THE BEST WAY TO BUY

1 .- Find an estate agent you trust, it will save you time and money. They have an extensive portfolio of properties and clients, they know the market prices, help with paperwork and act as intermediaries between the buyer and seller. You can also sell your property directly, which will require dedication and time.

2 .- Once you have found the desired property, the estate agent or you negotiate with the owners its bid on the property and will probably receive a counteroffer, to arrive at a figure convenient to both.The agent is a neutral intermediary. His interest is that negotiations a success and must take her to a middle or which benefit both: buyer and seller.

3 .- Once the offer is accepted, the buyer should ask the following documents:

Lien Certificate

Property Titles

Municipal self-appraisal statement

These three documents should be reviewed by an attorney.

4 .- Once that is verified with titles that the seller is truly the owner and the Certificate of Lien is found that the property has no mortgage, lien or any other cargo to prevent its sale, the proceeds to Arras Contract or Purchase Minutes.

5 .- The Arras Contract is a document whereby the seller delivers 10% (negotiable) agreed sale price.The agreement must specify the sale price, the time needed to the minutes and writing and the date of delivery of the keys to the building. In the confirmatory deposit agreement, if the customer cancels purchase, you lose the deposit, and if the seller cancels the transaction, you must return the deposit for twice its value (10% x 2, conditions laid down in the code civil).

6 .- The Minute or Purchase Agreement is the document by which ownership of the asset transferred, according to Peruvian law, must be signed by a lawyer. Just signing the bill, you must request the blocking of the property to the notary.

7 .- The Minute Sale is brought before a notary attesting to the payments and the rise to Deed. At the time of signing the deed cancels the total transaction price, on delivery by the seller, all bills paid to date, such as light and water, and telephone and maintenance if applicable, also means municipal canceled until the time of the transaction and the property tax for the full year. At that time it delivers the keys to the new owner.

8 .- The notary must include this e scritura in the Registry Office of Lima and Callao to the property was legally in the name of the buyer.

9 .- Within 3 days of the date of the bill, the seller must download this property in the municipality due and the buyer enter their name. If the building is new, the buyer will pay General Sales Tax (GST), if a second sale, pay the Excise Tax in the municipality, which is equivalent to 3% of the value of self-appraisal.

11 .- The fees or commission agent corresponding to the vendor and are based on a percentage of sales value of the property.