Buying a house is one of the most important economic transactions in a person’s life. Purchase proposal, preliminary contract, deposit, mortgage, deed … many operations, rules, checks, documents, commitments, types of purchase. From the very first step, it is advisable to have a notary by your side, so that he can protect you and advise you on how to carry out the entire process in total safety.
THE NOTARY’S TASKS BEFORE COMPLETION
There are numerous activities carried out by the notary for the preparation of all necessary documentation for the conveyance. First the notary sounds out the desires of the parties so as to identify the type of deed most appropriate to achieve the purpose intended by the client, always in compliance with the law (link to money laundering regulations, N.B. this is a new page). Therefore, the notary must elicit from the parties any information that will enable him to understand fully the result they want to achieve. The parties have the right to speak to the notary personally and ask him for any clarifications or explanations they may need in order to understand the consequences and legal effects of the act. So it often happens that, in conversing with the notary, one ends up changing what had been the original idea.
Once the nature of the deed to be drawn up has been defined, the notary must by law perform a series of up-front checks on legality so that the contract will stand the test of time and be unassailable. Thanks to these checks, real estate litigation is almost non-existent: only 0.003% of real estate transactions come before a court!