Why sell your Spanish property privately on the internet
Posted 03-01-2008 at 10:42 PM by ssd
Huge numbers of people now wish to market their own property. And it's true, you are the best person to sell your own home on the internet...
Millions of Spanish properties are sold each year 'on-line'. But on average 88% of sellers paid agency commission fees!
Last year approximately 12% of all sellers saved by selling their properties privately on-line…and the numbers are growing.
There is no legal obligation to use an agent when selling, and you usually break no contractual agreement by selling privately even if you have an agent.
82% of people looking to move house within the next 12 months say they WILL use the Internet to search for properties.
Every month, thousands of home buyers are hunting for dream homes in Spain on the internet...They are hunting for homes like yours!
The Internet is now the easiest way for buyers to search for available properties in the areas of their choice.
Even estate agents have recognized that advertising their houses for sale on the Internet is a service expected by most vendors.
The key benefit to you is that there is No Commission.
MORE REASONS TO USE AN ON-LINE ADVERTISER.
Low Stress:-
Moving home is stressful. The key is to eliminate the causes. e.g. when an agent calls saying he has a "customer with him", and "can they pop round for a viewing now?"
By selling privately you eliminate this nonsense. You set your schedule, you decide who you're going to see, and when. It's all on your terms.
Whose house?
No one knows your home better than you. You know your views are fantastic, and your pool is the envy of your neighbours. You also know that the tarnished fittings in the Bathroom need to be played down. A home with a fair sale price will sell itself, but there is nobody better than you to talk up its strengths.
And, because you pay the bills and know the area, you're the best person to answer questions buyers have. And the more information you send them away with, the more informed and quick their decision will likely be.
You're in charge:-
We all like control. Selling privately means decisions like what type of people you want to vet more carefully, and what asking price you want to publish, are down to you alone. And if you decide to change any details, or cool off the viewings for a while that's up to you too, as you are not obligated to any contract. And you'll never feel frustrated that your agent isn't doing enough, because you are your agent!
It's cheap:-
If you employ an agent then you will lose LOTS of money. When your home is sold they'll get a BIG cut of your profits. And if you think about just how much, in return for showing a few people around your home and making some phone calls…did they really earn it? But for only around 100€ an on-line adveriser can help you keep 100% of the sale funds!
Save time:-
It's not unheard of for an estate agent to inflate an asking price. It's also not unheard of for the seller to go along with this in an effort to cover the inevitable commission costs. But then, because the price is too high, the property remains unsold. And that time spent sitting on the market harms the chances of selling at a fair price later on!
So sell privately...You can then ask for a fair price from the outset, because you don't have to take any commission into account.
Reach more buyers:-
Advertising on the World Wide Web exposes your property to millions of potential buyers. By advertising on-line you could reach an international audience. An advert in the agent's window could never do that, nor could any ‘enquire within’ board nailed to your garden gate! Advertising privately means your home will be seen by as wider an audience as is possible.
Transparency:-
If a buyer makes an offer, they make it to you directly. You can (and should) still take time to think about offers, then accept or reject them, but the process is quicker because there is no third party and no conflict of interests. Agreements between private sellers and buyers are always reached far more quickly and easily
Less uncertainty:-
Because you meet buyers, you get instant feedback. You can tell whether they're interested or not, whether they're serious or getting a feel for the market. And you'll find out what their situation is. If the purchase of your next home is riding on the sale of your present one, then this kind of direct contact with your potential buyers is invaluable.
Using an Estate Agent alone to sell your property?…here are some things to consider...
The traditional method to sell property is of course to use an estate agent, in fact many people do not even realise that you don’t have to use an estate agent at all.
There are some excellent agents out there – BUT ask yourself these questions:-
"How much will it cost?" ... "Is it value for money?"
"What advice do they provide on actually selling or buying a property?"
"How pro-active are they?" ... "How often do they keep in touch?"
"What guidelines do you receive on presentation or what to look for when viewing a property?"
And think about the last time you somebody you know used an Estate Agent...
What was the experience like?
What did they do to 'earn' their money?
How much did you trust them?
What aftercare and level of service did you receive?
And once you and a buyer have agreed a price, it is the solicitors who see the selling and buying process through to completion NOT an agent.
And if agent's are restricting you in any way from trying to sell your property privately, ask yourself..."Why?"
If you have answered the above questions honestly, you should already be as convinced as I am that the traditional method is not the best......
Millions of Spanish properties are sold each year 'on-line'. But on average 88% of sellers paid agency commission fees!
