How it works

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Mallorca-Plot strives to make visable and accessable to visitors, all offered real estate for sale or rent in Mallorca, 24 hours a day. Mallorca-Plot enables real estate brokers and privates to expose their offerered real estate, be it residential or commercial. That’s why the Mallorca-plot staff daily updates the exposed real estate.

Real estate brokers in Spain may sell real estate originally commissioned at other brokers, brokers also often work together, so also buyer and seller often engage different brokers. This doesn’t mean additional costs for the buyer/seller, the broker’s fee will be splitted.[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_single_image image=”3380″ img_size=”full”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1616283915330{background-color: #f2f2f2 !important;}”][vc_column][vc_row_inner][vc_column_inner width=”1/2″][vc_single_image image=”3378″ img_size=”full”][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text]

As all brokers in Mallorca, Mallorca-plot advises to be very cautious about providing information openly, such as exact location, in order to achieve the utmost discretion.

If you are a private seller and the real estate is temporarily uninhabited, we recommend that you do not use for sale or rent signs, for the necessary discretion.

Regardless of whether you are a seller yourself or sell through a broker, if the house is uninhabited, always have a contact person who frequently keeps an eye on the real estate.

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Your ad should be clear enough regarding the neighborhood. If you are staying abroad, do not give the exact address for those interested. better refer to your contact person.

If you decide to use the services of a broker, ask first about the rates and conditions, there is always room to negotiate. Always agree on the conditions about termination of the contract. Also discuss the case that you do not sell, or if you find a buyer yourself.

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Broker ads are reproduced verbatim if possible, as stated in the application. Otherwise, the data as given in the questionnaire will be copied to appear on the website.

Buyers should always seek the assistance of a lawyer to verify the authenticity of deeds, titula, attachments, mortgages and the right to sell.

Tenants. Before signing the lease and paying the rent (in advance), tenants must always determine with whom they are dealing and whether the landlord is entitled to let.

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Buying at real estate auction in Spain in brief

For the buyer the advantage of a property auctions in Spain is the bargain properties on sale. And there are plenty of safeguards too. You can arrange to inspect the documents for a possible purchase prior to attending the auction. So there shouldn’t be any unpleasant surprises. All purchasers are advised to have a full survey done on the property and if there are major problems that haven’t been disclosed then the 3,000€ deposit is fully refundable. We always advise clients to have legal representation and not to try and do things on their own and to check your financial possibilities in advance.

Before the auction :

you can view the property in just the same way as you would normally
you can appoint a legal expert to help you through the process you can check documents relating to the property 7 to 10 days prior to the auction all properties have a reserve price – this isn’t disclosed to potential buyersyou can have a survey done on the property You can make a bid on a property before the auction if you like any debts that might be accrued against the property are cleared prior to the auction.

At the auction:

you need to bring identification with you to the auction house including NIE and passport (NIE = all-purpose identification number for taxes and social security) someone can bid for you at the auction by proxy the auctioneer will advise you on how to place your bids

How buying real estate at auction

What is a public auction?

It is an auction organized by an official body of the state. The assets are usually liens for non-payment of the owner of the asset. The most common are real estate such as houses, flats, commercial premises, garages or rustic properties.

Where to find public auctions?

There are several places where you can see public auctions. Organizations such as the Tax Agency (Treasury or AEAT) and the Social Security Treasury are the best known, but there are more organizations, such as the Provincial Councils, the Ministry of the Interior, ADIF, etc.

Where are the public auctions held?

Here you can find where the Tax Agency auctions are held. In the file of each auctioned good, clicking on “Details” will take you directly to the official website of the State. But remember that Treasury auctions (AEAT) can be carried out online with a digital certificate.

How can I participate online in a Tax Agency auction?

Depending on the body that carries out the auction (Tax Agency, Social Security, Provincial Councils …) the way to participate is different, although they are all very similar. Here we are going to talk about how to participate in an auction of the Tax Agency (AEAT).

You must have a NIF, a digital certificate < https://www.sede.fnmt.gob.es/certificados/persona-fisica > and have a bank account in one of the banks they work with.

To enter any auction you must first make a deposit, but be assured that it is only to participate, if you are not a winner, it will be returned to you.

For more detailed information on the online process, you can consult here < https://subastas.boe.es/ >

This deposit must be 20% of the valuation made by the estate and is the minimum bid that can be made.

If you put a deposit of € 200, it will be blocked in your account, and you can use that same deposit for the auctions you want, in this case on goods valued at a maximum of € 1000.

There is another mode of the auction that is “Direct Management”, which means that it is not an auction itself in which you are bidding, but bids are presented and the highest on the day of the auction will be the winner if the higher amount is accepted by the table.

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Participate in person

Those interested must be present at the place, day and time of the auction.

The act will begin by reading the President of the Table the list of lots and the conditions of the auction. When the President of the Board communicates it, those interested in participating may approach to present the deposits and be accredited as bidders. With the accreditation, each bidder will be assigned a number so that they can place their bids.

