subject: The Changing Face Of The Mallorca Inmobiliaria [print this page] If you're looking to buy or sell a property in Mallorca you will need to find a Mallorca Inmobiliaria. Mallorca Inmobiliaria is Spanish for Mallorca Estate Agent and there are many of these on the island.
Up until about ten years ago, the majority of the Mallorca Inmobiliaria would have been small, independent estate agencies and will probably have been owned and operated by a Mallorcan local. As demand for buying properties in Mallorca increased, the Mallorca Inmobiliaria will have started to employ a couple more agents and may have taken on agents who were fluent in other languages as they recognised that the demand for property on the island was changing.
Although there are still some small Mallorca Inmobiliaria operating on the island now, many of the new Mallorca Inmobiliaria have been established by estate agents from overseas, particularly the UK and Germany, as these are two of the biggest markets represented in Mallorca.
Although the situation would have been slightly different 5 to 10 years ago, when you would have perhaps been better off choosing to deal with a local Mallorca Inmobiliaria, nowadays the larger companies operating here have had so much experience with buying and selling properties on the island that they really know what they're doing!
Many Mallorca Inmobiliaria will have a large team of professionals, consisting of a number of real estate agents who will most likely be fluent in several languages between them. In addition, they will have in-house mortgage and legal specialists who know exactly how the buying and selling process works in Mallorca. After all, you will want an agency which knows what to expect and can tell you what's happening at every step of the way.
If you're coming to Mallorca with the intention of buying your first property here, there are a few things you should be aware of as a buyer which will likely be a little different to what you're used to!
Firstly, you'll find that the same property can be advertised with several Mallorca Inmobiliaria at the same time and at a different price with each one! Therefore, figuring out what the correct price should be can be a bit confusing. Also, in the UK, for example, when we see a property being marketed with more than one estate agent we usually assume it' s because the seller wants a quick sale and is trying to market to a widest audience as possible. In Mallorca this isn't necessarily the case! Marketing with several Mallorca Inmobiliaria seems to be common practice here!
The second thing to watch out for is that often sellers aren't actually in any hurry to move. Many sellers will receive a valuation and then decide to add on any amount to that valuation and basically wait and see what happens. So if they get a lower offer they're less inclined to take it because they're quite happy to wait! For buyers, this can get really annoying! But, if you work with a reputable Mallorca Inmobiliaria life should be a little easier!
by: Gen Wright
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