African Design with Mallorcan Soul

EVERYTHING YOU WISH FOR

Lindner Golf Resort **** hotel offers a cocktail of unique experiences. The benchmark hotel for golf lovers that also offers outstanding relaxing wellness facilities.

This exclusive resort brings the Lindner experience closer to the clients of One Mallorca Smart Real Estate for whom it has kindly prepared a special offer.

All clients of One Mallorca Smart Real Estate can enjoy 10% discount on Flexible accommodation rates.

The entire team of Lindner Golf Resort is at your disposal and looks forward to welcoming you in Mallorca.

Frequently Asked Questions

1. WHAT IS THE NIE NUMBER AND HOW DO I OBTAIN IT?

In order to buy a property or any other asset in Spain, you need an NIE (Número Identificación Extranjeros). It is an identification number for foreigners necessary to carry out economic activity and fiscal operations in Spain.

Once you have an NIE number you will be able to open a bank account, sign the purchase letter at the Notary and make any tax payment. Without an NIE number, the Spanish tax authorities are unable to process annual tax payments such as income tax (IRPF), and wealth tax (“Impuesto de Patrimonio”), both of which must be declared by resident and non-resident owners.

The lawyer representing you will take care of all the legal procedures during the application process, including obtaining an NIE number, so that you don’t have to worry about anything.

2.

Financing your property purchase provides a series of tax advantages depending on the purchase price.

We always recommend you look into the local mortgage options, as it is often the easiest way to obtain an attractive mortgage proposal to finance your property. Then you are ready to move quickly to sign the deal for the purchase of your dream home.

We suggest you contact us to recommend the leading mortgage advisors in the Balearic Islands, who are one contact for all banks. Our partners will help you obtain the best mortgage with the most competitive rates and conditions whilst making the whole process easier and quicker.

3. WHAT SHOULD I DO BEFORE THE COMPLETION DATE?

Usually, the day before the deed-signing date, the seller and the buyer arrange an inspection visit to ensure that the property is left as previously agreed and the buyer is satisfied with the property after visiting.

Your agent will check that everything remains in order, taking the accurate water and electricity meter readings, and reviewing the inventory if the property is sold with furniture, art objects, or valuable decor.

4. WHAT ARE THE BROKER’S FEES?

Brokerage fees are normally paid by the seller unless the buyer has expressly agreed to pay the broker’s commission. In order to help you find the best property, negotiate the best price and handle the operation, real estate brokers in Mallorca usually charge between 5% and 6% of the purchase price, which depends on the region, type of property, and complexity of the deal.

The brokerage fee is usually included in the selling price and specified in the written agreement between the seller and the real estate broker.

In any case, we recommend clarifying in advance whether you have to pay the brokerage fees and whether these are already included in the agreed purchase price or are offset against it.

5. DO I NEED A LOCAL LAWYER AND HOW MUCH DO THEY CHARGE?

Usually, the buyer’s lawyer prepares the private purchase contract, assists with NIE application, ensures that all mandatory documents are in place, provides documentation to the bank or mortgage broker, arranges the down payment, accompanies the buyer to the Notary, and translates documents if required.

Prior to the private purchase contract, the lawyer requests extracts from the property registry to compare the real state of the property with what is written in the registry and checks that there are no illegal extensions or alterations. The lawyer also investigates whether the property is free of any pending charges, liens, or encumbrances, which could affect you when purchasing the property.

Lawyer’s fees are usually up to 1% of the purchase price, although this depends on the complexity of the transaction.