From your first proposal to the final notarial deed, we ensure a seamless and transparent purchasing journey
Purchasing a property begins with signing an irrevocable proposal to purchase, securing the property at a fixed price for a set period. You provide a fiduciary deposit to the Real Estate Agent, refundable if the seller declines your offer by the deadline. Once accepted, the deposit is transferred to the seller.
If you withdraw after signing, the seller keeps the deposit; if the seller backs out, they must return it in full without interest. When both parties agree, this step concludes with a preliminary contract of sale.
The most important step of a purchase is the private writing of the compromise or preliminary sale. With this, both parties undertake to enter into the purchase contract. The compromise is a private contract that is legally binding. The compromise contains all the details of the property, the Buyer and Seller, the price and the method of payment. At the moment of the stipulation of the compromise a deposit (as a deposit) of 10-30% of the sale price is paid. Payment may be made by bank transfer or cheque. The fundamental rule of the down payment regulates in case of non-fulfilment by the Buyer, that the Seller Party may retain the amount paid. If, on the other hand, the Seller Party fails to fulfil its obligations, the Buyer Party may demand the refund of the amount paid and increased by the same amount, or double the deposit paid, as a fine. It is recently compulsory to register the compromise with the Property Register. This task is carried out by the Real Estate Agent.
The stipulation of the notarial deed is the fulfilment of the compromise. The Buying Party shall choose the Notary for the stipulation. With the signature of the notarial deed the ownership and possession will be transferred and consequently the obligation to pay will take over. The transfer of the sum takes place at the moment of the stipulation of the notarial deed by means of non-transferable bank cheques in the Seller's name. * the cadastral value is calculated on the basis of the cadastral rent, which is shown in the cadastral survey. The cadastral value of a property is generally always lower than the market price.
Whether you’re ready to buy, sell, or simply explore your options, our team is here to guide you every step of the way. Get in touch today and let’s turn your vision into reality.
