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Yes, there are forced and distressed sales in Spain. But NOT everyone is absolutely desperate. Most sellers have mortgages to pay and they simply cannot sell for an amount that´s less than their mortgage balance, unless they are prepared to pay the difference themselves to the bank, or enter repossession proceedings.
The truth is that the majority of sellers bought their properties in Spain as 2nd homes and the present financial crisis has merely focused them on the realization that they probably stretched themselves a little too far in the good times. In their minds, something has to give, and the apartment in Marbella can justifiably be offloaded.
The problem for a buyer right now is that when an attractively priced Spanish property comes on to the market in a good location, there can be several interested parties. This sudden level of interest can increase the confidence of a seller and convince him to stand firm against any silly offers – after all, if plenty of people are showing an interest, then surely someone will buy it eventually?….and normally this is a prudent philosophy. In my experience, as soon as a prospective buyer gets wind that someone else is in the frame for the property, the action starts and counter-offers are made.
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