit confused and rather sad really, thank goodness that the Wright Brothers and Alexander Graham Bell didn’t have forums to read or we’d never have seen an aeroplane or been able to make that first phone call. 🙄

  • #73694
    Profile photo of mike
    mike
    Participant

    @Jonners wrote:

    All a bit confused and rather sad really, thank goodness that the Wright Brothers and Alexander Graham Bell didn’t have forums to read or we’d never have seen an aeroplane or been able to make that first phone call. 🙄

    I doubt any of them would be able to make money in the Spanish property market today.

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