Are you moving to Mallorca?

Moving to Mallorca, the beautiful island in Spain, can be an exciting and rewarding endeavour to ensure a successful move when buying a property in Mallorca, here's a comprehensive guide to help you through the process:

Research and Planning:

Location: Research different areas of Mallorca to find the one that suits your lifestyle and preferences.
Budget: Determine your budget for buying the property, including associated costs such as taxes, fees, and renovations if needed.

Property Type: Decide whether you want a house, apartment, villa, or any other type of property.

Get in contact with Comfort Properties:

We are a local Expertise: a reputable local real estate agent who has a good understanding of the local market and regulations.

We are fluent in English and Spanish to facilitate effective communication.

Legal and Financial Considerations:

Legal Assistance: Hire a lawyer who specializes in real estate transactions in Spain to review contracts and guide you through the legal process.

Financing: If needed, secure financing through a Spanish bank or other financial institutions.

Viewing Properties:

Visit in Person: Whenever possible, visit the properties in person to get a feel for the neighbourhood and the property's condition.

Inspections: Consider hiring a professional inspector to assess the condition of the property and identify any potential issues.

Negotiation:

Price: Work with your agent to negotiate the best price for the property.

Terms and Conditions: Discuss and negotiate terms such as the payment schedule and any necessary repairs.

Due Diligence:

Property Title: Verify the property's legal status and title to ensure there are no encumbrances or legal disputes.
Planning Permissions: Check if any renovations or modifications you plan to make require planning permissions.

Sales Agreement and Deposit:

Reservation Contract: Sign a reservation contract and pay a deposit (usually around 10%) to secure the property.
Legal Review: Have your lawyer review the sales agreement to ensure your interests are protected.

Completion:

Final Payment: Once all legal and financial requirements are met, complete the purchase by paying the remaining amount and associated fees.

Notary: The sale deed will be signed in the presence of a notary, who ensures the transaction's legality.

Post-Purchase Steps:

Transfer Utilities: Transfer utilities to your name and ensure all services are set up.
Register Property: Register the property in your name at the local land registry.

Settling In:

Furniture and Essentials: Furnish your new property and make it feel like home.

Integration: Get to know your neighbours and the local community, and explore the island's attractions.

Remember that each property purchase is unique, so it's crucial to have professionals guiding you through the process. Additionally, take your time to make informed decisions and ensure that all legal and financial aspects are properly addressed. With careful planning and the COMFORT PROPERTIES’ assistance, your move to Mallorca can be a smooth and enjoyable experience.