Tag Archives: agents malta

Exclusive Property Listings

What is an Exclusive Property Listing?

When a property is listed with a Real Estate company in Malta, you may know by now that it can be listed either “Exclusively” (Sole agents) or as an Open listing.  When a property is marked as “Exclusive” this means that the sale of the property is “Exclusive” to the one company which has it listed. For example, just imagine that company ABC Real Estate lists Apartment No. 1111 at Portomaso as an “Exclusive” listing – this means that the only agents that are able to advertise, conduct showings/open houses, and ultimately sell this property are ABC Real Estate. Viewing such properties with a different agent, could ultimately result in paying more commission!

In Many countries the norm is to list with only one agent, however in Malta, very  often we find that people opt for Open listings, either not to offend friends or family members that work with other agencies by giving them equal opportunity to sell the proprety but also to increase the sales force by adopting a first come first served basis.

What Does An “Exclusive” Listing Mean For A Seller?

For a Seller, an exclusive listing has several advantages. The first advantage, is obviously a lower commission rate, which ultimately also benefits the buyer. Another worthy mention, is the fact that sellers get a more personalized service since the Sole agent will be more committed to make the extra effort to get your property sold. Locally, another tremendous advantage of listing Exclusively is that you will not have hundreds of agents and agencies wasting your time by showing your property to prospective clients without even being knowledgeable about what they are trying to sell. Exclusive listings are popular among sellers who prefer an added level of privacy during the home selling process. As Real  Estate agents, we only have a couple of goals in mind when working with sellers – the obvious goal would be to sell your property for the best price and in the least amount of time possible. However, another important goal in selling your property would be to bring you the best possible and most suitable conditions (i.e. fair selling price, convenient closing dates, fair conditions. etc.) –  and this is best achieved when working in a more personal manner.

Palazzo in Valletta Exclusively for sale through Pierre Faure Real Estate

Palazzo in Valletta Exclusively for sale through Pierre Faure Real Estate

 

What Does An “Exclusive” Listing Mean For A Buyer?

As mentioned above, as a buyer you will ultimately be paying less commission. Also, when properties are under an exclusive agreement you will most likely avoid a bidding war with other potential purchasers since the agency will be fully aware of other offers received.

Written by Stefan Consiglio – Manager at Pierre Faure Real Estate & Malta Property Auctioneers.

A double Fronted Townhouse in Sliema exclusively for sale through Pierre Faure Real Estate

A double Fronted Townhouse in Sliema exclusively for sale through Pierre Faure Real Estate

Properties with large outdoor spaces for our 32nd Auction to be held early 2017

It may not be the season to be thinking about gardens and swimming pools just yet but before we know it, hot spring days will be upon us and then for 6 months of summer. I have always said that the best property investment in Malta is one with outdoor space. Statistics show that these are the properties that have increased in value , year after year for several reasons – scarcity of land, long summer days, etc etc.

At Malta Property Auctioneers we have always tried to focus on properties that offer something unique and our 32nd Auction will be no different. This week we have listed 3 new properties that will surely grab the attention of the house hunter looking for a large outdoor space!

The first property is definitely a rare find. Located towards the south of Malta on the outskirts of Birzebbugia (B’bugia) , a 5 minute drive from Malta International Airport, is a 200sqm Bungalow enjoying a 3000sqm garden. Located on a traffic free street, the well kept landscaped garden enjoys total privacy, imposing driveway, mature trees and a 60sqm pool with an awesome deck area. The property itself is bright and spacious with a very comfortable layout but could honestly do with a little upgrade!

More info here: http://www.maltapropertyauctioneers.com/Home/Property?code=BUNG3138

More info and photos on this Birzebbugia Property for sale by auction here.

For those looking for something a little bit more central, more cosy, more authentic and more manageable, the property in Bidnija featured in the header photo is definitely one not to be missed. Bidnija is located in the centre of the island, 2 minutes away from Naxxar & Mosta and has so far remained a very small village surrounded by countryside with clean air and very little traffic passing through. This alone makes it a great investment and a highly attractive property. Unique in style, this house of character has a cottage-type feel to it. White washed from the outside, the inside is full of surprises. The house has a unique layout with all rooms leading onto the beautiful garden with a good sized pool and deck area. The property enjoys three bedroom as well as a large study and the fireplace in the living room is a lovely feature.

More photos and details on this one here: Bidnija House on Auction

For those who prefer to be close to the city we have also listed a property within a short walk to St. Georges Bay, Portomaso etc. Regretfully for sale is this structurally converted Fully Detached Bungalow overlooking the Swieqi/ Pembroke valley. A renowned local architect has drawn up highly attractive plans and visuals to turn a 1980’s property into something more modern/contemporary. Permits where obtained and the house has been stripped down to shell form leaving the new owner with the opportunity to finish it to his own style and standard. The property will have a bright ans spacious layout with 3 bedroom on one floor, main having a huge walk0in wardrobe and ensuite and with all room leading onto terraces whichin turn overlook the valley. At basement level, besides 2 garages one can split the property to his own requirements with the options of having offices, clinics, seperate flallets etc. You can see the visuals and plans here

Malta Property Auctioneers already have 13 attractive lots lines up for the first quarterly Auction of 2017. All the properties have large outdoor areas and the budgets vary.

