Do you want to sell your house in Mallorca?

If you’re thinking of selling your flat or house in Mallorca, it’s essential to know its real value in the real estate market.

Valuing a property is not just about setting the price you want. It is a process that requires analyzing real market data: similar properties sold in the area, the condition of the property, qualities, location, orientation, current demand, among other factors.

Many owners, with all good intentions, set the price themselves, and this is where problems can arise. Sometimes they are swayed by the affection they have for the place or by what they’ve seen advertised online, without considering that published prices do not always reflect the final sale price. This can cause the property to remain on the market for a long time without visits, and in the end, sell for less than its true value.

If you have doubts about how to start or are concerned about wasting time and ending up lowering the price more than necessary, at Balear Living we are here to help you. We have solid experience and advanced tools that allow us to know the real selling prices in your area. Thanks to this, we can help you set a price aligned with market reality, so you can sell with confidence and in the shortest possible time.

This is one of the most frequently asked questions by homeowners. The reality is there is no exact time frame, but when the property is well valued, presented in quality, and directed to the right audience, it is common to close the transaction in two or three months maximum, especially in areas with active demand like Palma or Llucmajor.

The main reason a sale is delayed is usually a price out of market. Starting with a too high valuation, the property loses visibility, visits decrease, and, over time, it sells for less than what could have been achieved with the right strategy from the start.

The type of property also influences. The more exclusive and expensive a property is, the smaller the potential audience. In the case of luxury properties, times can extend to six or nine months or even longer. Still, at Balear Living, we have managed sales in just three or four months when positioning has been clear and well worked out from the beginning.

Yes, it is possible to sell a house even if it still has a mortgage. There are different options to do so, such as mortgage cancellation, subrogation by the buyer, and bridge mortgage, although the latter two cases are subject to the bank’s decision.

It is important to emphasize consulting with a professional in the real estate sector or a lawyer to ensure the sale is carried out effectively and without problems, as each option can have different legal and financial implications. This way, the best alternative can be chosen based on the specific needs and circumstances of each case.

To carry out the sale of a property in Spain, it is essential to comply with certain legal requirements and procedures. We advise you to prepare this documentation for your house:

• Simple note.
• Consult and reference value from the land registry.
• Energy Efficiency Certificate and valid occupancy certificate.
• IEE Certificate (if necessary).
• IBI and Waste payment receipt(s).
• Private contract with earnest money agreement.
• Latest utility bills.
• Mortgage debt certificate (if necessary).
• Certificate of being up to date with community payment.
• House sales deed.
• Community statutes (if necessary).

In addition to the documentation mentioned above, the buyer may request additional documents to prove the legality of certain parts of the property, such as a pool. Therefore, it is advisable to be prepared to provide this information if required.

Of course. At Balear Living we have assisted many homeowners living outside of Spain, facilitating the entire sales process clearly, safely, and completely remotely. One of our latest clients, for example, lives in Asia and only had to travel to sign at the notary. Everything else was organized from here through video calls, detailed reports, and constant communication.

We coordinate each phase with you, wherever you are:

• We manage visits, documentation, and procedures.

• We keep you updated on every progress, always in your language.

• And most importantly. We use digital signature with legal validity, allowing you to sign contracts from anywhere in the world without the need to travel.

Additionally, if needed, you can count on the support of our trusted collaborators such as lawyers, architects, and managers, who will accompany you in all necessary to guarantee the legal and technical security of the operation.

Distance is no longer a problem. With Balear Living, you can manage your sale from anywhere in the world, with the same confidence as if you were here.