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What does a notary do, and how do they help me in the process of buying a house?

If you are about to purchase a property, you may be wondering what procedures you should do, or who you should approach to carry them out; if these questions have not stopped haunting your mind, don't worry! At Grupo Gova, we take care of making everything easier for you. So, in case you are about to buy a property, and you are looking for notaries in Puerto Vallarta, it will be very useful for you to know more clearly what their participation in the purchase process is.

What does a Notary Public do?

They are State officials whose primary function is to help prevent fraud, acting as impartial witnesses who certify the authenticity of a document. 

  • Their main functions are as follows: 
  • Draft wills, mortgages and other legal documents.
  • Processing affidavits or depositions
  • Verify and certify the validity of signatures contained in documents. 
  • Serve as an impartial witness, in order to prevent any type of fraud in public or private matters.
  • Authenticate the notarized documents, adding his signature and sealing the pages, in order to attest that it was presented to his office at the time of the signature of the parties.
  • To orient the applicants before proceeding with the authentication of the documents.
  • Be aware of any developments or changes in the applicable legislation.
If you still have doubts about how it will support you when buying a house or apartment, don't stop reading! 

How does a notary help me in the buying and selling process?

Before the purchase-sale

It is essential that, before starting the signing of the contract or committing to the purchase, we contact a notary, who will confirm certain basic aspects of the property, such as, for example, that the person selling it is really the owner; and if he is the sole owner or if the consent of third parties has to be requested. 

They will also be able to verify that there is no inconclusive succession and that the property does not have a mortgage.
Also, the notary, depending on the local legislation, will process the proof that the property is free of encumbrances and up to date in the payment of its taxes, such as IBI and water or land use certificates.

During the sale and purchase

At the moment of the purchase-sale, the first step is to have all the documentation ready, then the notary will prepare the corresponding deed and will coordinate a meeting for the signing in which the buyer, the seller, the financial entity in the case that the property is acquired through a mortgage loan and the notary are present. 

After the purchase-sale

Once the purchase-sale process is concluded, the notary is in charge of registering the deed in the Public Registry of Property so that there is a record of the purchase-sale, thus finalizing the deed process.

The notary is also in charge of delivering you an original testimony of the deed, as well as to conserve the original protocol where your deed is registered during 5 years in the notary's office, after which it will be delivered to the General Archive of Notary's offices.

Relying on a notary to carry out the process of buying and selling your new home in Puerto Vallarta is essential, so if you are looking for a notary in Grupo Gova, you can find one! 

Notary Public in Puerto Vallarta

Gova Casa is the most complete developer group in the area of Puerto Vallarta and Riviera Nayarit, we will guide you and accompany you in every step of the process for you to acquire a house or apartment, for which we also have the service of notary public. 

Do not hesitate to contact us. Our experts will be ready to answer all your questions and show you the wide range of properties in the developments we have available.

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