How to avoid being scammed when acquiring a property or land in Peru?

How to avoid being scammed when buying land or property in Peru. (Andean)

Acquiring your own house, apartment or land is one of the most important steps for people, since the investment made can be part of your life savings. However, it is necessary to take into account certain points to make a safe purchase and avoid scams and the National Superintendence of Public Registries (Sunarp), the entity in charge of giving national validity to real estate in Peru, has mechanisms that all Peruvian citizens they should know.

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Remember that in recent years, the purchase and sale of real estate and land has been constant, to the point of revaluing their initial value by up to 20%. Therefore, before acquiring and investing in land, people should find out if the property is registered in the name of the seller who offers the property as his. Know what other actions should be taken into account when buying a home.

1. Verify the registration status of the property.

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The property must be registered in the name of the person who claims to be the owner of the property and even the one who offers it. The property must not have current charges, debts, mortgages or encumbrances.

2. Verify the seller’s data.

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On some occasions, the owners of the land or property grant the power to a seller so that he is in charge of the corresponding procedures. If this is the case, it is necessary to request a power of attorney from Sunarp and verify that it has the necessary powers to make the sale.

3. 100% vacant property.

At the time of completing the purchase, the property must be available to the buyer in its entirety, that is, it must be unoccupied. If this is the case, it will be necessary to consult when the current occupants will leave and evaluate the purchase.

4. Municipal documents in the name of the seller.

The Urban Property (PU) and the Summary Sheet (HR) are documents issued by the municipality on an annual basis, in which is the address and name of the person who owns the property. The data must match the person offering the property.

5. Public services and taxes up to date

Every year the real estate property tax is issued. This must be paid in full at the time of making the purchase and sale transaction. Basic services, the same.

6. Make the draft with the authorization of a lawyer.

The purchase and sale document is one of the most important for the buyer, since it will include points and clauses that will allow him to protect the assets he acquires. The bill must allow the blocking of the property until the signing of the public deed.

7. Registration in Sunarp through a notary

When the public deed has been created, it will be necessary to ask the notary to present the purchase contract to Sunarp for registration.

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