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You will need to find a buyer, negotiate the terms of the sale, sign a purchase agreement, and have a notary public oversee the transfer of ownership. It's important to note that if the property has multiple heirs, all of the heirs will need to agree to the sale before it can go through.
Any purchase agreement should include at least the following information: The identity of the buyer and seller. A description of the property being purchased. The purchase price. The terms as to how and when payment is to be made. The terms as to how, when, and where the goods will be delivered to the purchaser.
Landownership is evidenced by providing the title deed (Escritura Publica) recorded with the Public Registry of Property regarding private property and a parcel rights certificate recorded with the Agrarian Registry regarding Ejido or communal land.
There are three contracts normally involved in a real estate transaction in the restricted zone: ? Offer to Purchase ? Promissory Agreement ? Trust Agreement or Deed to the property.
At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.