Distressed Property Spain

What are distressed property sales?

Distressed property sales are properties that need to be sold quickly and this can be for a number of different reasons. Normally, and especially at the current time – the main reason for distressed propertysales coming on to the market is due to the property owner not being able to keep up with mortgage repayments that were set out in the terms by the bank, the mortgage repayments may also be in arrears with the owner facing possible repossession by the bank if payments are not paid up to date.

Distressed property sales can also be due to personal reasons, family, work, health … there are many reasons why a property can become a “distressed property “.

Why purchase a distressed property sale?

Distressed Property Spain

Firstly, these type of properties, most often than not, are below market value, prices can be negotiable and depending on the severity of the owners situation – thousands can often be saved. In our own personal experience of selling distressed property, discounts of up to 20 – 30% of the real bank valuation of the property are not unseen hence the reason buying distressed property are in such great demand.

Win, win situation with distressed property …

Not only do the buyers get a cheap property but also the seller gets to sell their property quickly which depending on their circumstances could save them thousands if the property is in risk of being repossessed, or if it is for personal reasons – the property is one less thing to worry about.

Why not purchase a bank repossession then?

Simple, unlike distressed property, bank repossessions are not always as cheap as you first might think, it all depends on how much the property in question owes the bank from its outstanding mortgage that was aquired in the first place to buy the property. Then, here in Spain you will also have to pay an administration fee which is roughly 10% of the value of the property, that will be payable to the bank.

If you are looking for a below market value property or a distressed property – why not contact us today and one of our members of staff will be able to advise you on what properties are for sale and what properties are within your budget.

Contact Us

  • Address – Calle Clemente de Gosalvez 28b, 03180, Torrevieja, Alicante, Spain.
  • Telephone – (0034) 965 714 031 or 0870 301 98 73 (Charged at the cost of a UK call)

Do you need to sell your property fast?

Do you need to sell your property on the Costa Blanca south fast due to a personal or financial problem?

Why not take a look at our “Sell Property Spain" page, fill in the request form and one of our members of staff will soon be in contact with you do discuss marketing your property.

Take a look at the properties we have on offer at the Resale Centre, an excellent selection of bank repossessions, distressed property and extremely cheap Spanish properties!

Contact Form


Testimonials

Andrew and Angela

"Lee and Terry have been marvellous in the recent sale of our Spanish property. We bought it through them many years ago and there was no competition at all in our minds as to who we would ask to sell it for us. Friendly, approachable and professional at all times ...
5.0
2018-05-14T009:30:00+01:00
Andrew and Angela
"Lee and Terry have been marvellous in the recent sale of our Spanish property. We bought it through them many years ago and there was no competition at all in our minds as to who we would ask to sell it for us. Friendly, approachable and professional at all times ...

Paolo

"Hi Lee, Happy to endorse you as you did a great job from start to finish. Your firm was really efficient and made the sale very straightforward. You were supportive and took the time to explain things. I would happily recommend you to anyone. Regards, Paolo ...
5.0
2018-04-26T009:30:00+01:00
Paolo
"Hi Lee, Happy to endorse you as you did a great job from start to finish. Your firm was really efficient and made the sale very straightforward. You were supportive and took the time to explain things. I would happily recommend you to anyone. Regards, Paolo ...

Barry and Jane Cooke

"We have just sold our bungalow in Torrevieja through The Resale Centre. Lee sold the property to Swedish buyers and the sale was completely hastle free and the bungalow sold for a fair price in under six months, which was alot quicker than we expected considering the current housing climate ...
5.0
2018-03-27T016:30:00+01:00
Barry and Jane Cooke
"We have just sold our bungalow in Torrevieja through The Resale Centre. Lee sold the property to Swedish buyers and the sale was completely hastle free and the bungalow sold for a fair price in under six months, which was alot quicker than we expected considering the current housing climate ...

Robert Legowski

"Contacted Lee from the Resale Centre late 2017 by email and he advised me and my girlfriend to come over for a few days to look at the area and several properties. Lee picked us up from the hotel and showed us the area and many properties, we found from the start everything was professional and relaxed ...
5.0
2018-03-20T014:30:00+01:00
Robert Legowski
"Contacted Lee from the Resale Centre late 2017 by email and he advised me and my girlfriend to come over for a few days to look at the area and several properties. Lee picked us up from the hotel and showed us the area and many properties, we found from the start everything was professional and relaxed ...

