Selling a house takes time and disposition, but it is not difficult if you meet all the requirements, you have your papers up to date and you have kept the property in good condition. Are you thinking about selling your home and want to know what you need to make it real this 2019? You're in luck, today at Supercurioso we bring you the procedures you must complete and what documents you need to make the sale of your home a success! Let's continue!
Procedures and necessary documents to sell your house this 2019
It does not matter where in the Hispanic world you are, Although each country has its specific regulations on housing and commerce, Procedures to sell a house They are usually very similar , you will usually be asked for the same documents with some other element that is more or less necessary. Among the procedures that must be done before selling a house, mainly for good practices, we find:
1. Letter of power of attorney (If you are not the owner of the house or if you share the property with another person who may not be present during the sale).
2. Having registered the house in the public registry of property and commerce (or similar entity) of the locality in which you live.
3. If the house is not mortgaged, you must request a certificate of freedom of encumbrance (ie, debts) to the credit records institution in your country or to the bank where you released the mortgage.
Four. If the house is mortgaged at the time of the sale, you will need to make a mortgage transfer to the person who will buy it, with prior authorization from the creditor financial institution and notarial supervision.
5. Get one or two lawyers that carry out the purchase and sale of the property on behalf of both parties, who are responsible for drafting the contract by which you will sell the house and submit it to the civil registry of your locality.
On the other hand, the documents that you must have up to date for the successful sale of the house (several of which will depend on if you performed the procedures requested above), are:
1. Power of attorney (in case of not being an owner or having joint ownership where one of the persons can not be presented).
2. Public deed of ownership of the property (that will be product of the registry that you realize in the civil registry or the public registry of property and commerce, depending on your country).
3. Personal identification of both parties, that is to say: you must have your ID, passport or identity document up to date (and present it in optimal conditions to avoid problems with the registration of the information).
4. Document (or clause in the purchase-sale agreement) in which the mortgage transfer is specified or mortgage subrogation with prior authorization from the bank and the buyer.
5. Purchase contract , which must be prepared by the lawyer in charge of writing the document, in which they must be specified:
- Data and declarations both the buying party and the selling party (such as identity documents, aptitude to buy and sell the property, as well as the express declaration of both parties to carry out the purchase and sale together with the responsibilities that are generated).
- Clauses that indicate: understanding of the parts of the action carried out by means of the contract, sale price of the property, forms of payment, information on the mortgage credit (if applicable), terms of compliance and cancellation of the contract, date and formalization of the deed and delivery of the property, guarantee policy, fiscal address and entity before which will be attended in case of discrepancies or breach of contract by any of the parties and, finally, registration number of the purchase-sale contract .
- Signature of the parties that make up the contract.
- Notarized signature and stamp that give it validity as a public document.
Other details to keep in mind
Before making the sale of your house make sure to agree with the buyer the conditions of delivery of the property : if repairs are necessary, who will cover them, etc. or if the property owes a debt with the condominium or community fees (which do not usually appear in the credit files). All this in favor of making a sale without setbacks, fruitful both for you and for who will buy the house.
Remember also that these are the procedures and general documents that you need to have up to date to sell the house, but you need to check both the legal regulations of your country on housing issues and trade of private goods as the requirements that the bank requires (both in case you sell the mortgaged house and in case that the buyer is going to ask for a mortgage loan).
Now that you know what are the procedures to sell a house. What are you waiting for? Make a check list of the documents and procedures that you have compared to those that you must raise and Get to work! Surely soon you can sell your house. Yes, remember to advise you with legal professionals so that everything goes smoothly.