Thursday 30 August 2012

The 2 Year Itch


When I used to go on holiday I always felt that a week wasn’t long enough but at the end of  2 weeks I was ready to go home; check the mail (this was long ago in that fairy tale time before email had been thought of and when mobile phones that worked anywhere, let alone roamed, were a novelty), see the house was OK and find out what had changed in my world. We discovered however that if we stayed for 3 weeks we never wanted to go home and that the mail, just like the “real” world stopped being important. I made that discovery by the way because we owned our own holiday home so we could afford to stay longer than 2 weeks, even in the highest of high seasons!

We see a similar pattern with people who move to a new country. To begin with, it’s an adventure, everything is new and exciting and people enjoy themselves enormously. But then reality sinks in, the struggle of dealing with a new language, new laws, new bureaucracy new ways of doing things and so on seems never ending and a huge proportion of expats return home around the 2 year mark. And that’s a pity because, for those who stick it out, a miracle happens. Life starts getting easier, the difficulties disappear, the language somehow seems more manageable and you find your way around the systems. And then you remember why you moved in the first place; better weather, better lifestyle and less stress adding up to a better quality of life. And when that sinks in people never want to leave!

There are a few factors that make getting over the 2 year barrier easier. People who sell up and move lock stock and barrel rather than keeping a bolt hole “back home” manage better, as do people who buy rather than rent a home.  They have burned their boats and psychologically committed themselves and that makes a huge difference to how they settle in. People who don’t make that break often find them selves caught between two stools and find themselves like the Grand Old Duke of York; neither up nor down and very unhappily in the middle!


My best advice therefore is to commit to your new home, wherever it may be, don’t look back and be positive and you will reap the rewards of getting over the 2 year itch.

To make taking the plunge that little bit easier we will be listing a large number of repossessions in coming weeks. They come from the banks, prices can be negotiable and we have access to many more such properties than can be show on the net. So if you want to know more drop me a line, tell me what you want and when you want to view and we will make the appointments.


Monday 27 August 2012

Properties for sale in Andalucia

View across the swimming pool
 
Patio areas
Kitchen and patio view
 
Here we have a superb apartment on the Spanish Costa del Sol at Torreblanca  this s the Costa del Sol at prices not seen in decades.
This delightful property has a living room with modern kitchen and with new appliances, there is a sunny terrace at the entrance ideal for al fresco dining or sunbathing, a good size bedroom with access to rthe ear garden areasand is also ideal for another table. There is a bathroom with shower.

This great property also has blinds and double glazing installed and you have access to the community pool and sun terraces, it really is a perfect holiday apartment at Torreblanca on the Costa del Sol the railway system goes from Malaga to Fuengirola and Torreblanca is one of their stops between Torremolinos and Fuengirola you can travel up and down the Costa del Sol and around Andalucia cheaply.
Please visit our main website for full details. Torreblaca bargain 3809



http://www.tickle-international-property.com/
Email: bill.tickle@tickle-international-property.com

Sunday 26 August 2012

Property for sale in Andalucia - Townhouses in Jaen


Town House in Carchel -Jaen

Views from the roof terrace

If you are looking for a large family home in the Andalucia area of southern Spain then you really should take a look at this delightful property in the village of Carchel, Jaen close to the city of Granada, the mighty Alhambra Palace and the Sierra Nevada ski resorts.
This large townhouse has 5 bedrooms, 1 bathroom and 1 lounge; there is a great roof terrace with the most fantastic views of the Andalucian countryside, olive groves and clear blue skies. What makes this property unique is that it is in two adjacent buildings with 2 separate sets of deeds. The main part of the house has the bedrooms, kitchen and lounge whilst the adjacent building has a garage and an upper level; this part of the property has ample possibilities especially when you consider the amount of tourist that pass through Jaen on their way to the Alhambra, Granada and the Sierra Nevada.

Take a close look at this price reduced property and see what you could make of it, there really are some excellent possibilities and with a little work you could have two excellent Andalucian houses. Please visit the Tickle International property website for full details and more photographs. 


Email: bill.tickle@tickle-international-property.com

Thursday 23 August 2012

Come Ons!

Hard times makes the real state business start looking at new ways of generating interest and whilst working harder, promoting better and improving service are all genuine there are some “come ons” that are rather less so. Here are a couple that need watching;

1.         Guaranteed rentals. Sounds like a great inducement to buy a property for investment. Buy today and get a guaranteed rental income. Better than money in the bank? Not necessarily. The trick here is for the seller to be either the developer or have an option to buy the property. They set the price to include the first years rent which they guarantee you so in effect they are only returning your money to you and in year 2 when the guarantee has run out, so does the rental income. 

In any case like this you need to look at the true value of the property as well as the promised rate of return. You also need to question what happens when the period of guarantee expires.

2.         100% Mortgages. In the current climate banks are very reluctant to lend anything to anyone and if they do give you a mortgage it will typically be for no more than 50 – 60% of the lower of purchase price or valuation. Where however the bank is in possession of, for example, blocks of apartments where a developer has defaulted they may well offer a 100% loan. It costs them nothing – you are simply taking over a portion of the outstanding debt due on the property and even if you should default in the future, every payment you make is a bonus. So surely this is a can’t lose deal? Well, maybe not.

