Tag Archives: Auctions

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

Marsaxlokk

mxlokkMarsaxlokk is a charming village infamous for its traditional, brightly painted Luzzus, tasty fish restaurants and lively Sunday market and it is no wonder that it is highly visited by thousands of tourists every week. Located in the south-eastern part of Malta the village has around 3200 inhabitants and in the past, most of the inhabitants worked as fishermen. The name Marsaxlokk comes from the word “marsa” which means port and the word “xlokk” which means south in Maltese.

Malta Property Auctioneers have just been commissioned for the sale of a beautiful property in this village. If a quiet, peaceful lifestyle, away from the hustle and bustle of the city, yet with a selection of lovely eateries and tranquil country walks is your kind of thing, then this one may just be the perfect home for you.

Regretfully for sale by a foreign family returning back to UK the property is an elevated maisonette enjoying its own entrance with only one other overlying abode. The property has been finished in a contemporary style and to high standards and has a warm and welcoming feel right upon entry. As seen in the above picture, the main living area is bright and spacious, enjoys an open plan-concept yet still sectional and comprises a fitted kitchen with breakfast bar finished with a marble top. This lovely space leads onto a 35 foot back yard, covered by a sail, ideal for entertaining, pets or a perfect area for children to stretch their legs and waste some energy.

A bonus feature of this property is another spacious room at the back of the yard ideal as a games room, 4th bedroom/ nanny flat, dog house, studio/study etc.

The three bedrooms are all spacious (2 double 1 twin) and both the ensuite bathroom as well as the main bathroom are modern and spacious. The property is completed by an underlying lock up garage and is truly located on a quiet street yet only a minute away from the waterfront and picturesque bay.

The guide price on this property is affordable and very realistic, in fact a number of viewing are taking place this weekend. If you wish to know more just click here

If you wish to be the first to know when new properties are listed on auction in Malta you can like our facebook page or register for our newsletter.

 

Malta Property Auctioneers is a sister company of Pierre Faure Real Estate – a leading estate agency in Malta & Gozo

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.

Exquisite Detached Villa – Ready to move into – For sale by Auction

Moving house is very often the most stressful time in our lives, however, refurbishing a 1970’s villa is way more stressful than that, especially on an island renowned for slow, undependable workers. Chasing workmen, tile-layers, suppliers and acting as project manager is no easy task especially whilst simultaneously juggling a full time job plus wife and kids. For this reason, its not often that a refurbished villa comes on the market at a young stage of the property’s new life, especially one that has been painstakingly restored and finished to very high standards.

7157 resized (2)

BEFORE

DSC_3748 (Small)

NOW

 Malta Property Auctioneers are very proud to be appointed as exclusive agents for this recently refurbished detached villa with pool in the sought after area of Monte Rosa Gardens in Mensija (l/o San Gwann).

When the current owner purchased the property some 30 months ago, there was very little to please the eye. Dated apertures, chipped floor tiles, a falling apart kitchen and a layout not very fitting for today’s lifestyle. With a vivid imagination the owner decided to take on a project to give this property the new life it deserves. Several months, hundreds of hours of hard work, and plenty of arguments (with both wife and workers) later, and the property is unrecognizable.

Standing outside the property one immediately notices that the property has been completely re-plastered and painted, the apertures have all been changed to top quality double glazing , the main door restored to new life and the surrounding gardens re-tiled as well as the use of astro-turf to create a perfect play area for the kids. The inside has been equally cared for – the property, which was gutted to its innermost skeleton is now finished to perfect detail using a wonderful mix of textures and materials. Underfloor heating as well as air-conditioning throughout are only some of the extras included. The property boasts two living areas (one for the adults and one for the kids), a private office or study, a wonderful kitchen (see pic above) and dining area all leading onto the pool, bar and deck/lounge area, which is an incredibly private space.

DSC_3830 (Small) DSC_3796 (Small) DSC_3777_pe (Small) DSC_3779_pe (Small)

An extension has been built to make space for a 4th double bedroom (2 of which are ensuite and main enjoying a seriously nice sized walk-in wardobe).

The guide price for this property has been set at €695,000 – €735,000 which is incredible value for all the property has to offer. There is very little on the market that compares to this outstanding fully detached home. Viewings have already started and we expect many more before auction day. If you are looking for that ideal family home, with no expenses spared, ready to move into and in a nice villa area with no overlooking apartments around, I suggest you make that call to take a look before its too late.

DSC_3844 (Small) DSC_3830 (Small) DSC_3803_pe (Small) DSC_3815 (Small)

For more info, photos & Google Map location click 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

Malta Property Auctioneers – The only Property Auction house in Malta

In the past, auctions were a relatively uncommon way to negotiate the exchange of property in Malta. Today, we at Malta Property Auctioneers, a brainchild of Pierre Faure Real Estate, have become a household name, synonymous with offering property vendors a different marketing tool. Different because it gets your property sold in a much faster timeframe and with lower expenses.

Malta Property Auctioneers has revolutionized the real estate industry in Malta. We are now the smart choice for buying and selling unique real estate. In practice, haggling and negotiating and sales by set-price have always been significantly more common. Today however, Malta Property Auctioneers have proven that you can sell your property for the highest price and within the shortest period of time.

“We have modeled a process that focuses on creating maximum exposure for a property combined with the element of urgency and efficiency. This is what our sellers are attracted to. What we do really well is delivering what we say we will! – provide a detailed, aggressive and attractive marketing campaign for your property both locally and overseas and combining it with our knowledge, expertise in the local real estate market. We offer buyers the opportunity to purchase properties at values much lower than what they might be advertised at with agencies yet at the price they are willing to pay.

“Our business model is a win-win situation for all parties – the buyers, the sellers and even third party intermediaries, as we are always willing to work together on a commission sharing basis should a purchaser be introduced by another agency or broker.”

OLYMPUS DIGITAL CAMERA

Our next auction will be a milestone as it will be our 30th Auction and we are looking to offer our most exclusive portfolio yet. So what are you waiting for? If you own a luxury property in Malta and are tired of sitting around waiting for the “right” buyer to come along, give us a call now and let us show you the results we can achieve.

Stefan Consiglio – Manager – Malta Property Auctioneers

webshot

 

www.propetyauctionsmalta.comwww.maltauctions.com www.maltapropertyauctions.com

#propertyauctionsmalta, #maltauctions, #maltapropertyauctions