Distressed Property Sales Spain
With the current economic crisis throughout the world, the housing market is seeing a large amount of distressed sales entering the Spanish Property market and those of other countries. Our property portfolio also contains a larger percentage than normal of properties that we would inevitably class as "distressed".
So if you are serious about purchasing a Spanish Property, now is definitely the perfect time to take advantage of someone else's misfortune and find yourself a below market value property. In some cases discounts of up to 30% plus can be saved on the true valuation of the property, which as you must agree is a massive saving and a opportunity not to be missed!
What are distressed sales?
A distressed sale can occur for a number of different reasons, in this day in age the most common reason is due to personal financial problems and the inability to repay the mortgage agreed with by the bank. If the owner is in a position that they may default on their mortgage, then seeking to sell the property as soon as possible becomes the most obvious and sensible choice to avoid certain repossession along with the outstanding debts which will be chased for by the bank in question. In some cases, the owner may seek to recover what is owed to the bank to ensure no further legal proceedings and large administration / legal fees. This will all depend on the severity of the owners circumstances, however more often than not, the property will be marketed at a very large discount and priced to sell to ensure the property attracts potential buyers and a quick sale.
Distressed Sales also occur for other reasons such as personal and family reasons, health problems or work committments. We have seen many of the above exist here in Spain, especially when the main country of residence is not that of Spain and the property is acting as a holiday home or investment.
With our marketing knowledge, large network of collaborating Estate Agents and large client base, we are the perfect partner to help sell Spanish properties fast. We also acquire many distressed properties, however due to the low prices and excellent investment opportunities that these properties provide, distressed sales do sell extremely fast so ensure you are in a financial position to act fast and be able to travel to Spain to start the buying process.
If you would like to be informed when distressed properties become available that match your property requirements then please register your interest with Costa del Sol Estate.
Do you need to sell your home fast?
If you are in need of a quick sale of your Spanish Property for personal reasons, then don't leave it until it is too late. Contact our friendly and understanding staff to help you attract interest quickly to give you a fighting chance of selling your property in Spain fast. Go to our "Sell Property Spain" page and fill in the form provided, alternatively - you can contact us directly by calling (+34) 677 804 804.