Mandato Especial to Buy Land

A common occurrence…

We have a buyer client who just finished a week of property inspections.  They want to buy their favorite piece of land.  We’ve got 24 hours before they leave Chile and we´re working through applications and disclosures,  powers of representation, coming and going from notaries… trying to do everything we can to streamline the process after the client´s departure — so that they don´t need to end up in a Chilean foreign consulate back home ( “the hard way” requiring extra official stamps, scrutiny, expenses, delays).   A common poder in this case is a Mandato Especial.  This “Special Mandate” is a “limited power of attorney”.   Understood well,  the buyer (or seller) is assured of exactly what they are signing and what rights and powers they are giving and not giving.   Not understood well, or without a lot of time to calmly read/ translate / reflect… it can be a sudden discomfort, or worse.  You may or may not have the stomach for “signing over a million dollars” to an attorney you only just met (or to a friend for that matter).  The desire to reduce that potential shock is what drives this article.

Real Estate Appraisal in Chile

Information on real estate appraisal in Chile will be compiled and translated here.  Original links and documents also maintained. Improvements and additions to translated portions will be made over time.

Essentially, as a small library on the subject, and to cummarize and share comments.

When I first looked for information on the subject of Chilean appraisals (tasaciones) of real estate – the information was hard to find, and very narrow or subjective.  So it´s been on our list to cover.       Recently, others have published some good articles on the subject in English. So that makes it easy to play librarian rather than commentator.

We have found the appraisal business in Chile to be more transparent than it was rumored to be.  And we´ve had little trouble in dealing with appraisers, nor with potential conflicts, nor understanding the difference in the types of appraisals of land in Chile (or for any real property appraisals).  What follows of this article will be free of opinion  >>  only translated documents on the subject.  Enjoy.