The property transfer process, better known as “conveyancing”, is crucial in the real estate market, where every detail counts. At Somnium Legal, with offices in Orihuela and Orihuela Costa, we specialize in ensuring that the transfer of property is a clear and hassle-free process for all parties involved.
What Does the Transfer Involve?
Property transfer is a complex process that involves several critical stages, starting with the agreement between buyer and seller on the terms and conditions of the deal. This stage is essential, as it establishes the legal bases of the transaction and ensures that both parties are clearly informed of their obligations and rights.
The Transfer Process
- Drafting and Exchange of Contracts: Contracts detail the agreed terms and are exchanged between the parties, marking the formal beginning of the transfer process. At Somnium Legal, we guarantee that contracts are exhaustive and faithfully reflect the parties’ agreement, protecting their interests at all times.
- Searches and Inquiries: We carry out a series of legal searches and inquiries to uncover any issues that could affect the value of the property or the buyer’s ability to use the property as intended. This includes reviewing local authority records, environmental issues and zoning regulations.
- Property Inspections: We facilitate and supervise necessary inspections to evaluate the physical condition of the property, identifying any necessary repairs or modifications before proceeding.
- Exchange of Contracts: Once the parties are satisfied and all the necessary searches are complete, the exchange of contracts proceeds. At this point, the buyer typically pays a deposit and both parties are legally obligated to complete the transaction.
- Completion: The final phase is the completion of the deal, where the buyer pays the remaining balance and the necessary legal documents are exchanged to officially transfer ownership. We update the property title and notify the relevant authorities of the change in ownership.
The Somnium Legal Experience
Our team of experts at Somnium Legal have deep knowledge of local property laws and vast experience in handling real estate transactions efficiently and safely. We understand that transferring property can be a complex and potentially stressful journey. Therefore, we offer a service that not only focuses on technical excellence, but also on empathy and constant support for our clients.
Why Choose Somnium Legal?
Choosing Somnium Legal means opting for a transfer process handled with professionalism, precision and personalized care. We pride ourselves on our ability to simplify complex procedures and our commitment to transparency and effective communication. Our goal is to make each transaction as seamless and stress-free as possible, allowing you to focus on what really matters: enjoying your new property.
We invite all those interested in buying or selling properties to contact Somnium Legal. Discover how our meticulous and personalized approach can make a significant difference in your next real estate transactions. With offices in Orihuela and Orihuela Costa, we are uniquely positioned to assist you in every step of your real estate transaction, ensuring that every detail is handled with the highest competence and care.
