The National College of Mexican Notaries informs that the deeds of a property cost between 4% and 7% of the total cost of the property. In addition, the acquisition tax is estimated between 3% and 4% of the appraisal and cadastral heat.

However, carrying out this process is essential during the purchase of an apartment or house, because its purpose is to ensure the legality of the procedure. For this, the review of the deeds will be essential to confirm that the property legally belongs to the buyer.

In addition, it is essential to provide patrimonial security to the owner and potential tenants, in the event that they want to rent in the future.

Check here: How to process the Infonavit release of the deeds of your house?

For this reason, when purchasing a property, the interested party must be aware of the expense involved and investigate as much as possible regarding the legal status of the property.

The real estate startup, Flat, gave a series of recommendations, which will ensure the legality of the deed process.

Attending the notary will be essential, since a certificate issued by the Public Registry of Property must be requested. Likewise, the purchase will be reported, which will function as legal support and proof of land use.

In addition to this, the notary will be in charge of paying taxes to the authorities, preparing documentation and writing the deeds. In the same way, you must process the registration to the Public Registry of Property, for the certification of the deeds.

Of interest: 15 thousand Fovissste credits authorized according to the 2022 Point System

For the correct completion of the procedure, the buyer must bring the data requested to carry out the deed. Therefore, it will be essential that you have: notary information, seller and property data, personal data, cost of the property, proof of payment, among others.

Likewise, before the notary, the title deed, proof of identity of the participants in the purchase and sale must be presented. As well as property tax bills, water for the last five years, evidence of freedom from liens, a copy of the condominium property regime.

And finally, a certificate of no debts by the condominium administrator.

In Solili you can check available apartments in Colonia de Valle and La Roma

Original note