The Buying Process

While ranks very high for both physical and intellectual property rights not only in Latin America but around the world. Foreigners are given the same rights as Chilean citizens* and the only thing you need in order to buy property in Chile as a non-citizen is an RUT number (a Chilean tax number), which you can get for free from any SII office throughout Chile (this process usually takes less than 30 minutes if you are fluent in Chilean Spanish).

The buying process in Chile is relatively straight forward in comparison to many other countries around the world, however, without a solid knowledge of Chilean Spanish and familiarity with the country, the process can become daunting.

The exact order of the following steps will vary from person to person but here is a quick cheat sheet.

  1. Identify the property you would like to purchase.

  2. Make an offer and negociate the terms for the sale.
  3. After you have established the terms and the price, you will need a Chilean attorney to complete the title search and draft the new documents. Normal lawyer fees for the entire process can be about 1% of the property price for larger properties or a set rate of about $800.**
  4. Now you should apply for your RUT number and card. The SII (Servicios Impuestos Internos) office in Santiago is located at Alonso Ovalle 680. All regions of Chile have numerous offices and you can find their address' at http://www.sii.cl/sobre_el_sii/oficinas/ofi.htm.
  5. If the title search goes well, you can set up a time your attorney, the seller, and possibly their attorney as well to sign all the documents. The signing of documents will take place at a notary. Notary fees for the new deed (escritura) are usually under 1% of selling price.
  6. After you have signed the deed (escritura), you will need to inscribe the title (inscripcion). The title is inscribed at a government office called the Conservador de Bienes Raices. In smaller towns, it is often times part of the notary office. The fee for the inscription is usually under 1% as well. This process can take anywhere from a few days up to a month. After the property has been inscribed, you are the official owner.

*There are some restrictions on foreigners purchasing property within close proximity to an international border. **There are many things that are included in this second step (however, most will be taken care of by your lawyer).

How We Can Help

You Purchase Your Property in Chile. We offer assistance with:
  • Lawyer services including title searches and Powers of Attorney
  • Translating Legal Documents
  • Subdivisions
  • Receiving funds in Chile
  • Soil Testing
  • Financial Consulting
  • Property Management
  • Getting a RUT number
For more information, send us an email at info@propertychile.com.