Verify the property and its seller
Before paying a deposit, request documents identifying the property, its owner, and the person authorized to sign. Have the titles, any potential encumbrances, and applicable permits reviewed by a notary and independent legal counsel. A polished sales presentation does not replace this verification.
Understand the contract and the total cost
Compare the price with payment terms, closing costs, condo fees, and the amenities actually included. The contract must specify what is being sold, cancellation conditions, and remedies in case of delays. Request a written budget tailored to your situation, rather than relying on a universal percentage.
Distinguish between delivery and profitability
For an off-plan purchase, examine the schedule, payment milestones, and conditions for handing over keys. For rentals, ask for detailed assumptions that incorporate vacancy periods, management, and maintenance. Income presented in a simulation is not guaranteed income.
Support tailored to your project
Latitud365 can help you gather project information and organize discussions with competent professionals. Contact the team to review the documents for a specific property. This article is for informational purposes and does not replace personalized legal or tax advice.
