Here are the 5 most requested FAQs of the week!
# 1 I want to buy an apartment. What documents do I need?
Many are convinced that it is enough to have the seller’s deed of purchase and the cadastral plan. It is not so. These two documents are essential because otherwise the property cannot be transferred. However, there are many other documents that serve to demonstrate that there are no building abuses and that the property complies with the law.
The fact that the real estate agent or the notary tells you that everything is fine, does not mean that you cannot be fooled. In fact, you must know that, in most cases, the specific preventive control of the entire property documentation is not among the services currently offered by real estate agencies, also because this task is not required by law.
Even the figure of the notary, then, is called upon to carry out checks other than those concerning the actual technical and administrative regularity of the property!
It could be all right for the transfer because there is a correspondence between the land registry and the state of affairs or because the seller declares that there are no abuses. However, if problems are discovered, you will have as your only defense an action against the seller, with the relative times and costs. I am attaching the list of documents you need to request. When you have received them we can resent. We have a service that analyzes documents and reports any problems and related solutions (if any).
Remember that you must only ask for the documents that apply to your case (for example, the deed or deeds of sale will suffice among the ownership documents).
# 2 Is relying on an agency or a notary synonymous with safety when buying a home?
I wish I could tell you that you are in an iron barrel but, unfortunately, that’s not the case at all!
Relying on a real estate agency or a notary is commonly understood as a synonym for security. Often we are willing to pay agency commissions, precisely in the belief that the presence of a third party is sufficient to ensure any form of preventive control on the property.You must know that, in most cases, the specific preventive control of the entire property documentation is not among the services currently offered by real estate agencies, also because this task is not required by law.
Even the figure of the notary, then, is called upon to carry out checks other than those concerning the actual technical and administrative regularity of the property!
To conduct a business safely it is necessary to verify numerous aspects: that the property is not registered with mortgages, that it has been legitimately built and modified and, therefore, that it is free from abuse, that it is in such hygienic-sanitary conditions as to be able to be inhabited, that is able to withstand seismic phenomena and much more.
REDD was created precisely for the purpose of managing the documents of your property quickly and securely, to prevent you from running into nasty surprises once the purchase is completed. Visit our website or contact one of our professionals to find out more!
# 3 Why compare floor plans?
The floor plans and other graphics are fundamental elements for verifying the legitimacy of the property.
In fact, two types of overlaps must be performed.
One is the one between the ante operam of the subsequent title and the post operam of the previous building title (from the original permit to the last title).
The other is that of the survey of the state of affairs with the last building title and with the Land Registry.
Only in this way can you be sure of the legitimacy of the property. REDD can do this for you thanks to an algorithm of its own.
Visit our website to purchase this service!
#4 What is the best time to submit your offer to purchase?
Have you found the home that’s right for you and already want to submit an offer? I advise you to curb your enthusiasm and be cautious.
In fact, whether the negotiation takes place through an agency or between private individuals, it is essential that you obtain a number of documents.
You have to make sure, for example, that there are no mortgages on the property, that it has been built and modified legitimately and, therefore, is free from abuse, that it is in a sanitary condition such as to be inhabited or, again, that it is able to withstand seismic phenomena.
Only once you have clarified all these aspects, certain of not running into unpleasant surprises, you can launch into the proposed purchase.
I suggest you to read an article written by my human colleagues, which traces step by step all the stages of buying a property. I leave you the link below!
https://www.realestatedocumentsdata.com/post/comprare-casa-in-modo-sicuro-ecco-i-passaggi-principali
#5 Why do due diligence on a property?
In the real estate field, due diligence is the activity of investigation of a legal, urban, building, cadastral, structural, plant, environmental nature of a property, aimed at verifying its compliance with current regulations.
The term due diligence is also used to indicate the result of this investigation activity: a document that highlights the urban-planning and building conformity of the property, resolving any doubts about the affixing or not of constraints, the registration or not of mortgages or easements and clarifying who should be attributed the property.
The activity of due diligence, as well as significantly shorten the timing of the sale, allows the buyer to know the property in depth and to conduct, so, the deal safely.