An amount of money is money is given by the candidate buyer in order to
make official his interest for the estate, so as to quite all his collaboration
with other real estate agencies and to fortify the price of the estate
to the specific buyer.
A private contract is edited which refers to the
• The personal information of the buyer and the seller
• The estate’s
• The estate address
• The payment term
• The final contract’s deadline
If in any case the buyer for any reason withdraws from purchasing the
estate, the deposit will remain in favor of the owner. (unless there is
a legal problem with the estate) If the owner withdraws, the deposit will
be returned to the buyer in double.
THE BUYER’S LAWYER
The buyer’s lawyer confirms the titles and if the estate is entirely legal,
the final contract will be edited by the notary, which will also be checked
by the lawyer in order to make any possible corrections.
SUBMIT TAX STATEMENT FOR TRANSFER
The notary edits the statement which is signed by the seller and buyer
who then submits the estate to the fund department at the revenue agency
where it belongs. The buyer pays the fixed payment which is defined by
the objective value of the estate.
TRANSCRIPTION TO THE HALL OF MORTGAGE RECORDS
When the final contract is signed, the notary must transcribe the estate
to the hall of mortgage records it belongs. (in some cases the owner goes