Spanish Property Market Crash - How to Sell Your Home in the Spanish Property Crisis

div id="body">moves elsewhere - and he may just be your long
Few things can be worse than trying to sell asought after buyer!
Spanish property during the current Spanish6. Make the best of your Spanish property. Keep
property crash. Competition for the few availableit tidy, smelling fresh and always clean. Get rid of
buyers is ferocious and, all too often, your onlyall clutter, as 'less is always more' when it comes
obvious selling tool is price. And the only way thatto displaying a property. Lots of furniture and
price makes any difference is when it is muchtrinkets can make a house look smaller and
lower than the competition - which makes it adarker than it is and no-one is likely to buy your
very crude weapon. So, what else can you do toproperty in Spain because they are attracted by
sell your property in Spain?a display of your personal possessions. Equally,
1. Control the price at all times. In Spain, it is quiteopen all shutters/persianas and curtains -
common to tell Spanish estate agents the priceparticularly the heavy Vellum curtains so beloved
that you want and to then allow them to placeof the Spanish, to prevent the sun coming in.
whatever commission they want on top of the7. Make sure your property in Spain looks well
minimum price you require. Thus your Spanishmaintained. Buyers are always wary when a
property can end up being marketed for aSpanish property looks as though it will require
bewildering number of different prices (dependinghigh maintenance or needs a lot of intial work to
upon the differing commission structures of thebring it up to standard. Fix dripping taps, damp
Spanish estate agents concerned). This can meanpatches and flaking paint etc. These may be small
that potential buyers, tracking your property on aitems but they will indicate to a buyer that
number of web sites, will lose confidence in yourprobably greater problems exist - whilst another
property (and you, as the seller!). Much worse -similar house to yours may look trouble free.
should you want to change the price of yourAlways give yourself the edge!
Spanish property, you cannot guarantee that this8. Be relaxed and confident when a buyer comes
will be reflected accurately by your Spanishto see your property. Do not over-sell your
estate agents. So, always make sure that theSpanish property to a potential buyer. Normally,
market price/advertised price of your property isbuyers have made up their minds, one way or
the same for all estate agents and includes theiranother, within the first five minutes of seeing a
commission.property in Spain - and neither an estate agent
2. Market widely - unless a sole estate agent cannor yourself will be able to bludgeon a buyer into
deliver a high profile marketing package. Use aschanging their minds. Usually, it is best to leave
many Spanish estate agents to market yourprofessional Spanish estate agents to show clients
Spanish property as you can find - over a widearound your Spanish property. They will be able to
geographic area. Buyers coming to Spain are'read' the potential buyers best and will then direct
often not particularly location sensitive and, if theythem to you - if the clients have any relevant
like the look of your property and (importantly)questions or the estate agents think that you can
the price, will often travel some distance fromcontribute to making the sale. It is, of course, in
their initial 'preferred' area. Using a sole estatetheir best interest!
agent can be advantageous only if the Spanish9. Remember 'buyers are liars'. Rarely will you, or
estate agents can offer a very aggressiveeven your Spanish estate agents, be told the
marketing plan - that is consistently activatedtruth by buyers - whether it is about their
over a long period.personal circumstances, their true likes and
3. Native Spanish property market. Make suredislikes, their real budget or their actual readiness
that you also use native Spanish estate agents -to buy. So, do not take seriously what buyers
after all the biggest buying market in Spain willsay when they are looking at your property in
always be the Spanish themselves. So, do notSpain - whether it is is positive or negative. Rely
just exclusively use British or North Europeanonly upon whether they want to return for a
agents to market your property in Spainsecond viewing or wish to make an offer.
4. Be prepared to pay a high commission. In theAnything else is largely irrelevant and should never
current Spanish property crash, with Spanishbe taken personally.
property prices falling, many sellers understandably10. Treat the selling of your Spanish property as
try to negotiate down the commission of Spanishyou would a job of work. Put simply, selling
estate agents. This is a mistake. If you areproperty in Spain is a number's game.
desperate to sell, offer your Spanish estateUnfortunately, in today's Spanish property crash,
agents a higher commission than is standard toselling a property in Spain is all getting a lot of
ensure that they prioritize the sale of yourpotential buyers to physically come and see your
Spanish property above and beyond all others onproperty. If few people come - then the likelihood
their 'books'. This will also encourage them toof selling it is minuscule. Network relentlessly,
collaborate with other Spanish real estate agents,enthuse, charm and incentivize your Spanish
where they will have to split the commission onestate agents and always make sure that your
any sale made. They will do this willingly, if theyproperty in Spain is better than anything else on
still earn well from any sale of your property.the market that is comparable in price and
5. Never lose an opportunity to show yourcondition. Prioritize getting people to come and
Spanish property to a potential buyer. Sometimes,look at your property above everything else -
Spanish estate agents have little time to givehowever unlikely they may seem as potential
advance warning of a viewing appointment. Thisbuyers. Work at selling all the time...
can be extremely inconvenient - but alwaysFinally, do not be downhearted. Everything always
accommodate a viewing, even if your property insells - even in a Spanish property crash! So, be
Spain is not in 'tip top' order or you are about toenthusiastic, retain your optimism, relax as best
eat etc. It may be the only chance for a givenyou can and try, wherever possible, to give
potential buyer to see your property before heyourself an edge against the competition.