Asking and Selling Difference

This topic contains 8 replies, has 6 voices, and was last updated by  Inez 10 years, 5 months ago.

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  • #54038

    Anonymous
    Participant

    Is there any way of finding out the selling price of properties in a region. The Spanish House Price Index on Kyero reflects the asking price of properties on their website. Which shows very little change in the area I’m interested in. The message I am getting from posters on this site is that sellers are having to accept offers sometimes well below the asking price.

  • #83567

    Anonymous
    Participant

    Villan

    due to the currret situation, i would think data is out of date before it reaches print! Depending on the area, it’s probably ”how much are you offering”……..that’s probably the selling price, or at least the best place to start.

  • #83570

    mike
    Participant

    @Villan wrote:

    Is there any way of finding out the selling price of properties in a region. The Spanish House Price Index on Kyero reflects the asking price of properties on their website. Which shows very little change in the area I’m interested in. The message I am getting from posters on this site is that sellers are having to accept offers sometimes well below the asking price.

    I would imagine that people are still being cute, I expect in a year or so they’ll get desperate.

  • #83573

    Anonymous
    Participant

    “Is there any way of finding out the selling price of properties in a region. The Spanish House Price Index on Kyero reflects the asking price of properties on their website. Which shows very little change in the area I’m interested in.”

    Hi Villan,

    if you are interested in Fuerteventura, try also searching german sites. Prices in Costa Calma, Jandia and other german populated areas are dropping fast.

    If you only want in British populated areas, in Corralejo for example some properties in
    Pueblo canario went down from 130K to 100K. Also in El Cotillo some prices went down by 20% in the last 2 years.

    I do not follow Caleta de Fuste as I dislike the area.

  • #83593

    Inez
    Participant

    The short answer is no. You may be advised to try the notary in the area you wish to buy as this would at least show the declares amounts, but the actual selling price in mopst cases is only known to the agnet, buyer seller, their lawyers and the notary!

  • #83632

    Fuengi (Andrew)
    Participant

    you can always check with a valaution company such as TINSA. price per m2 and so on.these are averages, but still useful information

  • #83633

    Inez
    Participant

    Yes but those are official valuations and not what the property actually sells for.

    It does need an open system here – in the UK comparables are used so its easy to work out what one should be paying, or at least what the market is dictating.

    Here its the seller or the agent placing the ‘value’ or price onto the property

    Its something I have always had an issue with

  • #83646

    Fuengi (Andrew)
    Participant

    @inez wrote:

    Yes but those are official valuations and not what the property actually sells for.

    It does need an open system here – in the UK comparables are used so its easy to work out what one should be paying, or at least what the market is dictating.

    Here its the seller or the agent placing the ‘value’ or price onto the property

    Its something I have always had an issue with

    true, but TINSA valuations are generally very accurate. then knock of 20% for an 80% mortgage, and that should be the selling price.
    And for what its worth, many mortgage brokers won’t use them as the valuations are not generally high/optimistic enough. You get a high valuation from TINSA, you should be happy

  • #83789

    Inez
    Participant

    I agree Tinsa are good, but as many buyer are trying (not any more though) to achieve the 80% LTV(only a couple of lenders doing this) AT 100% of purchase contract price BUT including the purchase costs, the true offering price is between 60-70% of that valuation.

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