¡¡ NO AGENCIAS !!
Written by Sven | filed under: | April 9, 2026 

The sentence that looks like an opportunity… until it costs you €30,000

Before you keep reading, there’s something you should be clear about.

You could lose €30,000 when buying a property…

and not even realize you’re making a mistake until it’s too late.

And the most unsettling part is this.

It often starts with a sentence that sounds positive:

“NO AGENTS”

You’ve been searching for days on Idealista.

You’ve seen everything.

Expensive listings.

Strange ones.

Properties that just don’t feel right.

And then suddenly, one appears.

The one.

The house.

The right one.

You look at it again.

You picture yourself living there.

You start doing the numbers.

And there it is.

“NO AGENTS”

And you think:

Perfect.

Directly with the owner.

I’ll save money.

That exact moment is when many buyers start getting into trouble.

Without realizing it.

You talk to the owner.

Everything flows.

They seem friendly. Transparent. Normal.

You meet. You see the property. You like it even more.

And then comes the sentence:

“We’ll sign a deposit contract and you transfer 10%.”

And you say yes.

Because it feels normal.

Because you don’t want to lose the opportunity.

A couple did exactly that recently.

€30,000.

Transferred.

Everything was fine… until the bank reviewed the deal.

Part of the property wasn’t properly registered.

Mortgage denied.

They tried to get the money back.

They couldn’t.

Not because someone wanted to deceive them.

But because no one had properly checked everything before they paid.

Sometimes the problem doesn’t show up immediately.

A foreign buyer.

First property on the island.

Full trust.

“Everything is in order,” they were told.

They signed.

They paid.

Weeks later, issues started appearing.

An extension that wasn’t registered.

Differences between what they saw and what was legally recorded.

Legal doubts.

And from that moment on, everything changes.

Because you’re no longer deciding calmly.

You’re already in.

You’ve paid.

Getting out costs money.

Moving forward means accepting risk.

And that’s how bad decisions are made.

Sometimes there’s no legal issue.

But there is pressure.

You agree on a price.

Everything seems fine.

And suddenly:

“I’ve received a higher offer.”

Now there’s urgency.

Now there’s tension.

Now you have to decide fast.

Without structure, without control, without someone guiding the process…

the buyer loses power.

And often ends up paying more.

But there’s something even more subtle.

And this is where most buyers make a mistake without realizing it.

The price.

Many owners do the same thing.

They go on Idealista.

They look for something similar.

And they decide:

“Mine is worth that.”

Or more.

The problem is, those prices are not real.

They are asking prices.

Attempts.

Expectations.

The difference between what is listed and what is actually signed at the notary can be huge.

30 percent.

40 percent.

Sometimes more.

And if you use those numbers as your reference…

you’re already starting wrong.

Without realizing it.

You think you’re negotiating well.

But you’re negotiating on an inflated base.

This is where many buyers fool themselves.

They think they got a good deal.

They think they avoided paying a commission.

But they may be paying more.

With more risk.

And less control.

So the question is no longer whether there’s an agent involved or not.

The real question is:

Who is on your side?

Because the owner defends their position.

That’s normal.

But you’re alone.

No filter.

No real data.

No strategy.

Buying well is not about finding a property.

It’s about avoiding mistakes.

Mistakes that are not small.

€20,000.

€30,000.

€50,000.

And the order changes everything.

It’s not:

see → fall in love → pay

It’s:

review → understand → decide…

and only then pay.

This is how I work

At Miyabi Homes, I don’t sell properties.

I prevent mistakes.

Because a good purchase is not measured by what you gain.

It’s measured by what you avoid losing.

And there’s something important you should know.

My valuations are not based on what you see published on Idealista.

They are based on what is actually signed at the notary.

Real data.

Closed transactions.

What people truly pay.

Not what someone hopes to get.


If you’re looking for property in Gran Canaria and want to understand the real market, not the one you see in listings…

Then let’s talk.

No pressure.

But with clarity.

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Google Reviews

5.0 / 5 (11 Google reviews) – see all reviews on Google
★★★★★

We met Sven during our last vacation in Las Palmas, as we are looking for a nice house to buy in a quiet area. Sven took a lot of time to investigate and to consult us, listening to our requirements and wishes, but also stating if something was not so logical to follow. As where else some estate agents only want to sell the most expensive property, Sven really takes care about his customers. It was a pleasure to meet and work with him and we will surely get in touch on our next visit.

Alham Schmidt a year ago
★★★★★

I couldn't be more grateful to Sven and his team for the excellent work they did. From the very beginning, they guided me through the entire home buying process, advising me with professionalism, a personal touch, and complete transparency. Thanks to them, I found the house I was looking for, and they made the whole process much simpler and more relaxed than I had imagined. They also resolved a pending matter related to the property with great efficiency, something I am extremely grateful for. They handled everything quickly and diligently, always providing me with clear information and keeping me informed every step of the way. Without a doubt, I wholeheartedly recommend this real estate agency. They are true professionals and offer exceptional customer service. Thank you so much for everything!

Maria Luisa Sanchez Diaz 7 months ago
★★★★★

Sven is an extremely competent and dedicated real estate agent who not only understands his profession but lives it. With his many years of experience and his fluency in German, English, and Spanish, he is an invaluable partner, especially when buying property abroad. He identifies potential pitfalls early on and ensures a smooth process – always with an eye for detail. Anyone who values ​​security, transparency, and excellent service is in the best hands with Sven. I would buy with him again in a heartbeat!

Oliver Reims a year ago
★★★★★

I had already read Sven's book (Buying Property in the Canary Islands - available on Amazon ;-) ) It was all theoretical, but definitely informative. However, all that knowledge is useless if you don't trust the real estate agent – ​​and I have to say I'm so incredibly happy that Sven guided us through the entire buying process, you can't even imagine. He was always available, and since he speaks fluent German, English, and Spanish, everything went smoothly. He was interested in my concerns and always found solutions. Buying a house isn't easy even in Germany, and I was worried because I don't even speak the language here. But honestly, it was better than in Germany, at least for me – because I feel completely supported, and everything went better and faster than I had imagined. So, a huge thank you for the kind and competent service.

Susanne Wojsik a year ago
★★★★★

Mr. Wetterau is an expert in the real estate industry on Gran Canaria. We were extremely satisfied with the advice and support he provided during the purchase of our property! It's wonderful that someone like him still exists; unfortunately, as we all know, there are quite a few bad apples. A thoroughly positive experience!

Gerd Klinke a year ago