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You are at:Home»Business»How to draw up a contract and buy and sell real estate

How to draw up a contract and buy and sell real estate

July 12, 2019

The decision to purchase housing is one of the most important in human life. In order to make the correctly registration of the sale of real estate, you need to know and take into account the relevant regulations and laws.

The contract of sale is necessarily drawn up in accordance with the Civil Code (provisions on the sale and sale transactions). The document must determine the subject of the transaction (real estate object), its price, the calculation procedure, obligations of participants in the transaction (extract of previous residents, the procedure for transferring the property, etc.), the liability of the participants in the transaction in case of non -compliance with the terms of the contract.

Registration of sale of real estate

The registration of the sale of real estate is carried out using a document that should be notarized and registered in the state register. The new owner enters into real estate ownership from the date of entry in the state. registry.

Before signing the contract, it is necessary to check whether the seller has the right to conclude a transaction, for this it is necessary to check the documents proving property rights and whether there is registration in BTI. If the owner of the housing is marriage, it is necessary to find out whether real estate is common and whether the spouse’s consent is necessary in writing and certified by a notary, for civil marriage, this document is also necessary.

Also, if there are minor children, permission is necessary from a state body engaged in compliance with the rights of minors.

In addition, if there was a redevelopment in housing, then the registration of the sale of real estate must be carried out only when the appropriate changes to the passport for the apartment or house.

We must not forget about the need to check if there are tenants in this housing, otherwise this may create additional delays in the design of the purchase of real estate.

Finally, it is necessary to demand certificates issued by utilities from the seller that there is no debt for all types of services for services that are in the housing sold.

To make a transaction with the least risks, most often sellers and buyers trust the collection of the necessary documents, design and other bureaucratic delays to professional realtors or real estate agencies. Of course, this service is far from free, but often spent and nerves are more expensive.

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