Sell your Property in Marbella - How long will it take?
This week we look at a few key factors that will determine how long it will take for your property to sell.
The length of time your Spanish property will be on the market will depend upon a few key factors. Below we assess the finer details. Giving you a realistic idea of how long it will take to sell your property in Marbella and on the Costa del Sol.
Market cycle in Marbella
Luckily for us, there is always demand for property in Marbella whether the market is up or down. That being said, It's always going to be easier to sell a property during a market boom, than otherwise. This is a given. When there are lots of sales happening and lots of optimism around; in turn, you are going to find it easier and faster to sell your property.
Segment liquidity
Selling your property in Marbella fast, will be determined by what you are trying to sell. Some segments are much more liquid than others. For instance, a beachside villa will always have buyers waiting. But, if you are selling a mountainside villa, that is difficult to get to, and needs refurbishment; then that has a much more niche market, therefore it's going to be harder to find a buyer, and you will have to be more patient.
Features and selling points
Selling a front line property with sea view? This is a very strong selling point with high demand. A property with sea views is going to sell quicker than a property in the same urbanisation facing the wall with no light. Each property is unique and every property's features have to be taken into account when determining how much demand there will be.
Price your property right
You can have a beachside, key ready villa with all the features, but if it's overpriced - It won't sell. It's very easy for people to check online nowadays and see if a property is heavily overpriced. A lot of real estate agents will reel you in with flattery. Telling you your property is worth more than it is, in order to get the listing. All this does is keep your property on the market longer. When you eventually realise you need to reduce the price, buyers will be wondering what is wrong with it to be on the market for so long. That is why it's so important to get this right from the beginning.
Presentation is key
There are lots of things you can do to present your property in the best way, and that will have an impact on how fast you can sell. Our property experts at Buena Vida Spain will be able to help guide you with this. Getting rid of personal details, a fresh lick of paint and staging your property right will do wonders.
Want to Sell your Marbella Property?
If you own and want to sell your property in Marbella or on the Costa del sol, then please get in touch. We hope this information will help you make a decision and give you a benchmark for how long it will likely take!
At Buena Vida Spain, we have 20 years experience in the Spanish property market and we pride ourselves on our professional & personal service. So please don't hesitate to get in touch for an informal chat about your options. We look forward to hearing from you.
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