REAL ESTATE – MARBELLA WOHNEN – Is your dream property at the market price?
Is your dream property at the market price?
One of the most important things in a real estate purchase is to know if we are buying at a good price and with a good price we are not talking about buying a property that costs much less than its real market price, we are talking about the property being at a real price market.
But, you may be wondering, what is this real market price? As defined by the Federation of Real Estate Associations (FAI), “the market price is the maximum price at which it is estimated that a certain property, conveniently advertised and marketed, can be sold for long enough for it to be known by the majority of buyer demand.
How to know if a property is above the market price?
The easiest way to know if the price of a home is above or below the market is through a study that includes properties located in the same area and that have characteristics similar to those of the home you intend to buy.
Important elements to know the market price
- Location: it is one of the biggest determinants of the value of a home. There are large differences in prices between cities, neighborhoods and even streets. It is essential to look at similar homes in the exact location where we want to buy.
- Characteristics of the house: we must look at houses that have the same square meters, bathrooms, rooms…
- Reforms: you have to look at whether the house needs reforms or not, since the flats that need reforms do not cost the same as those that do not, even if they are in the same location.
- Distribution and floor height: currently, the most demanded properties and, therefore, those with a higher price are those with open spaces, such as terraces or patios; those facing the street, and those located on higher floors, especially if they include views of areas with vegetation.
Who can help you get a property at a real market price?
As you have seen, the task of buying a house at market price is not an easy task, especially if we want to negotiate with the seller. In order to get a real market price, you must have the right tools:
- Have a big data program: to help us investigate the homes that are in a certain location. However, these tools are not available to everyone, they are specialized tools for the real estate sector and for the professionals who are dedicated to them. For this reason, hiring a professional in real estate purchases will make you really know the real market price thanks to their knowledge and the technology we use. For example through our reports.
- Count on a real estate professional: A real estate professional has the necessary tools to carry out their research, search, negotiation and advice. That’s why at Marbella WOHNEN we have one of the best tools to value a home: because we want you to buy at a real market price, we offer you the opportunity to do a valuation report on the home you are so passionate about .
What do we offer you in the report?
Just by indicating the property that interests you, we generate a report on the local real estate market and show you a comparative analysis with other similar homes in the area.
- We investigate if the price is out of the market and if it can be negotiated lower.
- What similar homes are available, published on portals or not.
- How to finance the purchase, with a mortgage pre-qualification study: what amount can you afford?
- A recommendation of selected homes, which you can acquire, according to your preferences and purchasing power.
Above all, personalized advice from a real estate professional, who is responsible for defending your interests, before the selling party, whether private, real estate or bank.
Therefore, a good purchase implies carrying out good market research
If you want to invest in a vacation home and need professional advice, do not hesitate to contact us. We are experts in real estate purchases and investments.
Marbella WOHNEN Immobilien
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