In the past Spanish banks used to take foreclosures into their own portfolio at cost. They held the properties until market conditions recovered sufficiently to sell them on and recover what was due, avoiding the need to write down their book value or show losses in their accounts. This also had the added benefit of not flooding the market with cheap, distressed sales and further pushing it down. It was essentially dishonest because the value shown in the bank’s accounts was greater than the real market value of the asset but as long as they weren’t forced to sell, that could be covered up

Now compare this with what happened elsewhere, notably the UK in the recession of the late 80’s. Repossessed properties were sold at no reserve auctions, the banks took major losses and the whole market was undermined. On the face of it what the Spanish banks did was sensible. Today however this won’t work. The amount of repossessed and defaulted property is simply overwhelming. If it was to be shown in their accounts at a true cash value the banks would be bankrupt.

So, going back to the apartments with 100% mortgages, what are they really worth? What would they fetch on the regular open market? What would they go for at a no reserve auction? When you answer that it is immediately apparent that in a lot of cases the mortgage is an inducement to buy a seriously over priced property. It suits the banks because it justifies values in their accounts and provides a cash flow but what does it do for you? You may not have put any capital in but you are still spending money making the payments every month on a mortgage that is much greater than the value of the property.

Not all of these deals are bad; if the property is good, well located and suits your needs and you take a long view then it may be a good idea but for a great many people it is money thrown away.

There are great deals in the market today but your best bet is forget a highly touted come on and just look for a distressed seller. We have plenty and the properties you buy from them will be genuine bargains.

Email: bill.tickle@tickle-international-property.com
+44 208 144 5525
+598 424 80 563
Skype; tickle.tip

Monday 20 August 2012

Andalucia properties, Property for sale in Pruna, Seville


Featured Properties. 20,000K each.

The property of your dreams? It could be.

Some people like to buy brand new properties, they have no interest in renovation or restoring old properties, others though, they like to try their hand at a bit of renovation, restoring great properties to their glory days. Others like to knock down and rebuild on the same site. It's each to their own I suppose but I would like to point out the advantages of buying ruins and knocking them down and rebuilding on the same site.

The first advantage is that you can have the house that YOU want, designed YOUR way, you can add things to the design, features that you have looked for in other properties but not managed to find. You can use your imagination to create the Des-Res of your dreams.

Another advantage of knock down and rebuild is of course, the price.

I'm more than happy to point out to you a set of properties in delightful town near Seville called Pruna, it is a very traditional Andalucian town and there are two properties that are earmarked for demolition and rebuild, they have the architects plans and they have the licenses as well and what makes them even more attractive they are a piffling 20,000€ each!

Think about that, what a glorious chance you have to own BOTH of these properties in a fantastic location and you can build them YOUR way. Take a closer look and see what you would get or rather, what you could have for this very low price. Choice of 2 Ref: 3776

http://www.tickle-international-property.com/  
Email: bill.tickle@tickle-international-property.com
+44 208 144 5525
+598 424 80 563
Skype; tickle.tip

Wednesday 15 August 2012

Getting a Bargain Property by Making an Offer

I want a bargain! That’s the message we get from every client and I’d like to help you get it! BUT you won’t get that deal just by scanning ads on the net and sending emails asking for the sellers best price.

I always say that we never know a sellers bottom line until he can smell the money! When a seller knows that an offer is serious and that a “yes” means he gets a deposit and a completion date, then we get his bottom line! It’s amazing how often people accept offers that they have assured us in advance are out of the question. So how do you get to this point? The answer, quite simply, is to make offers; nothing ventured, nothing gained and if you don’t ask you don’t get.

To get the best response however you have to do things the right way. We get an awful lot of offers that in today’s market are discounted by sellers. They fail because they don’t get the juices flowing or the pound/dollar/euro signs whirling in the sellers mind;

a.         Offers in principal; “I’m curious, would he take x”. Sorry, no one takes these seriously.

b.         “I have to sell my house in the UK, Germany, wherever”. No matter how you dress it up this doesn’t work either. Property markets are bad everywhere and if you are so sure your house will sell fast, then sell it and come back when you have the cash.

c.         “I need a mortgage”. This is the most depressing one of all. The banks in Spain just don’t want to lend so unless it’s a very low percentage loan don’t expect any seller to get too excited. There is a huge gap between an offer in principal and an offer of money.

d.         Subject to viewing. What’s the point?

You might think that in a depressed market buyers would be more amenable but the difference is that whereas in a boom market interested buyers really will sell their house in their home country quickly or you really will get a mortgage, now no one believes in these things. Put simply it’s a case of “I’ll believe it when I see it”!

This might seem a bit off putting; no one wants to get on a plane to view houses if they don’t think sellers will match their valuation. This I understand and we do try and prepare the way.

1.         If we know that a seller will consider offers in your price range, even if the asking price is much higher, we will suggest a viewing. On the site I do try and identify these houses by saying things like “open to offers” or “try an offer”. 

