Buying Real Estate means investing money for the next few years, that is why it is important to consider all the legal and technical aspects of the object prior to the transaction. Thus, in the future it will be possible to avoid unpleasant moments connected with accommodation, possession or price, especially being in a foreign country. You need to keep attention on the following things...
When you purchase both new or resale real estate in Chile it is extremely important to know what is the legal status of the realty you are buying. If the real estate has any mortgages, restrictions, encumbrances, debts, rights of third parties, and the most important ting is whether there is an object of municipal debt, such as territorial or garbage disposal. Often, in Chile, people simply forget to pay the municipal taxes and a large amount of debt is accumulated and that may well be the cause of the encumbrance of the properties. After all, according to the Chilean law the debtor is not the owner of the acts, its the object.
Also, experience shows that one of the most encountered problems is not continuing the project, and not taking the mortgage burden. The mortgage can be paid for several years before or even earlier than the previous owner, but it is needed to NOT spend the object of legal treatment, which can result in serious problems with re-registration. Accordingly it is not recommended to buy such a property without further clarifications.
For new properties, whose construction in most cases is financed by banks or third parties, sold objects can simultaneously be the key to investors and it is an extremely important thing or even get the insurance on a deal (it is obliged to give the company the developer) or the investor's signature (and seller) in the document of the final purchase and sale.
Also, before you buy a property, you must know its real price, technical and legal conditions of the transaction.