Re: Re: Some interesting properties for sale in Spain

#111554

Anonymous
Participant

@katy wrote:

It won’t happen, people wouldn’t bother to sell at that price. For the ones with mortgages it isn’t worth doing. The ones that don’t have mortgages just won’t sell until the time is right. I know quite a few people keen to sell on the CDS but they won’t unless they can get the price they want. But as I said….dream on 😆 😆

When we looked for bargains in 1995 our first priority was location and it would be in any country.

Homeowners may not be prepared to sell at a stupid price but the bank that repossessed the property will be prepared to sell at a stupid price just because by keeping the property on its books it is costing the bank money all the time and they will literally do anything to get rid of it! Alternatively, apart from buying a repossession from a bank you can try buying a property at an auction for a knockdown price.