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As with all property purchases, a local trusted lawyer should first be employed to help with all dealings and make sure the buyer avoids any potential pitfalls during the buying process. As the process is effectively the US one, it shouldn’t be too difficult to get things up and running quickly. Once a property has been decided upon and the offer accepted, a pre-contract agreement is signed and the initial deposit paid, usually of around 10 to 30 percent of the total cost. After this has been completed, a number of checks can be carried out on the property itself, to make sure the land is legally owned etc. After these checks are completed, the main contract can be drawn up, signed and notarised, before being sent for registry at the local authorities. All outstanding fees are then paid in full. Fees for lawyers and notaries vary, and taxes usually come to around seven to ten percent of the total property cost.
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