Last year approximately 12% of all sellers saved by selling their properties privately on-line…and the numbers are growing.
There is no legal obligation to use an agent when selling, and you usually break no contractual agreement by selling privately even if you have an agent.
82% of people looking to move house within the next 12 months say they WILL use the Internet to search for properties.
Every month, thousands of home buyers are hunting for dream homes in Spain on the internet...They are hunting for homes like yours!
The Internet is now the easiest way for buyers to search for available properties in the areas of their choice.
Even estate agents have recognized that advertising their houses for sale on the Internet is a service expected by most vendors.
The key benefit to you is that there is No Commission.
MORE REASONS TO USE AN ON-LINE ADVERTISER.
Low Stress:-
Moving home is stressful. The key is to eliminate the causes. e.g. when an agent calls saying he has a "customer with him", and "can they pop round for a viewing now?"
By selling privately you eliminate this nonsense. You set your schedule, you decide who you're going to see, and when. It's all on your terms.
Whose house?
No one knows your home better than you. You know your views are fantastic, and your pool is the envy of your neighbours. You also know that the tarnished fittings in the Bathroom need to be played down. A home with a fair sale price will sell itself, but there is nobody better than you to talk up its strengths.
And, because you pay the bills and know the area, you're the best person to answer questions buyers have. And the more information you send them away with, the more informed and quick their decision will likely be.
You're in charge:-
We all like control. Selling privately means decisions like what type of people you want to vet more carefully, and what asking price you want to publish, are down to you alone. And if you decide to change any details, or cool off the viewings for a while that's up to you too, as you are not obligated to any contract. And you'll never feel frustrated that your agent isn't doing enough, because you are your agent!
It's cheap:-
If you employ an agent then you will lose LOTS of money. When your home is sold they'll get a BIG cut of your profits. And if you think about just how much, in return for showing a few people around your home and making some phone calls…did they really earn it? But for only around 100€ an on-line adveriser can help you keep 100% of the sale funds!
Save time:-
It's not unheard of for an estate agent to inflate an asking price. It's also not unheard of for the seller to go along with this in an effort to cover the inevitable commission costs. But then, because the price is too high, the property remains unsold. And that time spent sitting on the market harms the chances of selling at a fair price later on!
So sell privately...You can then ask for a fair price from the outset, because you don't have to take any commission into account.
Reach more buyers:-
Advertising on the World Wide Web exposes your property to millions of potential buyers. By advertising on-line you could reach an international audience. An advert in the agent's window could never do that, nor could any ‘enquire within’ board nailed to your garden gate! Advertising privately means your home will be seen by as wider an audience as is possible.
Transparency:-
If a buyer makes an offer, they make it to you directly. You can (and should) still take time to think about offers, then accept or reject them, but the process is quicker because there is no third party and no conflict of interests. Agreements between private sellers and buyers are always reached far more quickly and easily
Less uncertainty:-
Because you meet buyers, you get instant feedback. You can tell whether they're interested or not, whether they're serious or getting a feel for the market. And you'll find out what their situation is. If the purchase of your next home is riding on the sale of your present one, then this kind of direct contact with your potential buyers is invaluable.
Using an Estate Agent alone to sell your property?…here are some things to consider...
The traditional method to sell property is of course to use an estate agent, in fact many people do not even realise that you don’t have to use an estate agent at all.
There are some excellent agents out there – BUT ask yourself these questions:-
"How much will it cost?" ... "Is it value for money?"
"What advice do they provide on actually selling or buying a property?"
"How pro-active are they?" ... "How often do they keep in touch?"
"What guidelines do you receive on presentation or what to look for when viewing a property?"
And think about the last time you somebody you know used an Estate Agent...
What was the experience like?
What did they do to 'earn' their money?
How much did you trust them?
What aftercare and level of service did you receive?
And once you and a buyer have agreed a price, it is the solicitors who see the selling and buying process through to completion NOT an agent.
And if agent's are restricting you in any way from trying to sell your property privately, ask yourself..."Why?"
If you have answered the above questions honestly, you should already be as convinced as I am that the traditional method is not the best......
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Recent Blog Entries by ssd
- A private buyers step by step guide to buying property in Spain (04-01-2008)
- Buying a dream Spanish home - privately (04-01-2008)
- Private Spanish property sales direct from the owner (03-01-2008)
- Why sell your Spanish property privately (03-01-2008)
- Why sell your Spanish property privately on the internet (03-01-2008)




