Real Estate Purchase
Mercury Group Luxury Estate offers the best conditions for real estate purchase abroad:
- We only work with proven premium class real estate around the world;
- Close cooperation with foreign agencies and real estate owners allows us to offer efficient and investment-attractive projects: residential estates under construction, apartments in historical centres of the largest cities in the world, ancient mansions, and houses in the country;
- We respect confidentiality, protect personal details of our clients, and guarantee the safety of closed transactions.
Our company provides a full range of services for those, who are planning to acquire elite housing or commercial property: selection of real estate abroad free of charge; consulting for acquisition of real estate in various countries; detailed presentation and demonstration of real estate units; assistance in obtaining a residence permit, processing of necessary documents, development of design project for your new house.
Real estate purchase procedure in Latvia:
1. The first stage involves the selection of a suitable item according to the requirements and budget of the client. We will select real estate from our public and private sources for free. We also arrange viewings and schedule a program of visiting selected real estate units;
2. Once the choice is made, it is necessary to open an account in a Latvian bank for the money transfer. The cost of this service is around €100, on average, depending on the bank terms. Borrowed funds can also be arranged, if required;
3. Execution of legal review. At this stage, our lawyers carefully examine the history and documents of the real estate;
4. A preliminary agreement is signed, prior to signing the sale and purchase agreement, which is a guarantee of completing the transaction. Under the stated conditions, a deposit of 10% of the agreed value is paid, whereupon the buyer takes the real estate unit off the market. If the buyer cancels the transaction, the deposit is not returned. If the transaction is cancelled by the seller, the deposit is returned at double rate;
5. The conclusion of the definite purchase agreement and full payment of the purchase price take place;
6. Public registration. Following the signing of the deed of purchase, the process of obtaining entitled documents begins. The notary transfers the documents to the Land Register for re-registration of the proprietary rights in the Land Register;
7. Apart from the basic value of the real estate unit, the buyer needs to cover the additional costs: opening of a bank account; notary fees (around €200); state fee (2% of real estate cost).
Real estate purchase in Spain is the same procedure as in Latvia, the only difference is the receipt of a Foreign Identification Number (NIE), which allows completes all the official procedures in Spain.
In order to receive a NIE the non-resident should have a passport, visa, two photos, and should complete an application with the indication of the purpose of receipt of Foreign Identification Number and should pay the state fee. A foreigner should also pay the state tax up to 10% of the value of the transaction, notary fees, a fee for opening a bank account, as well as registration of proprietary rights.
Foreign citizens are also free to purchase real estate in the United States. At the first stage, it is necessary to conclude an agreement with a local agent who holds a license in the state to carry out real estate operations. Once a real estate unit is selected, the buyer sends the seller a price offer. If the seller accepts the terms, as in Latvia and Spain, an agreement of intent is signed and a deposit is paid. From this time on up to signing of the definite agreement the buyer has time to conduct an independent assessment of the real estate. This is usually carried out by a hired expert, whose services will cost around between 250-500 US dollars. The final stage is to draw up and sign the deed of purchase, which takes place after all examinations and in the presence of a notary. Then, the registration of real estate ownership and compulsory insurance take place. Upon entry into force of proprietary rights, the owner may dispose of the real estate units to their sole discretion: to lease, to sell.
The process of real estate purchase has a similar scenario, however, each country has its own distinctive features of legislation.
Our experienced experts will advise you on the real estate purchase, and will accompany you at all stages of the transaction!
In case you have any questions, you can contact our specialists.
We are super happy with the house as well as with yours and Vasile support and professionalism!! Dubai needs more people like you in this business.2017, Maria Pichon
We recently bought an apartment in JLT and the company helped us to find our dream home in our budget. Especially I was very impressed to get excellent service and co-ordination.2017, Varsha Lohia
Umer farooq is brilliant and help us a lot in getting the apartment and paper works done quickly. Thanks for the good service of Umer and your staff.2017, Merick Pinto
I recently worked with Imraan and Tarun, who recently helped me purchase an apartment in Executive Towers along with subsequent rental of the same place. I was really impressed by the level of service and commitment during the whole process and will be happy to work with them in the future as opportunities arise.2017, R. Subramani
Linda and I want to thank you for the excellent service you have given us during the past week in finding and securing our long term rental. We particularly appreciate the many up-dates you gave when there where delays in the process and no real news. Without your constant follows ups, I think the process would have taken much longer and may not have been successful.2017, Linda and Trevor
Thank you very much. I'm convinced you will be successful with this new "Patong Sea-View Build Land" advert. You surely are the market leaders in Patong.2017, Ronald Crane
I have been very pleased with the service and the results the company has provided for the renting of our Villa. The Website is very well organized. The people are great. There have been no issues with deposits, rental payments, or damages. The volume of enquiries and renters has been very good. I am most grateful to have such a wonderful organization working for us.2017, Ken Andre
I am very happy with real estate service. Only a short while after I listed my 2 condos with them, they managed to find long term rental tenants for both units. The rental of the first unit only just has been agreed ( for 6 months), when suddenly they also found a tenant for my second apartment for 12 months. The company took care of all the paperwork (rental agreement), and secured the deposit and down payment ! They are working very professional, fast and has a large customer base. I have listed my properties with several agents on the island but most of them are just a waste of time.2017, Claudio Strey
As per our phone discussion yesterday. I would just like to pass on our thanks to real estate company and your team of property caretakers. All dealings and transaction from the commencement of the lease to our departure have been seamless and easy. This made a big difference to our peace of mind while going through the process of settling in a foreign country, unfamiliar with customs and protocols...let alone the language. Our lease arrangement and tenancy always felt like a set and forget arrangement adding to the extended holiday feel. Anand, our caretaker and his team were fantastic, we felt secure and well looked after for the duration. Nothing was ever a problem for Anand and his team. We will be returning in the medium term. We'll be sure to be back to real estate company to browse the properties you have on selection.2017, Anthony and Anne
Everything went well with the house on Cape Yamu and we will be moving in today. Just wanted to say many thanks again for your great help and efficiency in finding it- everybody is very happy!2017, Beatrice Boehmer and family
Very pleasant agent with excellent English skills, gave us attention and reassurance during our searches. Nothing was a problem, discussions and attentiveness even after the activities where complete. Above and beyond the expected service which was provided, these types of services give a good start to any re-location.2016, Andrew, England.
Great Service - real good understanding for an effective and fast solution on rental. The contract was made and explained on time and a good ambience between landlord and renter established right away. Thank You also for Your agents excellent english language skills and knowledge and education on aspects around rental.2016, Rudolf, Austria.
I thank you for well-done work. Your readiness to react to inquiries of the clients in no time and your professionalism are higher than any praises! Especially I would like to emphazise the work of my personal manager, whose invaluable assistance helped to close the deal in the shortest time. Everything was done quickly and perfectly! I thank you for perfectly performed work!2012, Yulia
Thank you for making our stay in Riga enjoyable. The apartment could not have been in a better location - making it easy to see many sights. I would definitely recommend it to friends travelling to Riga. many thanks!2009, Karen
The agent (Alina Pakalne) was efficient, motivated, and very professional. She was able to sell my property in two months at the best market price. She helped me and followed me thought all steps of sale, papers, bank, and notary.2014, Gianpietro Carretta