| Author | Message | ||
     Jose Cintron New member Username: Tony_sin20 Post Number: 6 Registered: 1-2007 |
Hi there I have a question in regards to the $1000.00 reserva you make for the property. If I back out after giving the money but before the boleto is made . do I lose this money? | ||
| Apartmentsba.com Intermediate Member Username: Saint Post Number: 178 Registered: 5-2005  |
Hi Jose, Yes, you will lose the reserva if the seller accepted your offer and you had a mututaly agreed upon purchase price. There are a few ways you can possibly get out of it still that I have noticed. On MANY properties the owners will only sell it if you agree to list a false and lower price on the title deed. So if you are trying to back out as you changed your mind you can verify that they will list 100% of the price on the title deed. If they say NO then you can tell them you want to back out as that is illegal and you definitely want to list 100% on the title deed. They will have to give you back your money. Another thing to remind them is to tell them they must split the stamp taxes (if applicable) which is another 1.25% to them. Many owners want the buyers to pay for all of it but more times than not I negotiate for the seller to split this tax with me. If the reserva doesn't say anything about this tax, they are legally obligated to split it with you. So mention that and they might want to back out as well. Also, something helpful is to ALWAYS make an offer conditional on it passing an architect's inspection and the condo rules not prohibiting short-term apartment rentals. Try these things above. Typically the 100% thing works as most locals I found are serial tax evaders. Good luck. | ||
| Tom Advanced Member Username: Diverdown48 Post Number: 413 Registered: 6-2006  |
serial tax evaders that is good  |
