1. Selecting a property.
2. After selecting a property, a reservation fee of 2,000 euros is paid - this amount is included in the cost of the property and remains with the developer. The property is removed from sale for up to 30 days, the price is fixed.
3. A preliminary contract is signed between the buyer and the developer. The preliminary purchase and sale agreement describes in detail the main terms and parameters of the transaction: location and full description of the property, price, forms and terms of payment, rights and obligations of the seller and buyer, penalties from both parties for fulfilling obligations and various additional terms by agreement.
4. Within 30 days after paying the reservation fee, the buyer must pay an amount of 30% to 50% of the total cost of the property, the percentage is determined by the developer depending on the terms and form of payment proposed by the buyer. (If the next payment is not received within 30 days after the reservation amount has been paid and the buyer does not enter into additional negotiations with the seller, the contract is considered terminated, the reservation amount remains with the seller as a penalty for unfulfilled obligations on the part of the buyer)
5. The next payments are made in accordance with the agreements between the seller and the buyer, specified in the preliminary agreement, they may be different. As a rule, an interest-free installment plan for one year or until the end of construction is possible. There are objects in which a longer installment plan of up to 2, 3, 5 years is possible. At the discretion of the developer, a long installment plan is not always interest-free. As a rule, individual contractual conditions apply.
6. Within the period established by the Preliminary Agreement, the parties to the transaction, personally or through an authorized person confirming their right with a notarized power of attorney, conclude a Property Agreement in the form of a Notarial Act. By the time this document is signed, all final settlements between the parties to the contract must be completed.
The notarial deed of transfer of ownership is signed by a notary.
The seller is obliged to prepare all relevant documents required for the notarial transaction.
After the buyer and seller sign the deed of sale, the notary certifies it with his signature and submits it to the district court. The judge makes changes to the state register, and a note is made in the notarial deed itself. Registration in the state register takes from 3 to 5 days, due to this procedure, the buyer receives a notarial deed not immediately after signing it with a notary, but after its registration in the state register.