With a single deposit you can be accredited as a bidder for several lots in the same auction, as long as its amount covers the amount of the deposit for each of the selected lots, so that if the auction starts, you are not the winner of the first lot for the auction. that has been accredited, will be automatically accredited as the bidder for the next selected lot. But if it is awarded, the deposit will be retained by the awarded lot and will no longer be able to participate in the auction of the rest of the selected lots. This is the so-called “successive accreditation” and it is recommended for those cases in which you want to purchase a single batch from several of similar characteristics, for example, if several parking spaces of the same property were auctioned in the same auction and you were only interested in buying one of them. But if you want to purchase several lots from the same auction, you must make a deposit for each of them.

At the time of accreditation, you must state before the Board if you act on behalf of another or other people, providing the corresponding power of attorney. If you do not do so, it will be presumed that you buy for yourself and the change of awardee will not be accepted later.

You can also be credited as a bidder “in a sealed envelope”, that is, by submitting prior to the auction in a sealed envelope a letter addressed to the Board stating your willingness to participate in the auction of one or several lots, consigning the amount maximum for which you are willing to bid on each of them and accompanied by a check made out in favor of the Public Treasury for the amount of the deposit or the proof of constitution of the deposit online that includes the corresponding NRC and a photocopy of the DNI or passport and the document that justifies, where appropriate, the representation it holds. Once the bidder has been accredited in a sealed envelope, the Table will bid for it until reaching the last bid that it can make on its behalf before exceeding the maximum amount entered. When the next bid exceeds the maximum amount entered in the sealed envelope, it will notify the Chamber in case the bidder in the sealed envelope is present and wishes to continue bidding.

Once the accreditation of all the bidders for all the lots has been concluded, the President of the Board will proceed to start the auction starting with the first lot for which bidders have been accredited. The first bid will always be for the starting price or amount in the 1st tender and, to improve it, at least it must be increased by the amount of the corresponding section. To bid, it will be enough for the interested party to raise his hand, showing the table the card with the assigned number. The accreditation as a bidder gives the right to participate by bidding in the auction of the lot for which it has been accredited, but does not require a bid, so that if it is accredited, it must at the time of initiation of the bids state that it “covers” the starting price by lifting the cardboard; If he does not do so, the lot will not be awarded to him, even if he was accredited and he was the only bidder.

The allocation is made to the highest bidder. If at the end of the auction there are unallocated goods, the Board will decide whether to go to the 2nd tender or direct allocate. If the Board agrees that they go to direct allocate without holding a second bid, the bids submitted may not be less than the starting price in the 1st bid.

If the Auction Table agrees to hold a 2nd bid at the end of the 1st, the starting price or rate in the 2nd bid will become 75% of the rate in the 1st bid, also updating the amount of the deposit, which will become 20 % of the new starting price or rate in the 2nd tender. Persons interested in participating in the 2nd tender must be accredited as tenderers at the end of the 1st, even if they were already accredited in the 1st, without prejudice to the fact that the deposit constituted in the 1st bid may be used in the 2nd, if it has not been winning result of no lot in 1st tender.

The 2nd tender will be held in the same way as the 1st and, if at the end of the tender there will be unallocated assets, they will be awarded directly under the conditions set by the auction table.

If, at the end of the auction, you are not a successful bidder, you will be able to obtain a refund of the deposit. But if it is the successful bidder, the deposit will be retained for its entry into the Treasury as payment on account of the auction price, and the difference must be paid within 15 business days after the auction is held or at the time of granting. public deed if it is about real estate and this payment method has been accepted in the auction agreement.

The preferential charges that fall on the goods that make up the awarded lot will remain after the allocation, in such a way that the successful bidder must face them. The lots may be suspended, and with it their auction, at any time prior to their allocation, if the debts, interests and costs of the procedure are paid and in the other cases provided for in the law.

You can get more information here < https://subastas.boe.es/ >

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How can I participate in an auction of the General Treasury of the Social Security?

You cannot participate online in social security auctions, but you can do so by ordinary letter and not in person.

The downside of social security auctions compared to those of the Tax Agency is that they do not put photos of the property, only a brief description.

To present an offer, we must send a registered letter to the address indicated in the record of the auctioned good, to the attention of “Auctions” of the General Treasury of the Social Security.

This letter should contain the following:

A photocopy of the DNI.
A check made out to the General Treasury of the Social Security (TGSS) with 25% of the value of the property. If you want this check to be returned to you if you are not a winner, you must indicate it in a note, leaving the return address, in about 15 days you will have it back, free of charge.
A sealed envelope indicating the file number of the property and some other identifying information such as registration if it is a vehicle. Inside this envelope:
A page with the offer made and personal data. Indicate email and telephone for greater agility.

This information must arrive one day before the auction is held.

More information

< https://w6.seg-social.es/subastas/SubaSeControladorInter?opcion=5 > on the auctions of the General Treasury of the Social Security (for auctions and competitions of goods/seized property auctions)

Here you can find all TGSS auctions

< https://w6.seg-social.es/subastas/SubaSeControladorInter?opcion=3&avanzada=0 > for all kind of properties: Countryside Property, Urban Property, Vehicle, Boat, Rest of Movable Property

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