Setting the Asking Price

The Costa del Sol property market is competitive, so sellers without local experience may benefit from expert advice on marketing and selling their property.

As a seller use the following guidelines:

Set a realistic price for your home from the start.

Consider your minimum acceptable offer and how long you're willing to wait.

Pricing depends on factors like recent sales, price per square meter, position, orientation, views, accessibility and property condition. The right price attracts buyers and avoids lengthy market exposure, so it is best to price fairly from the start and not over price "to test the water", helping you sell within a reasonable timeframe at a fair value.

There are many useful considerations when determining the price you wish to set for your property.

• Set a realistic asking price based on current market conditions

• Check prices for similar properties in comparable locations

• Note how long comparable properties have been on the market

• Review recent sales of similar properties, their prices, and sale timelines

• Find out if your immediate neighbours have sold, at what price, and how long it took

• Calculate replacement value—the cost to build a similar property

• After determining market value, compare your property's features

• Consider if your property's uniqueness allows for a higher price

Obtaining an official valuation from an independent firm of valuers is possible, although it involves a fee. The cost is typically a few hundred Euros, and such a valuation may be useful if a prospective buyer needs a mortgage to purchase the property.

Sol Simple’s local expertise helps you price your Coast property accurately, reducing time on the market.