A rare opportunity to invest in the silent city of Mdina.

Tigne Point, Portomaso, Madliena, Fort Cambridge and the Sliema seafront are a few places that come to mind when people think of exclusive addresses in Malta. However, one of Malta’s most visited tourist attractions, the fortified and silent city of Mdina could easily be top of the list. The problem is that the stock of real estate in Mdina is extremely limited and very little ever comes on the open market as they are usually passed on from parents to children for years and years. One must keep in mind that Mdina is almost 4000 years ago and from its first years it was mainly built and inhabited by Noble families. – hence the nickname Citta Notabile!

For this reason, we at Malta Property Auctioneers are very excited to have been commissioned for the sale of No.3, Triq Mesquita, Mdina – For those who know Mdina well, Mesquita street enjoys the beautiful Mesquita square (pictured below), a most beautiful and tranquil pjazza housing the Mdina experience.

DSC_0100 (Small)Mesquita Square

Mdina is still fully inhabited and what surprises most visitors is the silence inside its walls especially at night. On an island stuffed to the brim with vehicles and traffic, the fact that cars aren’t usually allowed to get in is a major added bonus.  Mdina can offer the discerning client a lifestyle like no other with tranquility and safety galore coupled with a great selection of cafes, tearooms, winebars and restaurants all within a 2 minute walk.

So what about this property? –  While I am still trying to gather the history and date of this particular house, it doesn’t seem to be as old as some other properties within the walls. We are not talking a 400 year old house with flaky walls and arched ceilings surrounding a central courtyard. In fact the style is more reminiscent of your typical Sliema townhouse. A double door entry (anti-porta) welcomes you into a lovely hallway. Upon entering one will immediately notice that even though the house needs some T.L.C, or should I say modernizing, the condition is immaculate. All the original features such as an elegant staircase, beautiful and diverse patterned tiles in all the rooms, perfect  high ceilings held up by great quality wooden beams, all the original wooden apertures including shutters as well as your typical “Maltese” balcony are all extremely well kept and hardly need any attention.

DSC_0055 (Small) DSC_0040 (Small) DSC_0041 (Small)DSC_0072 (Small)

The layout is very accommodating. Off the hallway are 2 large rooms, ideal as living and dining. Another large room will make the perfect kitchen/breakfast with pantry and guest WC. All rooms lead onto a good sized back yard and provide ample light to the property. Upstairs are 2 large bedroom and a bathroom. The roof terrace is begging to be converted into a lovely roof garden overlooking a chapel cupola and with views of all the Mdina churches.

With minimal expense this property can be upgraded into a truly outstanding property in Malta, in a unique location and environment,

The property will be auctioned at our 31st Property Auction to be held in October 2016. The guide price is €625,000 to €675,000 and more detailed info and pictures can be found here.

A Successful 29th Property Auction

Malta Property Auctioneers Ltd. looking forward to their 30th Property Auction

DSC_0103 (Small)

Malta Property Auctioneers held their 29th quarterly Auction last Saturday 30th January at the Royal Malta yacht Club. Another successful and satisfying auction for all the participants, both vendors and buyers with almost €6 million worth of property sold under the hammer.

“This was another pleasing event for us and we are really looking forward to launching our milestone 30th Auction. Nine years ago today we opened our doors and where a little skeptical whether the idea would take off in Malta. Today we are the smart choice for buying and selling real estate. So much so, that other names in the local Real estate scene are trying to dive into this more targeted business model.
“It was only a matter of time before others followed suit. In fact others have already tried and failed. It is very typical of the Maltese to take a good idea and try to make it their own, to see who is successful and try to steal their recipe, but we have been in business for nine years and we have established our own market niche. Besides, who wants to drink Star Cola when the original Coca Cola is sitting on the same shelf ??? “ – remarked Stefan Consiglio, when questioned about the hearsay that other property auctioneers where about to launch.
“To be a successful property Auctioneer one needs to have extensive knowledge in the local real estate market, an auctioneers licence and a team of highly trained sales agents – Our experience in real estate goes back over 30 years through Pierre Faure Real Estate. The other ingredient for a successful auction, is a large database of highly qualified investors together with an aggressive marketing campaign – both items we have been harvesting and perfecting bit by bit over the last 9 years as auctioneers.
“We are a company that keeps up with current trends in marketing and are always looking into the newest marketing mediums to get the best possible exposure for your property with the intention to sell it to the highest bidder within a short period of time by creating an environment of urgency. Our business model is a win-win situation for all parties and the results are there to be seen . Moreover we are always willing to work together on a commission sharing basis with other agencies or brokers making our sales force even larger – this way we do not close a window of opportunity to anyone but rather open doors to all – pun intended.”
Malta Property Auctioneers’ exact 30th Auction date will be announced shortly but will be held around April/May. We are currently in the process of putting another attractive portfolio of properties together so for those willing to sell their property fast and efficiently – now is the time!

smartchoicegif