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Real estate evaluation

Posted: Thu Mar 9, 2023 8:35am
3 replies122 views4 members subscribed
HuZaaUK

Posts: 22

1 helpful points

Location: Fuengirola

Joined: 11 Nov 2021

Dear All,  we are looking to buy an apartment in Fuengirola and would like to know its market value (in order not to get ripped off!), What type of professional could make an honest estimate beside realtors (who are mainly interested in their gain)?

Many thanks for any help or advice you could give us.  Cheers!

Zaa

Chris 06

Posted: Thu Mar 9, 2023 11:10am

Posts: 111

42 helpful points

Location: Marbella

Joined: 10 Feb 2023

Posted: Thu Mar 9, 2023 11:10am

Hi Zaa,

I browse the Idealista website.

Lots of information there.

Good luck

Chris 

Holaitsdavid

Posted: Thu Mar 9, 2023 1:40pm

Holaitsdavid

Very helpful member

Posts: 1481

559 helpful points

Location: Mijas Costa

Joined: 30 Mar 2021

Posted: Thu Mar 9, 2023 1:40pm

Chris 06 wrote on Thu Mar 9, 2023 11:10am:

Hi Zaa,

I browse the Idealista website.

Lots of information there.

Good luck

Chris 

Agreed you can use Idealista map and find most properties for sale link https://www.idealista.com/venta-viviendas/fuengirola/centro-ciudad/ This can give an idea across the board, but most will be overpriced a huge surplus of property., You can't really value a property like UK where the market is solid, something like 2 million empty homes in Spain. Buying normally a case of bartering, perhaps start 10% below ask price, most agents use hard sell tactics commission is high 5%  

If you are buying an older property you should always ask the selling agent for the ITE and the CEE (energy certificate) as 'the law requires them to be available when the property is being marketed and not just presented when the sale is being formalised at the Notary'. The age a property needing this varies, For example, Mijas requires the first inspection for properties as young as 25 years, Estepona is 30 years and every 10 years thereafter, whilst Marbella, located in between those Town Halls, is only after 50 years and every 10 years thereafter.

https://surveyspain.com/2020/06/18/technical-inspection-requirements-structural-stability-spain/


HuZaaUK

Posted: Thu Mar 9, 2023 6:53pm

HuZaaUK

Original Poster

Posts: 22

1 helpful points

Location: Fuengirola

Joined: 11 Nov 2021

Posted: Thu Mar 9, 2023 6:53pm

Holaitsdavid wrote on Thu Mar 9, 2023 1:40pm:

Agreed you can use Idealista map and find most properties for sale link https://www.idealista.com/venta-viviendas/fuengirola/centro-ciudad/ This can give an idea across the b...

...oard, but most will be overpriced a huge surplus of property., You can't really value a property like UK where the market is solid, something like 2 million empty homes in Spain. Buying normally a case of bartering, perhaps start 10% below ask price, most agents use hard sell tactics commission is high 5%  

If you are buying an older property you should always ask the selling agent for the ITE and the CEE (energy certificate) as 'the law requires them to be available when the property is being marketed and not just presented when the sale is being formalised at the Notary'. The age a property needing this varies, For example, Mijas requires the first inspection for properties as young as 25 years, Estepona is 30 years and every 10 years thereafter, whilst Marbella, located in between those Town Halls, is only after 50 years and every 10 years thereafter.

https://surveyspain.com/2020/06/18/technical-inspection-requirements-structural-stability-spain/

Reply +2Helpful

Thank you Chris for your input.  Best: Zaa

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