Searching for a flat on property portals requires investing a lot of time. According to Tinsa data, it takes, on average, 10.6 months to sell a flat in Spain. Behind this statistic are hours of visits, telephone calls and deliberations for the buyers.
But it does not always take so long and there are some large cities where properties can go in a matter of days. Or even more quickly: in Madrid districts like Chamberí, some adverts have lasted barely 2 hours on the property portals as there are those that understand the market very well and go hunting for a bargain as soon as they spot one.
According to the experts, many of these quick buyers are investors with a deep understanding of the market. But, for the average buyer, there are several things to bear in mind before jumping in to put in a reserve on a flat or making a firm offer.
And it is worthwhile putting in a bit of work before making a commitment. It is usual to have studied prices in the area first to see if the property conforms to the market.
But experts warn that, in the rush to secure a bargain, people sometimes forget to consult, or ask for, other essential data that are not always required for the signing of the purchase contract (for which other types of official documents are also required), but which may be crucial for the buyer