Points To Be Considered When Acquiring Property

As is known, immovable properties are all registered and most of the purchasing transactions regarding immovable take place in title registry offices. Since such offices are not the optimum places for the exchange of such high amounts, the safest transaction method when acquiring property should take place in title registry offices.

However, a purchasing does not almost always happen in such way. Contractors intend to dispose their properties even there is no construction at hand. At this exact point, it is crucial to be aware of extortion since unapproved sale and purchase agreements (SPA) are week with regards to enforceability. In the event that the transaction cannot take place at the title registry office, it should take place at the notary office since notarized agreements are easily enforced. Such agreements are called "promise to sell agreement".