The complete step-by-step plan for buying a second house in Mallorca - The guide of a property consultant
Welcome to Max Mallorca Property, your trusted property advisor on the beautiful island of Mallorca. I understand that buying a holiday home is an exciting and important decision. Therefore, I would like to guide you through the entire purchasing process and provide you with the necessary information and expertise. In this blog, I share a step-by-step guide to help you realise your dream of owning a second home in Mallorca.
Step 1: The wish list. It all starts with a personal consultation, where we identify your specific wishes and those you don't yet recognise yourself. Your preferences, requirements, and wishes together make a clear overall picture and then I can specifically search for your ideal holiday home in Mallorca.
Step 2: Find your holiday home in Mallorca. Using my extensive network and access to exclusive listings, we actively search for holiday homes that meet your criteria. We use our local knowledge to find the best options, as the most desirable properties in Mallorca are sold before they reach the internet. I shortlist the potential properties and go for viewings for you. When I am convinced I have found the best-suited houses, we will start visiting them together.
Step 3: Legal preparation - NIE, bank account and provisional sales contract. Before you can buy a holiday home in Mallorca, you need to go through a number of legal steps. One of the most important steps is obtaining an NIE (Número de Identificación de Extranjero), an identification number for foreigners. We will guide you in applying for an NIE and help you open a Spanish bank account, which is necessary to carry out financial transactions in Spain.
When finding your dream holiday home in Mallorca, we will conduct negotiations with the selling party on your behalf. Once an agreement is reached, a preliminary sales contract will be drawn up, setting out all the details of the transaction, including the obligation to make a down payment of 10% of the purchase price.
Step 4: Notary and transfer of ownership. The final transfer of the holiday home requires the intervention of a notary. The notary carries out a detailed legal check and supervises the formal process of transferring ownership. We work closely with reliable notaries specialised in property transactions in Mallorca. After completing the notarial procedure and meeting the payment conditions, the property is officially transferred to you.
Step 5: Payment and taxes. To purchase a holiday home in Mallorca, you also need to consider the payment of taxes and fees. This includes transfer tax and registration fees. I and the experts I work with will fully inform you about the expected costs and help you plan the financial aspects of the transaction.
Step 6: Aftercare and additional services for your Mallorca holiday home. At Max Mallorca Property, my service goes beyond the purchase. I offer comprehensive aftercare and additional services to ensure your Mallorca holiday home remains a source of pleasure and relaxation. Whether you need help finding a reliable gardener, managing your property in your absence, or advice on interiors, I am always at your service and can always connect you to someone.
Buying a holiday home in Mallorca is a dream come true with the right guidance and expertise. As a property consultant in Mallorca, I am ready to help you every step of the way. Contact me today for a no-obligation consultation and find out how we can make your dream in Majorca a reality. Click here.