Tag Archives: for sale in 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

Sliema – Tigne – Corner Fully furnished apartment

Isn’t it great when you get repeat business?

 

DSC_0009 (Small)  The property featured here is a property I sold to a most delightful British couple nine years ago. They where the first and only people to make use of this apartment. They bought it in a finished state from a well known local developer and put their own touch to the property by filling it with top quality furniture , such as Natuzzi sofas, Chigo Airconditioners, Italian bedrooms sets, etc.

Even though the property is 9 years old ( relatively little for a well built property), its condition is immaculate as it served mainly as a holiday home a few weeks each year, with its large terrace serving as the perfect place for a family bbq enjoying the seaviews.

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Happy with the services of yours truly, both in terms of a smooth transaction back then as well as continuous support along the years, we at Pierre Faure Real Estate have been entrusted as exclusive agents for the regretful sale of this outstanding home away from home.

Located on a corner, in fact just one corner (15 meters) off the Qui Si Sana seafront, this bright and spacious apartment is being offered at €575,000 – lock, stock and barrel, in a ready to move into state and with a private parking space – a valuable asset for those who know a little bit about Tigne in Sliema!

All three bedrooms are equipped with double beds, and the main enjoys an ensuite shower. The kitchen, and I know this will please the older generation, is not open plan, but fitted separately into another room – There is the option to either open it up into the living / dining or even move it out completely to make way for a fourth double bedroom!

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If you’re looking for a really nice apartment in Sliema, but just cant afford or do not wish to pay the premium for being on the seafront – the fact that this is the best option on the market right now is an absolute non-brainer.

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If the pic above was not enough to tickle your fancy and make the call (356 79797956), or if you’re simply the curious type who loves nosing about peoples homes…..just click here for more pics.

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.

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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

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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!

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Buying Property at Auction

PROPERTY IN MALTA

Traditionally, buyers scour the market for
homes that interest them by attending
open houses, going on neighborhood
tours, scouting multiple online and
newspaper listings and contacting
several agents. Sellers, on the other hand,
typically work with listing agents to sell
their properties to interested buyers.
Unfortunately, this is not always the best
option as it is not always easy to evaluate
the market value of a property and even
the most experienced agent may provide
misleading advice. Real estate auctions
provide an alternative for commercial
and residential buyers and sellers. While
some cautious buyers and sellers might
hesitate, there are advantages for both
through the auction system.
As a seller, real estate auctions afford you
the opportunity to show your property
to multiple buyers at once during a short
period of time and ultimately sell to the
highest bidder. Potential buyers must
qualify for financing before they are
eligible to participate in the auction. As
a result, potential bidders are already
pre-qualified to purchase your property,
which maximizes both the buyers and
sellers chance of concluding a deal.
Why would anyone be interested in
buying a property at auction? Auctions
offer a first chance to snap up genuine
properties at attractive prices with the
knowledge that the vendor is committed
to sell. This is of utmost importance
especially in the case where the property
has been inherited by a number of people
as the purchaser will have peace of mind
that none of the vendors will back out
at the last minute.
Auctions of property for sale in Malta make the
negotiation procedure open and public
eliminating long negotiation periods.
Also the purchase and closing dates are
always known in advance and since the
auctioneer normally prepares most of
the notarial searches on the property, the
period between the promise of sale and
final contract is much shorter. Moreover,
through open competitive bidding one
knows that he has purchased at fair
market price. In theory, some of the
best properties in Malta are offered at auctions
because the auctioneer and his team
put great effort into offering properties
which are high in demand and searching
out vendors that genuinely want to cash
in fast without asking for exaggerated
prices and waiting for the right client to
come along.
Malta Property Auctioneers is the only
Property Auction house in Malta. Working
towards its 28th property auction to
be held in September 2015. Their team of highly
trained staff offer professional advice and
evaluations on any kind of real estate on
the islands.

More info at
www.maltapropertyauctioneers.com

Stefan Consiglio is General Manager at Malta Property Auctioneers & Pierre Faure Real Estate