2.1.2. Estate agency roles

A professional real estate agent's role is to find you the right house, in the right area, at the right price.  Find a real estate agency before you start looking for property in Mallorca, then you can benefit from their knowledge of the island and make an informed choice on the type of property you want and the area you wish to concentrate on.

Finding you a property

Once you decide on the specifications you require in a property and the ammenities you want nearby, your agent will be able to make a selection. There is a certain degree of compromise needed on your part, because the Mallorca property market may not have exactly what you are looking for.

If your agent doesn't have the right property on their books however they will contact partner agencies and find you the closest match. You can delegate the tiresome job of sifting through endless unwanted real estate and see only the filtered portfolio of properties that suit you, your budget and your expectations.

Property viewings

If you do not live in Mallorca, your agent will arrange property viewings around your time on the island so you can fit as much as you can within the time you have. Getting all the information you can on the properties you wish to view beforehand will mean you can go to your viewings prepared. Your real estate agent will benefit from your honesty and will be better qualified to find you the right property, so be clear about what you are looking for in a house, what your budget is and the area you want to buy into.

Negotiating a price

Negotiating a price on the property is the moment of truth. Be certain that your agent is the person most qualified to handle the negotiations, and if not, have the Sales Director step in. An experienced real estate agent is generally more adept at making a deal than your lawyer but you can have your lawyer available to ensure your offer meets legal criteria. Your agent will also be most competent in ascertaining the bottom price of the seller while qualifying as a serious buyer.

Guide you through the sale

A real estate agent will help you find a property and guide you through the bureaucratic and legal process of actually buying a house in Mallorca. Their role is to act as intermediary between the two interested parties, the buyer and the seller and provide all the necessary support and expertise to make sure the sale is carried out correctly, in the interests of both parties and ensure you get the best possible price and the best possible service in the process.

Documentation, taxes and loans

Your real estate agent's role is above all to find and secure you the right property, but also to lead you through the purchasing process to a successful sale. There is a quagmire of paperwork to contend with, taxes and permits, loans and documentation, all in another language and in a foreign country. Having a team of experts who speak English and understand local, regional and national administration on your side is the best start way to ensure a successful house shopping trip.