Offering on a property

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Corvera Golf And Country Club forum threads
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28 Jul 2014 9:04 PM by mrpidman Star rating. 16 forum posts Send private message

I would appreciate any view although I understand that there is no definitive answer. I have found an area I like and am thinking of making an offer. The property is with an agent and I have previously been advised that an offer of 25% below the asking price is not unreasonable. I appreciate that the agent has the vendors interests to protect and is unlikely to divulge the vendor's true aspirations. Can anyone suggest how I could go about establishing the true market value of a property? Many thanks in anticipation.




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28 Jul 2014 10:02 PM by inspectahomespain Star rating in Orihuela Costa, Spai.... 2417 forum posts Send private message

Vip Supporter

If you are looking on Corvera the best value propertues are the ones that are being offered direvtly by the banks, from €55k for an apartment plus we have one 3 bedroom apartmemt, fully furnished for €92k, rock bottom price

Recently 7 x 4 bedroom Nolga style villas sold for €130k each, again via the bank and are now being offered an €180k

If you are paying much more than this, even with the 25% taken off on your bid you are payomg way too much but it is unlike;y that you will get anyything like 25% more

To fully furnish a 2 bedroom property, including AC and everything you would expect to spend around €9k, plus on any property your additional buying costs are around an additional 12%

There is no such thing as a true market value, it is what the seller is willing to take because they would have paid over €250 originally for the property wich now is worh nearer €65k and this isn't just an issue on Corvera



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Roy Howitt Independent Property Consultant www.sonrisaproperties.com www.snaggingspain.com WE CAN FIND YOUR DREAM HOME 627 955 748


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28 Jul 2014 10:24 PM by mrpidman Star rating. 16 forum posts Send private message

Thank you Roy. IMy enquiry was more general and I think I may have posted on the wrong forum. I have been looking near Gran Alacant. Nevertheless, your comments are most helpful and appreciated.




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