Buying a home is one of the most important choices that a person makes in the course of his life. It is therefore essential to evaluate every minimum detail in order to avoid buying a property on which there are debts or seizures or to contract a mortgage payment that is impossible to sustain in the long run. Precisely for this reason, the Notarial Council has released this set of guidelines for a secure purchase. A visit to https://caborealestateservices.com/ The Ultimate Los Cabos Homebuyer Guide will make you perfect in this matter.
- Before signing anything, consult your notary. Let him carry out a mortgage and cadastral checks to make sure that the property does not bear unreported liabilities.
- Have the notary calculate the cost estimate strictly related to the purchase (taxes and fees, including VAT for both the purchase and the loan) to verify that the final figure is within the budget.
- Evaluate with your bank what the loan amount is willing to grant. Ensure that the installment is sustainable.
- Enter the preliminary contract with a notarial deed and write it down. This ensures the risk that the property will be sold twice and that mortgages, foreclosures, or seizures occur that put at risk the sums already paid.
- Check with the building manager for any arrears in condominium fees. Make them pay before the deed. Check the number of annual service charges.
- Agree with the seller for the possible transfer of the deductions for works carried out.
- Have your trusted notary check the cadastral income to calculate how much IMU, TASI, and TARI will amount to.
- Check whether the systems (mainly electrical and gas) are certified or not.
- Ask your notary if, because of the particularities of the purchased building (for example, under-roofs recovered or lofts in areas that are already industrial), he considers it appropriate to ask a technician for an expert opinion on building and urban planning regularity.
- Have the notary check whether the property is subject to restrictions or falls in a restricted area.
Mistakes to avoid
The biggest expense in a person’s life deserves all the necessary precautions. We see the 9 mistakes not to commit, thus avoiding repentance once a house is purchased.
- Praise the qualities of the apartment. Every economics professor will tell you that you should never praise what you are going to buy because otherwise, the seller will not make discounts. The best thing? Being impassive.
- Do not inquire with neighbors. Neighbors know what life is like in the neighborhood and in the residential complex. They can be an excellent source of information.
- Do not check the registration of the property. It is important to know who exactly is the owner of the property you are about to buy.
- Do not read the condominium regulations. Each condominium has its own rules. It is good to know them and have them well present.
- Don’t walk around the neighborhood at night. Going around the neighborhood is important to find out if it is a quiet area or not. A way to avoid unpleasant surprises.