Real estate agent Manacor

The property market in Manacor, the third largest town in Mallorca, has experienced a rapid upswing in recent years. The town is characterised by its authentic Mallorcan architecture, its prime location and its proximity to some of the island's most beautiful beaches. For buyers and sellers of property, working with an experienced and competent real estate agent in Manacor is invaluable. This is where KENSINGTON Artá comes in - as a renowned estate agent in Manacor, the company is your ideal partner when it comes to buying or selling property.

The role of a real estate agent in Manacor

A real estate agent fulfils many important functions, especially in a dynamic and complex market like Manacor. Thanks to their extensive market knowledge and expertise, they not only provide access to exclusive properties, but also support their clients in crucial processes such as price negotiations, concluding contracts and clarifying legal issues. Buying or selling a property is a major decision that often comes down to the details. An experienced estate agent helps to make these decisions in a well-founded and confident manner.

One of the central tasks of a real estate agent in Manacor is to analyse the market. A good estate agent knows the specific conditions and characteristics of the local market inside out. Property prices in Manacor fluctuate considerably depending on the location, type and condition of the property. For example, the value of a property can vary greatly near the coast or in more rural areas. By carrying out an in-depth market analysis, the estate agent can make realistic price estimates and thus ensure that properties are offered or purchased at fair market conditions. This protects both buyers and sellers from financial disadvantages and ensures fair pricing.

Another key aspect of a real estate agent's work is the marketing of properties. The estate agent relies on targeted and well thought-out marketing strategies to optimally position properties on the market. This includes the use of high-quality photographs, professional videos, virtual tours and detailed and appealing exposés. In addition, properties are presented via various online portals and social media in order to reach the largest possible target group. A comprehensive online presence is essential, especially in an international environment, which plays an important role in Manacor due to the large number of foreign investors.

When conducting negotiations, the estate agent acts as a competent intermediary between buyer and seller. This is often one of the most delicate phases of a property transaction, as the interests of both parties are at stake. The estate agent takes charge of the negotiations, works towards fair conditions and ensures that both parties benefit from the transaction. His task is to achieve realistic prices that fulfil both the wishes of the seller and the possibilities of the buyer. Successful negotiations require both knowledge of the market and a sure instinct.

Equally important is the legal support offered by a real estate agent. In the Balearic Islands in particular, there are specific legal regulations that must be observed when buying or selling property. These laws and regulations can often seem difficult to understand and complex to outsiders. The estate agent advises his clients comprehensively and ensures that all the necessary legal steps are taken. They take care of checking the relevant documents, ensure that the property sale or purchase is legally secure and make sure that all contracts are handled correctly and completely. In this way, potential legal pitfalls can be avoided and the purchase process can be organised smoothly.

KENSINGTON Artá - Your real estate agent in Manacor

Our experts at KENSINGTON Artá have established themselves as leading estate agents in the region around Manacor and in the north-east of Mallorca. With years of experience in the Mallorcan property market, we offer comprehensive services that provide optimal support for both buyers and sellers. Our team knows the specific market conditions in Manacor and the surrounding area inside out. This in-depth knowledge enables us to understand the individual needs of our clients and offer tailor-made solutions for buying or selling property.  

Furthermore, we can present our clients with a large selection of exclusive property offers. As part of an international network, we have access to properties that are not available on the open market. Our portfolio covers a wide range: from luxurious villas to traditional Mallorcan fincas and modern city flats. Customers looking for special and unique properties benefit from this exclusivity and the opportunity to discover first-class properties that are rarely available elsewhere. As a company, we also use modern marketing techniques, including both online platforms and social media, to advertise properties in a targeted and effective way. By using high-quality photography, videos and virtual tours, each property is presented professionally to attract the interest of the widest possible target group.

Furthermore, customer-orientation is a central component of our corporate philosophy. We attach great importance to close and personal customer loyalty. Buyers and sellers receive comprehensive support throughout the entire process - from the initial consultation to the finalisation of the transaction. The individual needs of each customer always take centre stage. We do everything we can to ensure that our customers feel well looked after and understood at every stage of the buying or selling process. 

Services for sellers

With us, sellers benefit from a comprehensive service package that makes the sales process efficient and stress-free.

