Interested parties / buyers
Estate agent or private - where is better to buy?
The estate agent only wants to earn money......
Of course we want to earn money, we don't even need to discuss that. But we also do something for it. And if the new law is passed in the Balearic Islands in 2024, we will also be liable for our work and will have to fulfil many things by law beforehand, have to invest before we have earned a single cent. This includes an office, a website with prescribed content, property liability insurance, regular training, adverts on platforms, etc. So a real estate agent first invests four figures every month without having earned a cent.
An estate agent in the Balearics thus creates the basis for his work. Based on his knowledge, he obtains all the required documents from the seller (on average 15), he can estimate the purchase price correctly and fairly for both parties thanks to his market knowledge and he knows the area and the neighbours at all times of the year (location-location-location). In this way we create something very important - transparency on both sides - seller and buyer. Here, too, friendships - friends - amic's are formed.
As an expert, you know where to look for defects and you also want to be able to read construction plans and compare them with reality in order to determine a fair price.
This is how you build up a name - a good reputation - as a real estate agent / businessman.
And now ask yourself whether the private seller has the same interests?
If you want to buy a property in Spain, you need a NIE!
You can find everything you need to know about the NIE on our website: Emigrating to Mallorca - But the fact is, nothing works without NIE.
Your insurance experts are independent brokers in Spain and Germany
This time we can actually claim to be unique. Our companies are authorised as insurance brokers in both Germany and Spain. This means we can provide cross-border advice. What exists in one country and applies to both countries does not need to be taken out again in the other country. It's that simple
Buying a property in Mallorca with financing
Sometimes it even makes sense to finance a property instead of paying from savings. For example, if the money is invested at a better interest rate and the financing interest rates are lower.
In any case, you can also get your financing through us. Again, across all countries. We work with banks in Germany and Spain and prepare the financing for you in the best possible way, just the way you want it. We are also authorised as a financing broker in both countries. Of course, we also offer you this service if you have not found your property with us.
Additional costs when buying a property
In Spain and Mallorca too, additional costs are incurred when buying a property and, as in Germany, these cannot be co-financed and must be available.
The ancillary purchase costs average 11 to 13% of the purchase price stated in the notarised contract. The fluctuations are due to the graduated property tax, all other costs are almost always identical. They are
- Property tax
- Notary costs
- Entry in the land register
- Invoice lawyer /Gestoria for preparation of the purchase contract and other documents
- The costs of financing and payment are as follows NOT included.
Rent in Mallorca
We only rent to people who live and work here all year round. (Residencia must be available / applied for)
Most important rule: If someone offers you a rental contract in German only, without Spanish text and according to German law, take your feet in your hands and run away! If you are asked to pay your rent into a non-Spanish account or even in cash, do the same.
Yes, the rental market is difficult, but that doesn't mean you have to get yourself into trouble.
We only offer long-term rentals, for other time slots there are holiday portals.
As estate agents, we reject any form of illegality. We only offer bilingual rental contracts in accordance with Spanish law where the rent is transferred to a Spanish account.
Of course, we are happy to assist you with all administrative procedures and re-registrations.