this post was submitted on 13 Jul 2025
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Are our realtors incompetent? (lemmy.blahaj.zone)
submitted 1 year ago by timberwolf1021@lemmy.blahaj.zone to c/investing@lemmy.world
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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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[–] vatlark@lemmy.world 5 points 1 year ago (1 children)

You could look for a local property manager. They take a cut of the rent and deal with the day-to-day aspects of renting out the house.

[–] timberwolf1021@lemmy.blahaj.zone 3 points 1 year ago (2 children)

Hmm, that's a good idea. At least then it doesn't have to go through the family friend. I guess they'd take care of any necessary permits too. I like it!

Do you think it's realistic to try to rent out the property in low season as well (late fall, winter, early spring), or is this likely to be a predominantly summer thing?

[–] vatlark@lemmy.world 2 points 1 year ago

I don't know much about Spanish tourism. Seasonal rentals in the low season will make less money. Seasonal rentals will also have higher costs for keeping the property maintained.

Depending on the location you could also try for long term rentals rather than seasonal rentals. Less work for you and your property manager but also lower monthly rent.

[–] jordanlund@lemmy.world 1 points 1 year ago

Given how climate change is impacting everything, other seasons are likely more appealing than Summer.

https://www.bbc.com/news/articles/c9dgqnndx9xo

"A new heat record for June of 46C was set on Saturday in the town of El Granado, according to Spain's national weather service, which also said this month is on track to be the hottest June on record."

46° (115° F) in JUNE! I don't even want to contemplate August.