Some experts in the real estate industry, even today, despite the downturn in the construction industry and the severe time of economic difficulty in the construction field, repents in real estate the most solid investments. Approved then the dream of home buying both personal use is for profit. However, to become beneficial owners of a house you must enter into a formal deed before a notary that ratifies the terms previously agreed in a preliminary compromise. In this guide, we try to explain the steps required for the execution of the notarial deed.

mortgage-deed

When you come to the decision to purchase a house or any other type of property, you sign with the seller or the manufacturer (in the absence of an intermediary), a preliminary agreement also called compromise. It contains the salient terms of the object that you want to pass the property : including the location, size, condition, price and terms of payment, as well as the expected date of delivery. As we approach the date, subject to verification of habitability and land assessments, fix an appointment with a notary for signing the deed , without which there is an actual transfer of ownership of the property. From the legal point of view it is the deed the signing of the final contract that provides for the transfer of property between the parties. In fact, the preliminary sale itself is not a true contract but a simple private agreement that, while valid, does not have the force of a public document. It only determines the commitment that the parties declare themselves to each other to conclude, by the date indicated, a definitive contract, which is expressed precisely with the deed. In other words, the homeowner remains so until the signing of the final deed: his only stipulation provides for the transfer of ownership to the buyer.

Formally, the deed is done at a notary’s office or in case of loan at the local bank. The notary has the task of transcribing the deed to the Conservatory and make vi sure necessary to confirm the veracity of the documents submitted by the seller. And ‘in fact its task control vi sure mortgage and land, with the registration of real estate property and any acts impairing (detection of mortgages, foreclosures, easements or other rights of third parties on the right).

The vi sure above fall in the activity of notarial practice, however, before the signing of the deed should specifically ask if the mortgage investigations are carried out in compliance with the rules and, only later to express confirmation, to undertake the signing of the contract of sale.

The signing will be in each case preceded by the reading of the contract by the notary, in the presence of the parties who must provide evidence of their identity by providing identity card valid, social security number and a document proving marital status ( in addition to the cadastral plan and documents of origin of the building). The contract and plans pertaining thereto will then be signed by the parties on each page.