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Are our realtors incompetent? (lemmy.blahaj.zone)

submitted 1 day ago by [email protected] to c/[email protected]

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Hey, maybe y'all can give some unbiased advice. My wife co-owns a €1.4 million villa in Spain with her grandma. The property has been on the market for 2 years. I'm inclined to believe that the realtors are incompetent and that something is being done wrong. Am I crazy, or is something wrong here?

There's an older lady who's a family friend who currently manages the property and deals with the realtors on my wife's behalf. She's lovely, but not an expert in this, by any means. We are told by her that an appraisal late last year upheld the €1.4 million valuation, but to be fair, neither of us have seen that appraisal.

The property is currently listed by several realtors in the area – namely, Villa Iberia, Inmo Palafrugell, La Clau Brava, Espigul, and Cala Maset. My understanding is whoever manages to sell the house, gets the commission.

The house is in the Platja d'Aro region and is ~350 m2 in size, with 4 bedrooms and a large outdoor pool, a short drive away from the beach.

Is the price way off, or is something else wrong? Surely 2 years is too long for selling this! Thanks in advance to anyone who takes the time to give some advice.

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[–] [email protected] 10 points 1 day ago

The house is in the Platja d'Aro region and is ~350 m2 in size, with 4 bedrooms and a large outdoor pool, a short drive away from the beach.

Spain has a huge coast line. Being 'just a short drive drive away from the beach' isn't really a unique selling factor there. If you're in the first row, with sea view and a nice scenery around that might be a different story.

Looking at the size (350m2) and the pool, I think it depends a lot on the quality and age of the building.

As far as I know, Spain isn't at the high end of real estate in Europe, so 1.4 million sounds like a certain degree of luxury to me. But just from the stats you've listed here no one can judge whether the house is worth it or not.

If it's indeed worth the amount, then I think it's normal that it takes some time to sell. Luxury is a smaller market with fewer people able to afford it. So if currently no one is looking for houses in that area, your price basically doesn't matter.