Engel & Völkers Licence Partner Girona > Blog > The Right Time to Sell Your Property

The Right Time to Sell Your Property

If you are contemplating the idea of putting your home on the market, you may be


wondering if this is the right time. Selling a property can be a


complicated and very important process, so it is essential to consider the


following key aspects before making a final decision.



Current Real Estate Market Situation


Understanding the current situation of the real estate market is essential when listing
a property. This understanding allows salespeople to make decisions
informed about the most appropriate time to sell, as well as the correct price
for your home. A constantly evolving market can have an impact
significant in the results of the sale, since supply and demand trends,
Average property prices and mortgage interest rates can
vary considerably. Therefore, be aware of the market situation
real estate can not only speed up the sales process, but also maximize the
return on investment, ensuring that the property is sold in the most favorable conditions
favorable possible.

Supply and Demand in the Real Estate Market

It is essential to evaluate whether the location of your property is in an area with high
demand or, on the contrary, with an oversaturated supply. To determine this,
You can turn to real estate agencies specialized in your area. In a market with
excess supply, adjusting the price of your property is key to achieving a sale
quickly and minimize losses, since a property generates expenses while
remains on the market, and time could influence a further decline in the
worth. On the other hand, in a market with high demand, it is at the moment
optimal for selling your house. We recommend you make well-informed decisions
to determine the most appropriate price.

Mortgage Interest Rates and the Euribor

Mortgage interest rates also play a key role in
evaluation of market favorability. Low rates mean more
Buyers will be able to access mortgages at attractive rates, making it easier to sell
his property. It is essential to stay informed about the Euribor, since
directly influences mortgage costs.


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Duration of the Sales Process



In Spain, the average time needed to sell a property has increased to


six months. However, it is important to note that this period may


vary significantly depending on the city or province in which your


property.



At Engel & Völkers Girona, we are here to provide you with the expert advice you


you need to make an informed decision about selling your property. Do not doubt


to contact our team of professionals for more


information and make the most of the current real estate market.



Determining the Value of Your Property


Determining the value of your property is a crucial step in the selling process. This
value is not a fixed number, but rather a range that reflects what a buyer
would be willing to pay and what the seller would consider a fair offer.
To achieve this accurate assessment, a number of factors must be taken into account,
such as the unique characteristics of the property, the location, the condition of the home
and current market trends. Consult with professionals in the sector
real estate and using reliable valuation tools is essential to
establish a competitive and attractive price that maximizes sales possibilities and
ensure a satisfactory result for both parties. At Engel & Völkers Girona,
We are real estate experts with extensive experience in the local market.
We are here to provide you with specialized advice in this sales process and
help you determine the value of your property accurately and efficiently.

Property Status

The condition of your property will also influence the location of your property within the
price range. If your house is in good condition, you will have the possibility
to set a price closer to the maximum, in addition to obtaining attractive photographs of
the property, which will undoubtedly increase its attractiveness in the market. On the other hand, if
your property requires a major renovation, it is important to consider this when
set a price closer to the minimum. In some situations, an investment in
Renovations could be profitable if it increases the value of your property above
renovation costs.

Successful Sale with Engel & Völkers Girona

In summary, when considering the sale of your property, it is crucial to evaluate the situation
current real estate market and determine a competitive value for your home. This
Accurate evaluation is essential to achieving a successful sale and maximizing the return on
investment. At Engel & Völkers Girona, our vast experience in the sector
real estate



Contact us now
Engel & Völkers
Licence Partner Girona

We know the true value of your property

Do you know how much your property is currently worth? No matter if you just want to inform yourself about the current market-price, or if you wish to sell your property for the best price: our experienced marketing experts are happy to assist you with a free and non-binding valuation.

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