The Estate Agent and Property Consultant
What is the difference?
Estate agents (agentes inmobiliarios) are people of the area and therefore will only have properties for sale within that area in the case of Mallorca most of the biggest agency are offering properties in all the island . The agent earns commission from the sale of the property and will try to obtain the best possible price for the property, he knows what price the vendor can accept . he is also able to give the buyer an estimation of the fees and the property charges for which they will be responsible.
Property Consultants ( as we are in Pascual Associats ) , as their title means, will search for a property within the client’s price range and matches their requirements. Most of them offer a personal service, taking the potential purchaser to view the properties they have short-listed. They can charge a fee to the buyer or take a percentage commission from the price of the property instead. ( in this case the seller will be charged )
In Pascual Associats we don’t charge any fee to the buyer
Pascual Associats MUST BE YOUR REFERENCE – WE DON’T CHARGE ANY FEE TO THE BUYER –You will have always the same interlocutor and it will be easier for you to define your project.
We have a meeting with the buyer when we try to define the requirements and the range of prices. We can see also the problem of the mortgage and if you want something to refurbish we can come with an architect and a builder .
The Notary
The notary is a public official and given the title of Notario. The notary is highly qualified in the Spanish legal system and is able to advise about property transaction , taxes and family, succession and corporate laws. He is the people con can legalise the property purchase. Notaries are Public Officials and provide legality to the contracts they supervise. They are responsible for the conveyance, preparing the various documents to confirm the seller’s title to the property. They had to check tthat there are no other mortgages on the property, no problems with embargo … They are personaly responsible for all the documents signed with them , which provides a guarantee for the client.
The buyer can choose is own notary.
In our area we have :
In santa margalida :
https://www.google.es/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=notaria+santa+margalida
in arta :
http://www.notariosdebaleares.org/notario/joan-munar-bennassar
in son Servera .
http://www.notariosdebaleares.org/notario/francisco-garcia-de-la-rosa-homar
The lawyer
Face the language barrier you may think it would be better for you to have your own lawyer. know that it is not an obligation, and that the notary will do for you all the legal checks for free as part of its mission.
However If you choose the legal advice know that it will cost you between 1 and 1.5% plus VAT
Pascual Associats can help you with the legal process before to go to the Notary, we can help for all banks and rentability problems, for all legal issues related to the construction and other legal preoccupations, we are happy to put our team at your service.
Mortgage Brokers
A mortgage broker works with various Spanish banks and mortgage providers. he knows exactly in which bank for which case and understands . He will act as the buyer’s intermediary with the lender. There is a certain cost but it will be paid directly by the bank .they are professional and have professional indemnity insurance and are registered with each bank and mortgage provider they represent.
In most of the cases the broker will not charge to the buyer.
Pascual Associats can give you a listing of good brokers in the island
Architects and Surveyors
An architect or surveyor should be considered if purchasing an older property or one in need of renovation. Pascual Associats works with Technical architect and builders .
They will have experience with planning and obtaining necessary permits and certificates, and be able to provide an estimate of the cost. They should also know of reputable registered builders who have their own insurance to cover their work, which is essential especially if taking out a mortgage for renovation or improvement works.
Pascual Associats can manage all you project from design to realization, by negotiating for you the best market price for the best quality, Pascual associats will monitor your project without having to make you anything .You can enjoy the perfect result without the worries of the implementation.
