The absence of the necessary certificates in a real estate transaction can bring a series of complications and risks, affecting both the buyer and the seller, in addition to damaging the reputation and operation of the real estate agency involv .
This is because, without these certificates, the buyer runs the risk of acquiring a property with pending legal or tax issues, which may result in india phone number library blockages, seizures or even the loss of the property. A lack of transparency can generate distrust and future legal problems, compromising the security of the transaction.
For the seller, the lack of these certificates can delay the sales process and even drive away potential buyers who are looking for guarantees of a safe and trouble-free transaction. Undisclos issues can be discover later, leading to litigation, fines and other legal complications that affect the liquidity of the property and market confidence .
As for real estate agencies, the lack of certificates is extremely harmful, since when they do not ensure that all the necessary certificates are obtain, they run the risk of facing legal proceedings, losing clients and tarnishing their reputation sbt million show: marketing strategies and how to apply them in the market. Dissatisfi clients can spread the bad experience , which negatively affects the company’s credibility.
Furthermore, the lack of certificates can result in problematic transactions, leading to additional costs with lawyers and courts, as well as a possible loss of commissions .
What other documents are requir?
In addition to the essential certificates, there are other documents that are essential to ensure a legal and hassle-free real estate transaction. They cover both the property details and the personal information of the seller and buyer.
Next, find out what they are.
Property documents:
- updat property registration;
- ITBI (Real Estate Transfer Tax);
- floor plan (necessary in cases of vietnam news latter financing or use of FGTS balance);
- condominium payment statement (for apartments, issued by the property manager or administrator).
Seller’s documents:
- personal identification documents (CPF and RG);
- birth certificate (if the seller is single);
- marriage certificate (if the seller is marri. If the marriage occurr after the purchase of the property, the certificate must be register in the Property Registry);
- marriage certificate with endorsement (for separat, divorc or widow sellers);
- certificate of the civil distributor;
- certificate of deeds issued by the Federal Court;
- certificate of deeds issued by the Labor Court;
- negative certificate from the interdiction and guardianship office.
All of the above documents must be requested from both the seller and his/her spouse, if applicable . They must be obtained from the registry offices of the cities where the property is located and where the sellers currently reside, if they are in different municipalities.
Buyer’s documents
- ID and CPF;
- income tax return;
- proof of marital status (birth or marriage certificate, as applicable);
- FGTS statement (if you are going to use the FGTS balance to purchase the property).
Tips for Real Estate Professionals
To stand out in the real estate market and ensure safe transactions, it is necessary to follow some practices to optimize your work, increase customer satisfaction and avoid legal and bureaucratic problems.
Below, we present some essential strategies for professionals in the sector.
Stay up to date with laws and regulations
Keep up to date with changes in municipal, state and federal legislation, and participate in courses and seminars that offer professional development. This practice increases your credibility and also provides security and confidence to your clients, ensuring that you are prepared to deal with any legal situation that may arise during the real estate purchase and sale process .
Use technologies to facilitate processes
Use real estate management software to organize documents , track transaction progress, and manage contacts. Digital signature tools can speed up contract formalization, while video conferencing platforms make it easier to meet with clients and partners.
Offer complete and personalized consultancy
Specialize in guiding your clients on the importance of obtaining the necessary certificates for the sale of real estate. Explain each step of the process , from the request to the validity of the documents, and offer ongoing support to ensure that all legal requirements are met.