Puerto Pollensa Travel Guide
Before You Go
Flights
Package Holidays
Latest Special Offers!
All-Inclusive Hotels
Hotels & Aparthotels
Private Villas/Apts to Rent
Villa Companies
Local Rental Agents
Cruises
Car Hire
Airport Transfers & Taxis
Travel Insurance
Late Deals!
Currency
Holiday Shopping
Background Info
Language
Books
Events & Fiestas
Climate & Weather
Art & Culture
Flora & Fauna
Links
Discussion Forum
Once You're There
Maps
Airport Directions
Tourist Information
Eating Out
Buses & Trains
Music & Entertainment
Excursions & Days Out
Shopping & Markets
Kids
Beaches
Walking, Cycling
Boat Charters
Sailing/Watersports
Market Place
Boats & Yachts
Property For Sale
Businesses For Sale
Property Services
Local Services
MouseMats & T-shirts
Computers
Internet Services
Virus Protection
PuertoPollensa.com discussion forums

Go Back   Pollensa Forum > LIVING & WORKING IN POLLENSA > Living & Working in the Pollensa Area

Living & Working in the Pollensa Area This forum is for any comments, questions and advice about living (permanently or temporarily) and working in the Pollensa area. Aimed at ex-pats, property owners etc.

Like Tree6Likes
  • 2 Post By Tomir
  • 1 Post By bobley
  • 1 Post By Sparky
  • 2 Post By bobley

Reply
 
LinkBack Thread Tools Display Modes
  #1  
Old 28-02-2018, 20:17
*****
 
Join Date: Feb 2008
Location: Lancaster
Posts: 694
Default Estate Agent Advice

We are lucky enough to be coming over next week with a view to purchasing a property in the Port. We have a short list of properties, but many of these are multiple listed by a number of agents. Many agents also say that they “collaborate” with other agents.

So my question is this.....is there a protocol in dealing with agents? I hate to waste people’s time, but need to decide which agent(s) to request viewings from. They all seem also to help purchasers in ways UK agents wouldn’t ( obtaining NIE numbers, for example), though I see a conflict of interest there and would prefer to rely upon my solicitor.

Any words of wisdom for me, please?
Reply With Quote
Sponsored Links
  #2  
Old 28-02-2018, 23:42
*****
 
Join Date: Feb 2018
Location: South Northants
Posts: 240
Default

Firstly. It's your money. Spend it how you want. Dont let the estate agents railroad you. You are perfectly entitled to view as many properties with as many agents as you like. Just dont view the same property with more than one agent and view that property with the first agent who introduces it to you.

They appear to work hard because they want the big commission before a rival agent bags it. The commission is much higher than the UK.

It is important to be honest and transparent when dealing with multiple agents dealing with a property. Many will make you sign a viewing sheet which they use to prove that they have shown you a property just in case you decide to put in an offer through another agent. They can also tell the vendor your name before showing you round just to make sure they get your name registered through them.

I think I've dealt with every estate agent in Pollença (old town) in the last 3 months. It feels like it. (to be honest I didn't speak to Calm properties becasue all their properties in my price range are with other agents).

I'm not a pushy bloke, I go with the flow but I've had to tell a couple of agents to sling it as they just talk cr#p and one started instructing my solicitor without my permission.

I've had really good experience with Balearic, Sol Mallorca, Kensington and Engel and Volkers. I did hear one talk about collaboration but I never saw any evidence of it. I think they just talk to eachother occasionally...

I dont think an estate agent can apply for a NIE but they can put you in touch with a solicitor who can do it for you. Basically they can put you in touch with a surveyor (who is often actually an architect), a solicitor, a mortgage advisor and a bank so it's very easy to buy a property.


Have you got any reference numbers for the properties you like? I bet folks on here will be familiar with them...

Last edited by bobley; 01-03-2018 at 00:35. Reason: reworded
Reply With Quote
  #3  
Old 01-03-2018, 00:09
Sparky's Avatar
Super Moderator
 
Join Date: Feb 2008
Location: Port de Pollença
Posts: 17,606
Default

Please don't post any direct links to outside websites.
__________________
Living the dream in PP with my glass half full .
Reply With Quote
  #4  
Old 01-03-2018, 00:58
*****
 
Join Date: Feb 2008
Location: Lancaster
Posts: 694
Default

Thanks Bobley......that’s very helpful advice.
Reply With Quote
  #5  
Old 01-03-2018, 14:28
*****
 
Join Date: Apr 2012
Location: Maidenhead Berkshire
Posts: 111
Default

I don't post often these days but had to here. I worked a summer with a well known agent and can tell you that they charge 5% commission. They will share people and property with other agents to share the fee. Sometimes neither buyer or seller will be aware of this which is why you can see the same property with many agents. They all want part of the fee. They will try to get you to sign to safeguard there interst but do what you want to do. Also they earn from mortgage applications and opening bank accounts. They will have there own list of solicitors where they will get a kick back. There is nothing wrong with this as it is business but go in with your eyes open. Also the agent I worked for was on commission only. They would set targets for appointments to be made and sales. Many staff would not last long. Choose who you like to use and look online to see what you want to see. Drive to look for private for sale boards to save 5% . Once you find your property deal with everything yourself. Find solicitor, bank etc. each would help with NIE. There are good and bad agents but the ridiculous fees charged make this very unpredictable.
Disorderly and Tommo like this.

Last edited by Tomir; 01-03-2018 at 14:31.
Reply With Quote
  #6  
Old 01-03-2018, 16:59
*****
 
Join Date: Feb 2018
Location: South Northants
Posts: 240
Default

Are we allowed to say the name of the Spanish private sales website as long as we dont actually provide a link?

I was thinking about getting a spanish mortgage as the rates are so low (quoted 2.4% fixed for 20yrs) but it costs about €4000 to apply and get all the extra deeds and I wasn't looking to borrow much. The broker stated in the quote that they were taking a €900 cut too.
Disorderly likes this.
Reply With Quote
  #7  
Old 01-03-2018, 17:20
Sparky's Avatar
Super Moderator
 
Join Date: Feb 2008
Location: Port de Pollença
Posts: 17,606
Default

Quote:
Originally Posted by bobley View Post
Are we allowed to say the name of the Spanish private sales website as long as we dont actually provide a link?
Yes of course.
bobley likes this.
__________________
Living the dream in PP with my glass half full .
Reply With Quote
  #8  
Old 01-03-2018, 18:47
*****
 
Join Date: Feb 2018
Location: South Northants
Posts: 240
Default

Cool.

Have a rummage on idealista dot com. It's a very handy site and if you log in and start looking at all the "hits" you can nobble them so they no longer appear in your searches so each time you look you'll only see new properties. You'll find private sales and several smaller agents who you'd struggle to find normally.
Disorderly and Gp1602 like this.
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are Off
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Estate agents mallorcaboy Living & Working in the Pollensa Area 39 10-11-2018 17:10
Book Transunion direct or via agent? mikendeb Car Hire, Airport Transfers in Majorca 6 08-10-2017 14:14
How to sell without an agent eleanor Living & Working in the Pollensa Area 25 18-02-2010 19:57
Spanish travel agent? alcanadakid Travel Companies 5 23-02-2009 18:40
Real Estate yamtaco Miscellaneous 1 15-11-2003 03:54


All times are GMT +1. The time now is 17:24.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0
(c) Copyright Holiday Webs Ltd 2011