REAL ESTATE – MARBELLA WOHNEN – All you need to know about the Real Estate Registration Certificate

All you need to know about the Real Estate Registration Certificate

The Real Estate Registry Certificate is one of the documents that formalise the sale of a property. It is a public document that contains information about the property registry and gives it legal security. In the Marbella WOHNEN blog we are going to explain in detail what this document is, what its function is and what type of information it contains. Keep reading!

What is the Real Estate Registry Certificate

The Real Estate Registry Certificate is an official document issued by the Property Registry and contains information about a specific property. It is an essential document in any real estate transaction, as it certifies who the current owner of the property is and also states whether there are any charges or liens on it.

The Real Estate Registry Certificate contains data such as the physical description of the property, outstanding mortgages, easements… and any other data that may affect the purchase and sale of the property. In short, it is a legal guarantee on the status of the property that provides a complete and secure view for all parties involved in a real estate transaction.

Why is the Real Estate Registry Certificate necessary?

This document is essential in a real estate transaction because it protects both sellers and buyers.

For the buyer, the document allows him to verify the legitimacy of the property, ensuring that the seller is the true owner or that the property is free of unknown encumbrances. For the seller, the certificate is also very important because it guarantees that the sale is carried out in a transparent manner. In short, this document is a guarantee that protects all parties involved in a real estate transaction.

Another purpose of the Real Estate Registry Certificate is to avoid fraud, since this document provides reliable information on the legal status of the property. In addition, it is an essential document for banks when evaluating the granting of a mortgage, because it allows them to analyze the legal status of the property to be financed.

The main purpose of the Real Estate Registry Certificate is to ensure legality and transparency in the purchase and sale of a property.

How to apply for the Real Estate Registry Certificate

Applying for the Real Estate Registry Certificate is a simple process, but you have to follow the appropriate steps to do so. You can apply:

• In person at the Property Registry corresponding to the property.
• Online, on the website of the College of Registrars of Spain

To make the request, you will need to provide certain basic data such as the exact location of the property (province, municipality, registration number) and, in some cases, the cadastral reference. Once the process has started, the issuance of the document can take about 7 days.

Tips for interpreting the Real Estate Registry Certificate

Correctly interpreting the Real Estate Registry Certificate is essential to avoid surprises when purchasing a property. This document is usually written in technical language, so it can be difficult to understand. It is advisable to have the advice of a real estate professional who can explain each section of the certificate in detail. The real estate advisors who collaborate with Marbella WOHNEN will surely help you understand each and every one of the concepts.

If you want to know more about the real estate world, we invite you to continue reading the Marbella WOHNEN blog, where you will find everything you need to make safe decisions when buying or selling a property.