The Smart Way to Buy Property In Mallorca

Starting with your property search on Mallorca

When you start toying with the idea of buying a home in a beautiful place like Mallorca it’s easy to get carried away with enthusiasm, and rush into the process without making the effort upfront to define your property requirements in great detail, and identify the best professionals to help you realise your goals.

Many people jump from entertaining the idea of buying a property in Mallorca to searching property portals online, see lots of gorgeous properties, and before they know it they have fired off multiple enquiries to as many agents, and the process takes on a momentum of its own. Dealing with many agents they might find themselves rushed into a purchase they live to regret, or waste a lot of time to find out they have been led up the garden path.

A modern villa, an urban apartment or rather a traditional country estate?

The smart way to buy a home in Mallorca is to do your homework upfront, not rush into anything, and start off with a clear, realistic idea of what you want, which translates into a detailed brief of your requirements that you can share with property professionals. You also need to invest time and effort upfront identifying the best professionals to deal with, as the agent you use will have a big impact on how well things turn out. The time you invest in homework upfront reduces the risk of your getting carried away with enthusiasm, wishful thinking, and falling into the wrong hands.

Your detailed property brief should be put down on paper to get your ideas clear, providing as much detail as possible as to what type of property suits your needs, the features and characteristics you want, the location, budget, and time scale you plan to buy in. This is your starting point, and the more detail the better.

Get in touch with a real estate agency

The next step is to identify the agent you want to work with. There is no point in contacting lots of different agents as this does not work in your favor. For a start it makes agents feel like they are in a race to sell you something. Nothing motivates a good estate agent more than knowing that a serious client is going to work with them exclusively. It gives them an incentive to dedicate lots of time and go the extra mile for that client.

Good agents collaborate with other good agents, and can show you most, if not all the properties on the market that suit your brief, so going with one agent does not limit your choice. By all means search the online property portals to get an idea of what’s on the market, but resist the temptation to send  multiple enquiries to different agents, as this is more likely to create confusion and waste your time. Bear in mind that the real estate sales business in Spain is hardly regulated, and there is no way of knowing when you visit property portals, which agents you can trust, and which you can’t.

Find the experts with local knowledge

How do you find a good agent? Recommendations from sources you can trust like Spanish Property Insight are one way. A brand reputation is another reliable guide. Engel & Völkers are a premium global brand and have been working in Mallorca since 1990 with 18 property shops now covering the whole island, and a dominant 30% share of the international market of the most discerning multinational buyers. Engel & Völkers invests in staff training for its multilingual team of more than 100 in Mallorca, and has a valuable reputation to protect by taking good care of its clients. Few other agents in Mallorca can make the same claim.

Once you have defined your property brief and chosen your agent you can share your brief with them for expert feedback to make sure your search has the best chance of success. Then work with them closely until you are the proud owner of a home in Mallorca. It’s the smart way to buy property in Mallorca.

Contact us: by phone +34-971-23 85 84 or via eMail: mallorca@engelvoelkers.com