Do you want to sell your property in Mallorca?

If you’re thinking of selling your house, it’s essential to know its real value in the real estate market. The value of a property depends on many factors, such as its location, size, construction quality, and special features it may have.

To determine the value of your property, it’s recommended to work with an experienced real estate agent in the local market. The agent can conduct a comparative market analysis, which involves comparing your property with similar ones that have recently sold in the same area. They can also consider other factors such as market trends, demand in the area, and supply of similar properties.

It’s important to note that the value of your property may change over time, so it’s recommended to perform an evaluation periodically to stay up-to-date with changes in the market.

Remember that setting the right price, without overvaluing the property, is crucial. It should be analyzed with an objective mindset rather than a subjective one, and its real value should be taken into consideration before proposing it in the market. This is crucial for selling your house in Mallorca quickly and at the best price.

The average timeframe to sell a property can vary depending on many factors, such as the location of the property, the sale price, the condition of the property, and the demand in the real estate market at that time. In general, it is considered to take around 3 months, but remember that this is just an average and can vary.

Furthermore, there are some factors that influence the selling time, such as the presentation and location of the property. A well-presented property in a popular location can sell quickly, while one in poor condition or in a less popular location will take longer.

It is also important to note that demand fluctuates at different times of the year and can affect the selling time. At certain times, such as the spring season, there may be more interested buyers.

In summary, the average timeframe to sell a property is around 90 days, but it can vary depending on several factors. Work with a local real estate agent who has experience in the market and can provide you with a realistic assessment of the time it could take to sell your property.

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

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

In order to sell a property in Spain, it is essential to comply with certain legal requirements and procedures. We advise you to prepare this documentation:

• Valid identification document (DNI or NIE).
• Simple note.
• Energy Performance Certificate.
• Habitability certificate.
• Building Inspection Report (if necessary).
• Receipt of payment for IBI and waste.
• Private contract with a deposit agreement.
• Latest utility bills.
• Certificate of mortgage debt (if necessary).
• Certificate of being up-to-date with community payments.
• Statutes of the community (if necessary).

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