Lynn & Jamie

"We were interested in purchasing a property in Torrevieja and had been in email contact with Lee at the Resale Centre prior to viewing some properties. He picked us up at our apartment on the Friday morning and took us to view properties we had seen online - as well as throwing in a couple ...
5.0
2018-02-28T016:30:00+01:00
Lynn & Jamie
"We were interested in purchasing a property in Torrevieja and had been in email contact with Lee at the Resale Centre prior to viewing some properties. He picked us up at our apartment on the Friday morning and took us to view properties we had seen online - as well as throwing in a couple ...

Helen Hinchy & Paul Ebsworthy

"I contacted the Resale Centre in June 2017 and within a very short time I had a meeting set up with Terry. After having a gruelling day with another agent looking at properties that did not match our needs we had the pleasure of meeting Terry. Wow! He just got us and within minutes ...
5.0
2018-02-14T009:30:00+01:00
Helen Hinchy & Paul Ebsworthy
"I contacted the Resale Centre in June 2017 and within a very short time I had a meeting set up with Terry. After having a gruelling day with another agent looking at properties that did not match our needs we had the pleasure of meeting Terry. Wow! He just got us and within minutes ...

Kevin Smith

"Less than 4 weeks after giving my property to the guys I got a call to say they had a buyer. I couldn't believe how quickly they had found a buyer as my experience with the previous agent hadn't been a good one. I had only given them the property at the very end of October and with ...
5.0
2018-02-06T009:30:00+01:00
Kevin Smith
"Less than 4 weeks after giving my property to the guys I got a call to say they had a buyer. I couldn't believe how quickly they had found a buyer as my experience with the previous agent hadn't been a good one. I had only given them the property at the very end of October and with ...

Paul Crosby

"Our experience on selling our apartment with The Resale Centre in Torrevieja. We went to The Resale Centre in Torrevieja and we were greeted by Terry and Lee we explained to them we want to sell our apartment in Torrevieja. Terry came to view our apartment the very next day and explained all ...
5.0
2018-01-22T009:30:00+01:00
Paul Crosby
"Our experience on selling our apartment with The Resale Centre in Torrevieja. We went to The Resale Centre in Torrevieja and we were greeted by Terry and Lee we explained to them we want to sell our apartment in Torrevieja. Terry came to view our apartment the very next day and explained all ...

Steve Byrne

"If a move to Spain is your dream but your afraid to take the leap then fear no more, I was in that situation when I came across the Resale Centre, Lee reassured me every step of the way and I was kept fully informed of everything to do with the purchase by Lee and his legal team who were equally ...
5.0
2018-01-16T009:30:00+01:00
Steve Byrne
"If a move to Spain is your dream but your afraid to take the leap then fear no more, I was in that situation when I came across the Resale Centre, Lee reassured me every step of the way and I was kept fully informed of everything to do with the purchase by Lee and his legal team who were equally ...

The Bryan family

"Thanks for all your help and advice, found us our dream property on the Orihuela Costa. Introduced us to lawyers / banks and currency companies that have all been superb. Thanks again The Bryan family ...
5.0
2017-12-16T009:30:00+01:00
The Bryan family
"Thanks for all your help and advice, found us our dream property on the Orihuela Costa. Introduced us to lawyers / banks and currency companies that have all been superb. Thanks again The Bryan family ...

Shirley Brien

"100% reccomend. We bought a property in Spain through the Resale Centre we dealt with Terry & Lee. The service was second to none, I would 100% reccomend buying through this agency, they made the whole process so easy and quick. Shirley Brien ...
5.0
2017-12-05T009:30:00+01:00
Shirley Brien
"100% reccomend. We bought a property in Spain through the Resale Centre we dealt with Terry & Lee. The service was second to none, I would 100% reccomend buying through this agency, they made the whole process so easy and quick. Shirley Brien ...

Mrs Julia Reeves

"Good afternoon folks. This is to thank you all for helping me with the sale of my property on La Siesta ... I do miss the place. The final monies reached my account here in the UK today ... all done and dusted now ... once again, thank you again for your help. Regards, Mrs Julia Reeves – ex.Calle ...
5.0
2017-01-23T009:30:00+01:00
Mrs Julia Reeves
"Good afternoon folks. This is to thank you all for helping me with the sale of my property on La Siesta ... I do miss the place. The final monies reached my account here in the UK today ... all done and dusted now ... once again, thank you again for your help. Regards, Mrs Julia Reeves – ex.Calle ...
5.0
12

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