Inconveniences of Selling Your House with Unregistered Extensions
Selling a house can be complicated. A key detail is making sure that any extension you have built is registered. If it is not, you may face several problems.
1. Lower Sales Value
Unregistered extensions are not included in the official value of the house. Therefore, the buyer will only pay for what is on the records. This can result in you receiving less money for your property.
2. Financing Difficulties
Banks do not usually approve mortgages for houses with unregistered extensions. This limits the buyer’s options and can make it more difficult to sell your house quickly.
3. Potential Fines
Depending on local laws, you could face fines. In fact, in some cases, you may be forced to tear down the unauthorized constructions. An example of this is a recent case where an owner was fined for not registering their extensions.
4. Delays in the Sale
When buyers discover that there are unregistered extensions, they will likely ask you to solve this problem before moving forward. Regularizing extensions can take time and delay the sale.
5. Buyer Distrust
Buyers usually want clear transactions. If they discover that you have not registered the extensions, they may lose confidence and withdraw their offer.
6. Legal Implications
Selling a house with unregistered modifications could bring you legal problems. Furthermore, the buyer could face difficulties in the future. It is important to resolve these issues before putting the property up for sale.
What Should You Do?
If you have unregistered extensions, it is best to legalize them before selling. A real estate expert lawyer can help you with this. At **Legal Help Services**, we can guide you through every step of the legal process.
You can find more relevant information about legal matters on our blog: https://www.legalhelpservices.es/blog/
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