2.         I will circulate all sellers with properties meeting your specification but out of your price range with details of your budget and ability to buy and ask if it is worth bringing you to view their property. In other words I am telling them you are serious and tempting them! If they say yes to a viewing it is an indication that there is some flexibility in their thinking and the chance that an offer will be accepted. 

3.         We will talk to sellers in advance of a viewing to prepare them for the likely offer. They won’t like it but it gets them thinking.
 
OK, to the offer. In the United States all offers are written and are binding on the party that makes them until they are rejected by the other party. Personally I think this is an excellent system because part of preparing the offer is confirming the terms and conditions. It is the terms can often decide whether an offer is acceptable. So how do you make an offer to give you the best chance of it being accepted?

A.        You should ideally have viewed the property. If you don't want to view make it clear that this is not important to you.

B.         It must obviously include the price you are prepared to pay

C.         Include your timescale; when can you pay the holding deposit to get the property out of the market, the balance of the formal 10% deposit and complete? These dates will of course be subject to your lawyer confirming that title is perfect. A quick 10% is always welcome because that means the deal is done, but some sellers might prefer a longer completion time so they can arrange a new home etc. Being flexible on this can help get the best deal.

D.        Include your financial situation (the money is in your savings account, bank in Spain etc). The seller therefore knows you can perform.

E.         Confirm what your offer covers such as furniture etc.

F.         Less important, but if you have a Spanish bank account, lawyer and /or an NIE already drop them into the equation; it again shows how serious and organised you are.

g.         Let the seller know that you are interested in other properties and set a time limit for a response.

Get it right and there has never been a better time to buy a home abroad. And remember that the best deals always involve sellers that NEED to sell, so when you are stealing that house and getting the deal of the century it’s good to know the other party is just as happy as you!

Email: bill.tickle@tickle-international-property.com
+44 208 144 5525
+598 424 80 563
Skype; tickle.tip

Wednesday 8 August 2012

Market Trends - Property Types

I am forever being asked what the property market in Spain is going to do and my reply is that there isn’t one market, there are many!

Madrid and Barcelona are different markets, subject to different forces to the costas or inland Andalucia for example. That’s why averages are of no help in telling you what is going on and why most figures given by the media are totally meaningless. It will be helpful however to look at the specific areas that I cover where there are some clear trends emerging.

There is strong demand for coastal property as long as it is cheap and well positioned. Unfortunately a huge number of apartments were built in the boom to be sold off plan that are disasters as homes. Build quality is frequently abysmal whilst layout and amenities are worse! Swimming pools tucked away in ugly corners and apartments over divided. What do I mean by this? Put simply the developers put a 2 bedroom, 2 bathroom apartment into a floor space that would have made a nice, spacious, 1 bed. This results in all the rooms being too small and cramped; kitchens you can’t work in, bedrooms without storage and so on. On the plans and in the artists impressions all was well but in real life…! So before jumping at a bargain take a moment to think what it will look like with furniture and people in it. Properties like this should be avoided like the plague.

The availability of apartments (and they aren’t all bad – there are bargains about) and modern townhouses has impacted on the value of traditional village houses which have plummeted in price. There are some great bargains about just now.

Inland country houses and villas have also come down in price but nowhere near as much as village properties. That probably reflects the fact that the demand for them is stronger; most people would rather have a detached home, ideally with a pool, then a terraced village house. These are prime properties and prices are holding up much better.

The most striking feature of the current market however is that there are an awful lot of people sitting on the fence! They want to buy that home in the sun but they don’t want to commit until they are sure the market has bottomed. This indicates that there is a big pent up demand and once the market turns it will move up quickly. Unfortunately for these people it is never easy to catch the absolute bottom and we are obviously very close to it so if you see the house that suits your dreams and your pocket, get off the fence!

Email: bill@tickle-international-property.com
+44 208 144 5525
+598 424 80 563
Skype; tickle.tip

Sunday 5 August 2012

Best bargain properties for sale in Andalucia

29,950€ for a 3 story Andalucia house? Someone has gone mad!

Bargain properties are sometime a little less than what they actually seem and the descriptions can be misleading but in this case when we say “Bargain Andaluciaproperty” we mean exactly that, this is a real bargain property.
Where is it? The property is in a delightful place called Algarinejo, close to Lake Iznajar and north of Malaga city and about 40 minutes from Malaga airport and about the same to Granada airport, very beautiful inland Andalucia location. The property has 3 bedrooms and 1 bathroom a good size kitchen and store room and even has a cave attached to it, the views from the sun terrace are beautiful.
The property is structurally sound but a bit of modernization is needed to bring it up to date, the services such as water, electricity etc are connected but re-wiring might be an idea, eventually.
The price for this 3 story Andalucia delight is a piffling 29,950€ and a trip to the Tickle International Website will allow you to see a lot more details on the property and more photographs. If there are any questions then please contact us direct. REF: 2769 Townhouse in Algarinejo

http://www.tickle-international-property.com
Email: bill.tickle@tickle-international-property.com
+44 208 144 5525
+598 424 80 563
Skype; tickle.tip