• Property valuation: A realistic property valuation is the first step towards a successful sale. Our estate agents carry out well-founded market analyses to determine an optimum sales price.
• Professional presentation: The property is presented in the best possible way with high-quality photographs, virtual tours and appealing exposés. Marketing takes place both locally and internationally in order to achieve the greatest possible reach.
• Targeted marketing: We use state-of-the-art marketing strategies to market your property via various channels. These include online portals, social media and targeted advertising campaigns.
• Negotiation and contract conclusion: Our experienced team handles all communication with potential buyers and conducts negotiations on your behalf to achieve the best possible price. Our estate agents will also assist you with the legal process and the conclusion of the contract.

Services for buyers

Buyers also benefit from the extensive services of our estate agents in Manacor.

• Individual advice: Every property purchase is a personal decision. That's why we offer you personalised and comprehensive advice in order to understand your wishes and needs precisely.
• Access to exclusive properties: Thanks to our broad network, our estate agents have access to a large number of properties that are not available on the open market. You will receive exclusive offers that are perfectly tailored to your ideas.
• Financing support: Our team at KENSINGTON Artá works with experienced financial advisors who will help you find the best financing options for the purchase of your dream property.
• Legal protection: Buying property in Spain requires specific legal knowledge. We advise you on all legal aspects and ensure that the purchase is safe and transparent.

What you should look out for when buying a property in Manacor

When buying a property in Manacor, there are some important points to consider to ensure that the buying process goes smoothly and successfully. Especially in the Balearic Islands, where Manacor is located, there are specific regulations and regional characteristics that buyers should take into account. A thorough understanding of the legal framework and the costs associated with the purchase is therefore essential.

Legal situation in Spain

Buying property in Spain differs in some key respects from what buyers from Germany or other European countries may be used to. To ensure legal certainty, buyers should be aware of the most important steps and documents that accompany the purchase process:

• Nota Simple: This document is an extract from the land register that contains all relevant information about the property, including its legal situation, possible mortgages and whether there are any encumbrances or restrictions. It is essential to check this extract carefully to ensure that there are no outstanding legal issues or liabilities.
• Preliminary Contract (Contrato de Arras): Once the main terms have been agreed between the buyer and seller, a preliminary contract, known as a ‘Contrato de Arras’, is signed. With this contract, the buyer undertakes to pay a deposit (usually 10% of the purchase price) to reserve the property. This deposit serves as security and can be reclaimed or forfeited under certain conditions if one of the parties does not finalise the purchase.
• Notarised purchase contract: The final purchase contract in Spain is always signed before a notary. The notary checks whether all legal requirements have been met and ensures that the purchase is carried out correctly and in accordance with the law. The buyer is only entered in the land register as the new owner once the contract has been notarised.

In addition, buyers should bear in mind that a so-called N.I.E. number (Número de Identificación de Extranjero) is required to purchase property in Spain. This foreigner identification number is required for all legal and tax transactions.

Additional costs

In addition to the actual purchase price, there are various additional costs in Spain, which can total around 10-15% of the purchase price. These costs vary depending on the type of property, region and individual circumstances, but the following items should always be factored in:

• Notary fees: Notary fees are an integral part of the purchase process and are due for the notarisation of the purchase contract. They usually amount to around 0.5 % to 1 % of the purchase price.
• Land register fees: As soon as the notarised purchase agreement has been signed, the new owner must be entered in the land register. This is another costly step that usually amounts to around 1 % of the purchase price.
• Taxes: Buying a property in Spain is subject to various taxes. When buying from a private seller, property transfer tax is payable, which is between 8 % and 10 % of the purchase price, depending on the region. When buying from a property developer, VAT (IVA) of 10 % and stamp duty of around 1.5 % are charged instead.
• Estate agent commissions: If an estate agent is involved in the purchase, there is usually a commission which is usually paid by the seller. This is usually between 3 % and 5 % of the sales price.

To avoid unpleasant surprises, buyers should include all these additional costs in their financial planning from the outset. A detailed calculation helps to maintain an overview and ensure that the purchase is financially secure. An experienced estate agent in Manacor, such as our experts at KENSINGTON Artá, will help buyers to present these costs transparently in advance and take them into account in their planning.