Steps and Procedures for the Sale and Purchase of a Property

1. Negotiation and Preliminary Agreement The first step is the negotiation between buyer and seller. Once both parties agree on the price and conditions, we proceed to formalize a preliminary agreement through a promise of sale or a commitment to sell. CasasMarruecos.com advises you during this stage to ensure that the initial agreement is beneficial and secure.

2. Document Verification Before finalizing the sale, it is essential to conduct a thorough review of key documents, such as:

   • Title Deed: Confirms that the seller is the legal owner of the property.

   • Certificate of no encumbranceGuarantees that the property is free of mortgages or other encumbrances.

   • Cadastral plan: Specifies the exact boundaries of the property.

   The experts at CasasMarruecos.com can take care of these verifications, making sure that all the documentation is in order.

3. Formalization of the Purchase and Sale Agreement Once the verifications have been made, the contract must be signed before a notary. According to article 487 of the DOC, in order to be valid, the purchase contract must be authenticated by a notary. Our team accompanies you every step of the way, coordinating with the notary to ensure that the entire process runs smoothly.

4. Payment and Delivery of the Property Payment is generally made in two stages: an advance payment upon signing the commitment to sell and the balance upon signing the final contract. After the payment, the seller delivers the keys and the complete documentation of the property to the buyer. CasasMarruecos.com can facilitate this transaction, offering a fast and secure process.

Obligations of the Parties

• Seller’s Obligations:

  • Transfer ownership of the property to the buyer.

  • Guarantee the absence of hidden defects.

  • Provide all necessary documentation to complete the transaction.

• Buyer’s Obligations:

  • Pay the agreed price within the established deadlines.

  • Assume possession of the property on the agreed date.

Costs Associated with Real Estate Sales and Purchases

It is important to consider the associated costs, including:

• Notary feesApproximately 1% to 1.5% of the sale price.

• Registration fees: Correspond to 4% of the sales price.

• Administrative and other additional costs.

With the help of CasasMarruecos.com, you can plan these costs and make sure there are no unexpected expenses.

Warranties and Legal Remedies

In case of conflicts or non-compliance, legal mechanisms are available:

• Warranty for hidden defectsThe seller is responsible for any non-obvious defect in the property, according to article 532 of the DOC.

• Recourse to the courtsThe parties may have recourse to the competent courts to resolve contractual disputes.

CasasMarruecos.com can also help you manage any conflict, offering expert legal advice.

Conclusion

The sale and purchase of real estate in Morocco is a regulated process that requires following a series of steps and comply with legal obligations. With the advice of the professionals of CasasMarruecos.com, you can carry out this process with complete peace of mind and security. If you are considering buying or selling a property in Morocco, do not hesitate to contact us to receive personalized support and ensure that your transaction is a success.

Rely on experts to avoid confusion

At CasasMarruecos.com, we understand that buying a property in a foreign country can be challenging. Our team specializes in guiding international clients through every step of the process. From verifying documents to handling legal formalities, we ensure that your investment is secure and transparent.

Avoid unpleasant surprises. Contact us today and enjoy hassle-free shopping in Morocco – we’re here to help!