buying property
Lifestyle Exhibition - Property Direct From The Owner Exhibiting At Large Exhibition In Spain
Property Direct From The Owner http://www.propertydirectfromtheowner.com are one of the leading internet property portals allowing owners of international property to advertise their property on the Property Direct From The Owner website with no commissions or fees to have to pay when the property is sold or rented.
If you are looking to sell your home, even in a slow market, you have to take steps to make it appeal to buyers. One of the best ways to do that is by staging your home. There are many steps involved in staging a home to make it appealing to buyers and one of the most important is giving each room a purpose. If you’ve got a spare bedroom or extra living room that you have many different types of furniture in or are using for several purposes, you’ll need to make a strong statement with it if you want to sell your property.
Staging is a sales technique that helps buyers envisage what it will be like to live in the house. You’ve got to detach yourself from your home and think about it as an investment. What will appeal to the buyer the most? In most cases your combination office, playroom and craft room isn’t going to make people want to sign on the dotted line.
Even though rooms like this make sense to the homeowner, they don’t appeal to buyers. On a walkthrough of your home, buyers need to get a clear sense of how they’ll be able to use the space. Combination rooms do not work. A buyer can get confused by the room’s purpose and may well not know what to do with the space – even if it’s pretty obvious that they can use the space in any way they want to just as you have.
In order to stage your combination room, you first need to decide what type of room you want it to be. Spare bedrooms should be staged as bedrooms. Bonus rooms should have a clear focus. Home offices are very popular these days and you can’t go wrong with giving your potential buyer a place to house their computer and important paperwork. Craft rooms and indoor playrooms are also another good idea for single purpose spaces, but they won’t appeal to as many people.
Once you’ve declared the purpose, you need to move all furniture and items that don’t meet that purpose out of the room. Since you don’t want to clutter the garage with more junk, you should put your extra furniture in storage while you are selling your property. This little bit of inconvenience can make a huge difference in your selling price, so it’s well worth the rental cost.
Design your new single purpose room with a lot of space to walk through. Buyers like rooms that feel big and open. If you are making your room into an office, use a single desk with a computer and perhaps one other piece of furniture. Bedrooms should be furnished with a single bed to show off the floor space.
By declaring a purpose for a room you eliminate confusion for your buyers and give them a clear idea of how they can use the space. This investment of your time and energy can make a huge difference in your selling price.
For more information on how you can sell or rent your property visit the Property Direct From The Owner website at http://www.propertydirectfromtheowner.com See us featured in this month’s ‘Living Spain’ and ‘The Good Property and Holiday Guide’ magazines or visit us at the Palacio de Congresos de Estepona on 28th/ 29th November.
Distressed Property Sales - Spanish Property - Property Direct From The Owner
If you have witnessed the plethora of signs announcing “Distressed Property Sale” that are appearing everywhere referring to distressed property for sale in Spain, then I speculate that maybe you may have been intrigued enough to look into a potential acquisition of a property for sale in Spain yourself? Prices of property in Spain are tumbling just as they have done in the United Kingdom and often they are falling at a greater rate. The financial problems of many Brits who bought a property in Spain for their retirement is compounded by the feeble exchange rate of the Pound to the Euro. This is a double edged sword that is bringing great distress to many retired Brits who have no choice but to list their property in Spain for sale and prepare to return home. Property Direct From The Owner http://www.propertydirectfromtheowner.com is an internet worldwide property portal allowing property owners to list their property for sale and/ or rent and have no commissions of fees to have to pay when the property is sold or rented.
There are many reasons for the proliferation of distressed property for sale in Spain. It took just three months starting in Oct 2008 for the Pound to lose nearly 30% of its purchasing power in Spain as it tumbled against the Euro from almost 1,3 down to just over 1 Euro/ Pound. Some Brits who retired to their own property in Spain found that they could no longer afford to live there as the value of the Pound slid. This particularly applied to those whose income was derived from the UK, whether a UK pension or rental income from a home rented out in the UK.
Even worse off are people who acquired a property in Spain on the back of a Euro loan, expecting property prices to continue to rise and are repaying the loan from their UK income denominated in GBP. In some cases the property has been repossessed by the bank or mortgage company and put up as a distressed sale because the owner could not keep up the payments. Paul Wilson, Marketing Manager at Property Direct From The Owner http://www.propertydirectfromtheowner.com comments, ‘We have had a number of property owners in Spain choosing to list their property via the Property Direct From The Owner website whether it be a distressed property sale or in an attempt to generate an income via rental. Whilst the market in Spain is still slow, thankfully we have managed to generate enquiries and interest for Spanish property for our clients’.A combination of massive property oversupply alongside the general economic downturn has meant that prices have literally crashed on Spain’s Costas and as we speak over a million unsold properties are on the books of hapless local agents in Spain, although many of these have been constructed with Spanish buyers in mind. Of course the British have always been purchasing property in Spain since the 1960’s and their passion for the Costa Del Sol and especially Marbella always was a first choice. More recent investors in property in Spain, even if their property has not been designated as a distressed property for sale, may still be distressed themselves. Not realising the enormous profits that the early comers made, these late-comers could well be finding that they made a huge error.
All clouds however have a silver lining. Today you can buy at the cheapest prices we are likely to witness. As the fall in property prices levels out and banks allow developers to remortgage projects, the Spanish market is witnessing confidence return. The number of distressed property sales in Spain could be set to stop increasing as Estate Agents in Spain are increasingly expressing confidence that the fall in the market is now stabilising. There is nothing novel in below-market deals, but the critical monetary position of many builders, financial institutions and property owners is pushing more sales into the distressed sale class which in turn means that further deals are being completed below real prices rather than merely at a reduction to the asking price.Experienced investors have been persuaded to seek for and obtain low, mid and high end finest distressed property at a price truly below their open market value by the mix of a severely restricted means to get to money and falling property prices in Spain. With the new trend in all-found holidays declining and more of us preferring to hire our own living accommodation and as a result have an independent holiday, the rental marketplace for up-market houses is booming. This further builds a case to mull over buying a house overseas, although the hire earned on holiday lettings seldom recovers the complete yearly mortgage payments and running expenditure so prudent cost planning is suggested.
As any savvy investor will advise you, it’s the rate that you pay instead of the rate that you sell for that really dictates the earning ability in many a property deal. Marbella in southern Spain is a real case in point of a ‘lifestyle’ investment choice, fundamentally a holiday home that can provide a fabulous centre for personal vacation and that will be retained for at least 5 years.
For those of you who are well-off enough to be able to put up a deposit of approximately thirty to forty percent on a distressed property investment in Spain and who can access the know-how of the leading consultants, lawyers and banks, today in fact is an opportune occasion to purchase a magnificent property in a distressed sale position for up to fifty per cent lower than the existing market price, and crucially enjoy their investment in the sun. This 50 percent price cut on particular properties is down to the fact that they are heavily discounted by the title-holder (or the bank if by now repossessed) by a considerably larger sum than the median price decline in Spain. This is in point of fact an opportunity for the new investor to advertise the property nearly immediately at a higher price.
For more information on how you can list your property for sale and/ or rent or indeed to view property directly with the owner visit the Property Direct From The Owner website at http://www.propertydirectfromtheowner.com