Distressed Sales
Property is always For Sale! The question is HOW MUCH??
Many people have bought "off-plan" or have property they are desperate to sell before completion.
As
Soon As Possible;
1.
Their circumstances have dramatically changed (Death, Divorce, Emigration, Loss of job etc.)
2.
They exchanged/completed on properties they could not financially keep, with the sole intention of flipping (selling on)
3.
The property owner is forced to make a decision, either;
-
Sell for far less than the market value ( Distressed Sale ) Further more some banks are "asking" their clients
to put their properties on the market to reach a solution in their financial
situation, normally those home owners missed a couple of payments and there is
no sight in a solution without selling their property as soon as possible. This
client has no better option than putting their property on the market, for sale
against the mortgage amount to reach a quick sale. As always there are distressed sales without mortgages or
financial problems in the way. It can simply be a way out for owners due to
changed circumstances in their surroundings, situation or maybe even their
working situation which forces them to sell as quick as possible. In the current
real estate market and the worldwide financial situation they are taking the
best offer they can get at that time. All circumstances considered; The smart buyer can get a bargain! Always ask why a
property is offered for sale, under the current market value! If you are looking for a quality property at a bargain price contact us.
-
Have the property repossessed by the Developer / Bank and lose all monies already paid ( Repossession )
| Email: info@encompassinternationalproperty.com | ||
Calle Comunidad Valenciana 70 / 42 (Almoradi) Alicante 03160 Spain |
Mobile: (0034) 667 669 218 Office: (0034) 966 782 866 Fax: (0034) 966 782 866 |
Find out more about what we can do for you. The services we provide.