OJEN, SPAIN, November 14, 2009
/24-7PressRelease/ -- Long-established award-winning real estate agent, Mercers, has just launched its newest concept which is ideally suited to today's Spanish property market - Rent2Buy. With purchasers hesitating and vendors despondent, a Rent2Buy arrangement bridges a win-win gap between the two.
Jason Báez Sulsona, Property Consultant for Mercers' Jerez office, comments, "The two key stumbling blocks for today's Spanish househunter are the poor pound-euro exchange rate and the bank's inability or unwillingness to lend. However, price-wise, the climate is right for negotiating an incredible deal. This leaves the purchaser in a dilemma which could be easily solved by a Rent2Buy scenario. The househunter gets their home and the vendor some welcome cashflow."
With Mercers' concept, the purchaser settles on their ideal home and negotiates a fair sales price with the vendor which is then locked-in until the end of the agreed rental period. After passing across a 10 to 15% downpayment, the purchaser can then access all the usual legal rights of use and enjoyment of the property for 12 - 24 months whilst paying market value monthly rent. At eventual completion both the downpayment and the rental fees are credited against purchase price.
Jason continues, "There is no loser with this arrangement. The assumption is that both the exchange rate and the lending environment will improve in the future so delaying completion clearly suits the purchaser. House prices will also begin to rise again so locking-in the price today is another big bonus. Meanwhile the vendor secures a buyer in a troubled market, cashflow to cover mortgage payments and the peace of mind of having a lived-in home rather than one exposed to deterioration or delinquency. And, should the purchaser pull out of the deal down the line, the vendor keeps the downpayment and rental fees eliminating all risk. For many people this will become the new way to buy a Spanish home."
Mercers has a portfolio of 'rental with option to buy' properties across both Jerez on Spain's Costa de la Luz and Mazarron on the Costa Cálida.
Lebrija nr Jerez - Rent with Option to Buy
Brand new 109m²-built townhouse set in the typically Andalusian town of Lebrija ideally located some 35km from Jerez and 65km from Seville. Arranged on two floors, the home has three bedrooms, the master with en-suite bathroom and Juliette balcony, a further family bathroom, a large lounge and completely fitted kitchen alongside a useful utility/laundry room. Fitted wardrobes, installed hot and cold air-conditioning and a large front patio complete the picture. Lebrija itself is within walking distance and well-stocked with excellent bars, restaurants and supermarkets. Meanwhile the sandy beaches at Sanlucar are a swift 20 minute drive.
Suggested sales price 120,000 euros. Monthly rental fee 500 euros per month plus bills.
Contact Mercers Costa de la Luz on 00 34 956 329 572, UK Local Rate 0845 017 7805, email jerez@spanishproperty.co.uk or visit http://www.spanishproperty.co.uk
Mazarron, Costa Cálida - Rent with Option to Buy
Three bedroom two bathroom Cibeles-style villa with large swimming pool set on the popular Camposol Golf resort. Fully equipped with air-conditioning, central heating, satellite TV, all white goods and DVD/CD player, the home makes an ideal long-term rental proposition. Every 'extra' has been thought of to include bedlinen and towels as well as a selection of games, toys and books. The 832m² plot has superb mountain and countryside views whilst Camposol itself has an 18-hole golf course, Spa hotel, bars, restaurants, commercial centres and medical facilities. The beach at Bolnuevo and marina at Mazarron are within a 15 minute drive. Wheelchair friendly.
Suggested sales price 245,000 euros. Monthly rental fee 600 euros per month plus bills.
Contact Mercers Costa Cálida on 00 34 968 199 188, UK Local Rate 0845 017 7805, email ccsales@spanishproperty.co.uk or visit http://www.spanishproperty.co.uk.
for further press information or photography please contact Sarah Drane
on sarah@purplecakefactory.com or call 00 34 607 564 726
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