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You are at:Home»Economy»What you need to know when buying a country real estate

What you need to know when buying a country real estate

October 18, 2018

By purchasing a plot of land for development or a plot with a finished house, many of us are inclined to blindly trust sellers who are far from always honest and are ready to tell the whole truth about the site and its shortcomings. Of course, there are times when everything costs, however, when it comes to a considerable cost of the current areas, it is best to safe and apply for the transaction properly, observing all the formalities and receiving all the necessary documents in hand.

Attention should be paid to the fact whether the seller of real estate is the owner or owns real estate on the rights of donation. In the latter case, the buyer will not be able to dispose of real estate at his discretion (for example, he will not be able to sell it). Often you can meet scammers who sell at home for a false power of attorney. Any court recognizes such a transaction invalid, which means that the power of attorney should be checked by the notary. Many have probably heard that the principal can subsequently deny his involvement in writing a power of attorney. For greater confidence, you can meet this person and make sure that such a document was really drawn up correctly and the principal was aware of this.

The seller should have all the necessary documents, such as title documents for land, privatization documents. If there are buildings in the areas, then you should check the certificates of state registration of the facility, extracts from the house book and technical passport.

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