Real Estate Purchase Procedure

THE DEPOSIT


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 following:

 • The personal information of the buyer and the seller
 • The estate’s value
 • 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 as well)

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