Buying a property is one of the most important decisions in life. At IBIZA ROYAL AGENCY, we guide both national and international buyers every year and often see the same patterns repeated. In this article, we share the 7 most common mistakes and how to avoid them, so you can make informed decisions with peace of mind.
Buying Smart: Our Recommended Approach
Buying smart means aligning your budget, real needs, and market data without being carried away by urgency or fear of missing out. It’s a process that combines objective analysis (comparisons, documentation, total costs) with a clear understanding of your priorities. If you’re still refining your strategy, it helps to identify your buyer profile and which approach suits you best.
What type of buyer are you, and what strategy fits you best?
1) Miscalculating the Total Budget
The most common mistake is looking only at the asking price. A purchase involves taxes, notary fees, registration, possible renovations, community fees, insurance, and financing costs. Underestimating this leads to unrealistic search criteria.
2) Not Checking the Documentation Properly
Many buyers fall in love with a property without checking mortgages, permits, cadastral data, or community rules. A small detail can lead to delays, unexpected costs, or legal risks.
What documentation should you review before buying a home?
3) Not Comparing New Builds vs. Resale Homes
Both have their own dynamics: delivery times, quality, guarantees, cost structures, and negotiation margins. Without an honest comparison, regret often comes later.
New build vs. resale in Ibiza: real data comparison
4) Focusing Only on Square Meters
The price per m² doesn’t tell the full story. In Ibiza, factors like location, orientation, views, building condition, energy efficiency, and potential value growth are just as crucial.
What really influences the value of a property in Ibiza?
5) Accepting a Price Without Checking if it’s Fair
Not everything that seems expensive is overpriced, and not everything that looks like a bargain is a good deal. A fair price can be verified through recent comparisons, time on the market, and property condition.
How to know if a property price is fair
6) Negotiating Without a Strategy (or Too Aggressively)
Negotiation isn’t a knockout fight, but a search for a sustainable agreement. Without solid arguments or with too much pressure, you risk losing the deal.
How to negotiate smartly without being aggressive
7) Deciding Without a Clear List of Priorities
Without a checklist, it’s easy to make impulsive decisions. A list of must-haves and nice-to-haves brings much more clarity to your choices.
Checklist to find your ideal home
Unsure Between Two Properties?
Hesitation is normal. Use a double comparison: rational (costs, condition, location) and emotional (lifestyle, feeling). This guide will help you choose with both heart and mind:
How to choose between two homes you like
Extra Tip: Take Time to Compare
A thorough comparison and objective view can save you from surprises. Our team can prepare a report with comparable properties and a realistic valuation for you.
Villas for sale in Ibiza
Modern new build villa for sale in Ibiza
Why Trust IBIZA ROYAL AGENCY?
With more than twenty years of experience in the Ibiza market, we know that trust is built through transparency, method, and results. Our team checks documentation, compares prices, coordinates inspections, and negotiates on your behalf—so you can sign at the notary with complete confidence.
We’ll answer your questions, prepare comparison reports, and guide you every step of the way. Free of charge and without obligation.
