Daily Archives: June 12, 2014

Essential steps to Buy a Home


The purchase and sale of a home is the most important investment in the lives of the majority of citizens, so we show you find if the house carries charges or fees of the community of owners without paying Before signing the public deed The notaries remember that a private contract is usually drawn up between the buyer and the seller that must contemplate important issues such as: when a promoter sells, the administrator or the agent of the company signs.

If it is a sale between individuals, all the owners must sign, and if it is a living or family home, both spouses fundamentally check if the home is free of charges, if it has a mortgage, if there are liens on it, or if there is any limitation in the Statutes of the owners’ community. You can apply directly to the registration of the property a simple informative note or do it through a notary.

Sometimes you have to ask the city council for a certificate of urban legality in case there is any type of affectation that is not included in the property registration before the purchase. Make sure that the house is aware of payments and expenses, since in certain cases the Law obliges the buyer to take care of them, it is necessary to determine clearly the price and the form of payment. Do not admit the fixing of a price lower than the real or pay amounts that are not documented.

This is contrary to the law and can hurt you when signing the private contract is usually given an amount as part of the payment of the total price or “signal” – known as dragging – binds both parties. The most common are penitential, which allow you to leave the contract before signing the deed. If it is the buyer who cancels the agreement, you will lose the delivered amount, whereas if the seller does, you will have to return double what was received or the parties do not agree, or if they indicate in the contract that it is “according to law” The legislation of the competent autonomous community will be applied.