Once you have purchased the house and signed the deed of purchase before a notary, it is necessary to perform certain further procedures, such as payment of taxes, presentation of the document in Public Records, communication of ownership change in the farm, etc.

Detail all the steps that will be processed directly by the notary where you have signed the deed or if you prefer, you can order yourself.

Pay taxes

If you have bought a new building, and this is the first sale made by the developer, you have to pay VAT, which is given to the developer to enter the Tax Agency.

The current VAT for the purchase of houses is 10% of the purchase amount.

Once the tax has been paid, the paper copy of the deed will be presented in the Property Registry for registration.

Property registration

The notary can present the documentation in a face-to-face manner.

Once examined by the Registrar, the buyer will register the house in his name and will be given the copy of the deed, along with the proof of having paid the tax, and change of name.

One needs to submit an authorized copy of the public deed, proof of receipt of self-assessment of the corresponding tax in the register.

Upon the verification of all these documents, you can pick up the exchange document within a period of three weeks to one month.

It is the responsibility of the buyer to pay the expenses of the deed of sale. If you have applied for a mortgage, you must pay for two deeds, the sale, and mortgage, and pay the appraisal of the house.

Do not forget to receive the confirmation letter of the change, in your usual home. Finally, the seller must keep all certificates of property readily available with him/her.

By: Shailaja K