17 Nov 2010 10:34 AM:
I am surprised that no agents have commented here, but then again should I be surprised?
We, Blue Ocean Estates are based in the Marina Alta region of the northern Costa Blanca. We seem to take a different approach to most agents. That's maybe due to the fact that we were not agents at all until fate set us on this path just over a year ago.
We would agree with most of the comments here. So I go back to the original thread I would say that there is no simple answer to the question "Is now the right time to buy?" because it depends what you are trying to achieve. I also agree that properties are still overpriced and we inform or owners of that point, yet still the majority of them ignore us. What percentage overpriced. I would say 70% of properties listed on out books are 30% overpriced.
The question is what is at that you the buyer want to achieve.
Rental income - Then you need to be savvy and maybe buy a bank distressed property and spend some money on renovation or be patient and strike on a property when the owner becomes desperate to sell. Harsh but true.
To live here. - That s an easier option. If you are not looking for a short term gain then you will probably be OK. Find the area that you feel comfortable in. Find the house that you feel comfortable in and MAKE AN OFFER. After all you have probably sold your house with a reasonable return in your homeland and it is lifestyle change that you are looking for not gain.
As a holiday home. Then similar to above but if it is for short term gain as well the you need to buy cheap. Are is also important for resale. So do your research. Make your agent work for you.
The market at the €150,000 to €250,000 price range is fairly bouyant but shop around, be patient and you will find what you are looking for. Above the €250,000 then you have masses to choose from and if you have the budget that is where I would suggest that you look. We have owners desperate to sell and just not getting any interest. Have a look and make offer. This is where you can and will get a bargain that will stand the test of time.
I hope that you find this helpful, we have several free Ebooks available for buyers and sellers. See our add in the Euroweekly news.
Regards Robert - owner of Blue Ocean Estates
Thread:
Is it now time to buy?
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