Buying a property can prove to be stressful and can result in significant waste of time. Making use of the assistance of a professional, who is able to evaluate the property and identify the presence of any structural defects, represents, without a shadow of a doubt, a significant help for any buyer.
Most of the houses are hardly in perfect condition when they are purchased, being able to count on a detailed report, therefore, allows the buyer to evaluate, in full awareness, if and which interventions will be necessary in the near future and decide whether it is worth proceeding with the purchase. Evaluating the data contained in the report together with your trusted lawyer therefore allows you to find yourself in the ideal position to negotiate the purchase of your home. You can choose the LawyerMarbella there now. The best solutions are there.
The Home Inspector
As a rule, these are professionals, regularly, in possession of a special license. Anyone wishing to purchase a property should make sure that the property is checked by a professional before signing a purchase offer. If this was not possible, the buyer should provide for the inclusion of a specific clause in the offer, which allows him to have the property assessed by a professional and, possibly, to renounce the purchase if the inspection revealed the presence of excessively serious defects. A well drafted clause should also provide for the seller to settle certain problems highlighted by the professional’s report or to deduct these costs from the sale price. It also assists its customers in the delicate preliminary phase of the purchase, preparing specific purchase offers and negotiating their content such as that of the subsequent sales contracts.
- The deed represents the final moment of each real estate sale, during which the effective transfer of the right of ownership from the seller to the buyer takes place.
- The seller, the buyer, their property lawyers in Cyprus, the real estate agents involved in the operation, a possible representative of the bank, or financial institution, who granted the mortgage and a representative of the insurance company, who issued the title deed policy to the deed.
- The purpose of the deed is, essentially, to verify the existence of any issues that remain unresolved, to sign the documentation required by law for the transfer of ownership to the real estate, to verify the accuracy of the figures indicated in the reports communicated to the parties by their respective lawyers and order payment of the sale price and taxes.
Costs
The costs, which the seller and the buyer are required to sustain at the deed, can vary significantly, depending on the place where the sale is completed, but, in principle, they can be quantified between 2% and 5 % of the sale price and include:
- Lawyers’ fees
- Real estate taxes
- Costs related to the loan grant
- Administrative fees
- Costs of the title deed policy
- Cost of the home policy
These are the things that you will need to have when you choose the lawyers. In case of the whole process, this is important.
