A type of contract by which one party agrees to sell and another agrees to buy a certain real estate. It establishes the deadline to realize the purchase, conditions and penalties in case of withdrawal by any interested parties. Usually, both the seller and the buyer leave a guarantee in order to demonstrate their interest in specific the promise. Should always be performed before a Notary Public, and can register with the Real Estate Registry to avoid default by the seller.
*A good Escritura should include both the Dominio and Possesion.
Owning a home is a keystone of wealth… both financial affluence and emotional security.