Chuit Island, Chaiten, Chile

e-mail: enchile@enchile.cl phone: 56-2-3192808 cellphone: 56-8-4490094

These are some important things that you need to know before you buy a property in Chile:

1.- In Chile you have to register the property in the "conservador de bienes
raíces" through a permission. If you pay for the property and is not
registered, the property does not belong to you.

2.- there are no real estate lawyers, so you can use any lawyer. We recommend
the use of a bilingual Lawyer.

3.- The first thing that you have to get before paying are these documents:

Certificado de dominio de la propiedad ( Ownership attest )
Certificado de hipotecas y gravámenes ( Mortgages on the property)
Prohibición de enajenar ( it states if there is any prohibition to selling
the property)

These are given by the register of land in the nearest county.

Rol de la propiedad ( number of register of the property)

And this one must be given to you by the owner of the property

4.- The new contract must be done in Chile and registered as we said before in
the "conservador de bienes raíces". Usually the buyer is the one that pays
for these procedures.

5.- Your lawyer must write down the purchase-sell contract. If you don't have a real estate agent who has done the job before, you must ask the lawyer for a revision of the titles, usually 30 years before.

After that, the seller, the buyer and their lawyers go to the notary to get an attest (and a revision) from the notary that the contract is OK.

6.- After that, you or your lawyer, your real estate agent or somebody you trust, go to the "Conservador de Bienes Raices" (the keeper of the books where the land and its proprietors is registered) to register the property in your name (in small towns like Chaiten it is probably the same notary).

In 15 days or something like that the "Conservador" says if the property is registered in your name or if there is a problem.

For this last reason, it is usual to state in the contract that the owner will be paid only after the property is registered in the buyer's name at the "Conservador de bienes Raíces" and the buyer leaves in the notary office a bank note in his name, endorsed to the seller for the amount of the value of the land. It is usual to pay the real estate agent in this way too. In this way, if the documents are OK, the seller can cash the note and if not, you can have your bank note back.