Wednesday 17 June 2009

To all Sellers a plea from a frustrated Agent

I had my first serious clients for quite some time a couple of weeks ago.

They had emailed me with specific requirements and had bothered to come to Spain twice in 3 weeks to see the properties that I had chosen for them. They were looking to buy around the Alhaurin el Grande, de la Torre and Mijas area.

In order to have the best properties available I recruited the help of other reputable agents in the area and I feel we did a professional job. Unfortunately to no avail. The clients have not even made an offer although there were lots of favourable noises towards at least three of the twenty four properties they had seen.

On talking to my colleagues, we came to the conclusion that the way properties are priced at the moment and the behaviour of some of the owners is not very conducive to happy sales.

To show someone a property priced at 800,000 € and to be told by the potential buyers that the same property is on someone else’s web page for 600,000 € is a high hurdle to jump over. This practice of giving different prices to different agents is detrimental to the seller as well as the handicapped agents because the buyers will start to doubt everything. Even if the lower price is actually genuine in the end they will very likely change agent and start the whole process again.


To all would be sellers a plea from a frustrated agent. Please make a list of all the agents to whom you have given your property and when you decide to change the selling price please let everybody know without exception. You will benefit in the end I promise you. Piero Repetto www.propertysearchspain.com

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