Should I sell my property in Costa Del Sol now or should I really wait?
What is the property market in
your area doing right now? Are property prices rising, are they falling, is it staying
level, and what do I do to find out about what the market in each particular
area is currently doing.
It
all depends on what prices are being achieved in each area for each type of
property, its price range and how many similar or better properties are on the
market at once competing with yours.
The
price what you require for the sale of your property in Costa Del Sol might not be currently
achievable at that particular time you wish to sell.
It likewise relies upon demand in that particular area of the market, the number of clients that are actively looking for either investments deals or a particular property for personal use.
It’s
always advisable to check what similar properties in your area are current
selling for, how many are for sale, and what prices they are realistically
achieving.
This
will always give you a good reference as to what your property in Costa Del Sol has to compete
with.
Remember that if you do chose to hold on and see what the future market will do, you can never be sure of what it will be like this time next year. It might be that others don’t have the option of waiting and have to make a distressed sale with their property.
We
also see a huge overabundance of bank repossession sales, and you will be going
up against a higher number of properties available but with the same number of clients
looking to buy in that particular sector.
"Generally
speaking though, if you feel now is the time to sell, to move forward or
lifestyle change, this is the ideal moment to sell and get the property seen on
the market."
There
are presently far less people buying property in Costa Del Sol than what we have been accustomed to in
previous years; yet, there are buyers out there in any case. We hear so much of
people searching for a bargain or a distressed property. This is always in the
media who like to paint picture that the real estate market over here is going
through a distressed time.
Actually, while some people will come and purchase
due to price alone, most are searching for the same reasons as they have done
in previous years. While the cost of a property is of utmost importance in the
choice making process, most purchasers still priorities their choice of
location, quality, property type, with the living space that suits their
personal needs.
You
will find that there are potential purchasers for your property out there,
always if it is being marketed correctly. If you have marketed your property
and are not receiving any viewings on it. See if the price you are asking is
achievable with the current market. Are the photos showing the property in a
good light? Clients that have their property priced correctly will always
achieve viewings from buyers.
Please
email us if you wish to know more on this matter.
