Buenos Aires Real Estate Guide - Buying process

Once the buyer verifies all the documents regarding the property he wants to buy do not present any problem, he must make an offer and pay a reservation sum to the real estate agency in order to declare his intention to buy the property. The property owner may accept or reject the offer or even counter-offer (generally, the owner sets a higher price in order to leave room for negotiation).

By paying the reservation sum, the real estate agency cannot offer nor show the property during the term the owner has to decide whether to accept or reject the offer, or to counter-offer. In case the parties do not reach an agreement as regards the price, the real estate agency must return the reservation sum to the buyer.

If the buyer works directly with the property owner, i.e. without a real estate agency as intermediary, it is not necessary to pay a reservation sum.

[Back to index]

In the same section:

Real Estate Buying Process

• Foreign Property Buyers: Preliminary Procedures

  Real estate transactions in Argentina are made in cash and in dollars. So, potential foreign buyers should consider this fact, since they will need cash to complete the transaction... [Read more]

• Buying Real Estate

  After finding the property, the buyer should ask the seller to show him the following documents regarding the property: * A photocopy of the Property Title... [Read more]

  • Offer and Reservation Sum << you are here

    Once the buyer verifies all the documents regarding the property he wants to buy do not present any problem, he must make an offer and pay a reservation sum to the real estate... [Read more]

  • Purchase Agreement

    If the parties reach an agreement, they may sign a purchase agreement, in which the property transfer date and the intervening escribano are indicated... [Read more]

  • Down Payment, Title Deeds, and Property Transfer

    Signing a purchase agreement is not an obligatory legal requirement to make the property purchase effective. In fact, the parties can directly sign the escritura... [Read more]

  • Escribano's Role

    An escribano is a public officer vested by the State with public faith, thus every act notarized by an escribano is authentic. Even though his functions are... [Read more]