Busting 3 Myths in Nerja's Real Estate Market
- nerjawithsanna
- Jan 8
- 3 min read
The sunny town of Nerja is a dream destination for many, and its real estate market offers exciting opportunities. However, navigating the process of buying property here can be a maze of myths and misconceptions. Let’s tackle three of the most common myths so you can make informed decisions when purchasing your slice of paradise.
Myth 1: Real Estate Agents Have Your Best Interests at Heart
Wrong. Real estate agents are obligated to serve the party who pays their commission, so the seller. While some agents may genuinely want to help buyers, their legal duty lies with the seller, not you. Their goal is to secure the best deal for their client, which often means achieving the highest price possible or selling it as fast as they can. And unfortunately sometimes this means that something is left unsaid.
This doesn’t mean you should distrust all agents, but it does highlight the importance of approaching property purchases with a clear understanding of who an agent’s true client is. To ensure your interests are protected, consider working with independent professionals who can guide you through the process and protect your interests.
Myth 2: You Only Need One Real Estate Agent
Completely wrong. In the past, Nerja’s real estate market operated more openly, with agents collaborating to share listings and commissions. Unfortunately, this is no longer the norm. Many agents now prefer to keep their listings exclusive, refusing to share properties or commissions with competitors.
This exclusivity can cost buyers dearly. Here’s why: In Spain, agents maintain records of their clients. If you rely on just one agent to access all available properties, they may present you as their client to other agents who have exclusive listings. This creates a conflict of interest because the second agent will then need to split their commission if they sell it to you. In many cases, this reluctance to collaborate can lead to delays or missed opportunities, with some buyers even losing their dream property.
To avoid this pitfall, it’s crucial to identify the agent who holds the direct agreement with the property owner. Contacting that agent directly ensures smoother communication, eliminates conflicts of interest, and increases your chances of getting the property.
Myth 3: Buying Property in Nerja Is Risky Business
Yes and no. For those unfamiliar with Spain’s real estate market, the process can seem daunting and fraught with risk. There are numerous factors to consider, including local market trends, legal requirements, financing and the potential for hidden pitfalls. Without the right guidance, it’s easy to make costly mistakes.
However, if you work with experienced professionals, such as the team at Nerjawithsanna, the risks are significantly reduced. Our expertise ensures you’ll navigate every step of the process with confidence. Whether you’re searching for a dream home or a sound investment, we’ll handle the complexities so you can focus on what matters most: finding the perfect property.
Final Thoughts
Don’t let myths hold you back from exploring Nerja’s real estate market. By understanding the realities of working with agents, diversifying your approach, and relying on trusted professionals, you can make informed decisions and secure your ideal property. Ready to take the next step? Reach out to today info@nerjawithsanna.com, and let us help you turn your Nerja property dreams into reality.
