It is well known that due to the crisis, many properties are now being offered at very low prices.<\/p>\n
However, the purchase of any property (residential, commercial, land, agricultural) involves risks that buyers are often unaware of, resulting in unfavorable purchases or the acquisition of “problematic” properties with legal defects.<\/p>\n
Proper legal advice on the purchase of real estate is crucial in order to protect the prospective buyer.<\/p>\n
The legal check includes research in the land registry and cadastre of the location of the property, in order to verify the legality and correct registration of the title or titles of ownership of the property (contracts), any third-party claims or encumbrances (e.g., when purchasing a plot of land or farmland, part of it may have to be ceded as a right of way to a neighboring property, etc.).<\/p>\n
It is particularly important to carefully research the property to be purchased in advance, in order to examine:<\/p>\n
<\/p>\n
Furthermore, in cases where the property is to be purchased with a loan, the presence of a lawyer throughout the sale is considered necessary in order to examine both the buyer’s financing terms and compliance with the correct procedure during the notarial transfer.<\/p>\n
However, apart from purchasing a property with a loan, it is also common to purchase a property that has a mortgage or a mortgage pre-notation.<\/p>\n
In such cases, in order for the buyer to acquire the property free of encumbrances, a written agreement must be drawn up to secure the transaction.<\/p>\n
In addition, it must be thoroughly verified that the debt to be repaid or offset against the purchase price corresponds to the debt encumbering the property with a pre-notation or mortgage.<\/p>\n","protected":false},"excerpt":{"rendered":"
It is well known that due to the crisis, many properties are now being offered at very low prices.
\nHowever, the purchase of any property (residential, commercial, land, agricultural) involves risks that buyers are often unaware of, resulting in unfavorable purchases or the acquisition of “problematic” properties with legal defects.
\nProper legal advice on the purchase of real estate is crucial in order to protect the prospective buyer.
\nThe legal check includes research in the land registry and cadastre of the location of the property, in order to verify the legality and correct registration of the title or titles of ownership of the property (contracts), any third-party claims or encumbrances (e.g., when purchasing a plot of land or farmland, part of it may have to be ceded as a right of way to a neighboring property, etc.).
\nIt is particularly important to carefully research the property to be purchased in advance, in order to examine:
\nA) Whether the property is unauthorized, whether the building permit corresponds to its actual area, or whether there are any exceedances in its declared area.
\nB) Whether the property has a mortgage or mortgage lien.
\nC) Whether the property is claimed by a third party or bank.
\nD) Whether the property has been correctly declared in the land registry where required.<\/p>\n
E) Whether the title deeds (contracts) of the property correspond to its actual status.
\nFurthermore, in cases where the property is to be purchased with a loan, the presence of a lawyer throughout the sale is considered necessary in order to examine both the buyer’s financing terms and compliance with the correct procedure during the notarial transfer.
\nHowever, apart from purchasing a property with a loan, it is also common to purchase a property that has a mortgage or a mortgage pre-notation.
\nIn such cases, in order for the buyer to acquire the property free of encumbrances, a written agreement must be drawn up to secure the transaction.
\nIn addition, it must be thoroughly verified that the debt to be repaid or offset against the purchase price corresponds to the debt encumbering the property with a pre-notation or mortgage.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","footnotes":""},"categories":[526],"tags":[],"class_list":["post-5683","post","type-post","status-publish","format-standard","hentry","category-legal-issues-for-individuals"],"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"spiliopouloslaw","author_link":"https:\/\/www.spiliopouloslaw.com\/en\/author\/root2christos\/"},"rttpg_comment":0,"rttpg_category":"Legal Issues for Individuals<\/a>","rttpg_excerpt":"It is well known that due to the crisis, many properties are now being offered at very low prices. However, the purchase of any property (residential, commercial, land, agricultural) involves risks that buyers are often unaware of, resulting in unfavorable purchases or the acquisition of \"problematic\" properties with legal defects. Proper legal advice on the…","_links":{"self":[{"href":"https:\/\/www.spiliopouloslaw.com\/en\/wp-json\/wp\/v2\/posts\/5683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.spiliopouloslaw.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.spiliopouloslaw.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.spiliopouloslaw.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.spiliopouloslaw.com\/en\/wp-json\/wp\/v2\/comments?post=5683"}],"version-history":[{"count":0,"href":"https:\/\/www.spiliopouloslaw.com\/en\/wp-json\/wp\/v2\/posts\/5683\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.spiliopouloslaw.com\/en\/wp-json\/wp\/v2\/media?parent=5683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.spiliopouloslaw.com\/en\/wp-json\/wp\/v2\/categories?post=5683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.spiliopouloslaw.com\/en\/wp-json\/wp\/v2\/tags?post=5683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}