What are the steps to buy a property?
To purchase a property in Ecuador, follow these steps:
- Verification of the seller: Make sure that the seller is the legitimate owner of the property. You can request a certificate of encumbrances at the corresponding Land Registry.
- Document review: Request previous deeds, tax payment certificates and any other relevant documents.
- Signing of the promise of sale: This preliminary contract establishes the terms of the sale and usually involves a down payment.
- Public deed: The sale is formalized before a notary public.
- Land Registry: Register the deed in the Land Registry to make the transfer official.
At Alejandra Loyo Realtor ‘s Remax AllServices we will guide you through every step.
What documents do I need to sell my property?
To sell your property, you must present:
- Original title deed of the property.
- Certificate of encumbrances: Indicates if the property has mortgages or restrictions.
- Certificate of payment of property taxes.
- Valid ID card and voting certificate.
- In case of horizontal property: Copy of the declaration of horizontal property.
At Alejandra Loyo Realtor ‘s Remax AllServices we will guide you through every step.
How to know if a rental property is legally compliant?
To ensure legality when renting a property:
- Verify the identity of the lessor: Request documents proving ownership or authorization to lease.
- Check the lease: It must be in writing and comply with the current Tenancy Law.
- Registration of the contract: Although not mandatory, registering the contract at a notary’s office provides greater legal certainty.
In Remax AllServices of Alejandra Loyo Realtor we make sure that all our properties comply with all the documentation in order.
What are the warning signs to avoid real estate scams?
To avoid fraud:
- Prices too low: Be wary of offers that seem too good to be true.
- Lack of documentation: If the seller does not provide legal documents, it is a red flag.
- Prepayments without guarantees: Never make significant payments without having signed a legal contract and verified the authenticity of the property.
At Alejandra Loyo Realtor ‘s Remax AllServices we have the experience and the right team to guarantee secure transactions and protect the interests of our clients.
Is it necessary to hire a lawyer?
Although it is not mandatory, having a lawyer specialized in real estate law is highly recommended. A professional will help you review contracts, verify the legality of the property and ensure that the transaction complies with all current regulations, giving you greater peace of mind and security in the process.
In Remax AllServices of Alejandra Loyo Realtor we have the professionals, the experience and the support to advise you in the best way.
LEAVE US YOUR DATA
Let's talk about your real estate project
Our experts would love to share their knowledge and vision to boost your real estate projects.
REMAX ALL SERVICES
Dirección: Av. Fray Vacas Galindo & Av. Mariano Acosta
LAGUNA MALL, Planta baja, Oficina 14