Such an expensive purchase as real estate should be prepared seriously
The procedure for buying real estate in Ukraine is regulated by the current norms of the Civil Code. How to safely purchase an apartment or a country house – read in our article.
Sequence of actions
After the buyer selects suitable housing, the property sale procedure is initiated. For any real estate, a transaction is formalized, a contract is signed, and then settlement is carried out on terms agreed by the parties. The procedure includes the following stages.
First, a package of documents is prepared with further verification. The analysis is conducted by a notary office – the parties to the transaction must carefully familiarize themselves with the provisions specified in the documents.
Next, a preliminary contract is drawn up. Here it is important to pay attention to the correctness of filling out the document, to ensure that all figures, initials and other information are indicated correctly. Statements are drawn up from other persons who may have a property claim.
The next stage is the payment of fees and taxes provided for by the current norms of legislation. In this case, useful information can be obtained from real estate market specialists or a notary.
The penultimate stage is the financial settlement of the parties. As a rule, the optimal option for buyers and sellers is to open a bank account. The new owner transfers the full amount to the seller's account. A settlement option in a notary office is possible, but it is not suitable here. The reason is the effect of restrictions introduced by legislation – the transaction amount should not exceed 150 thousand hryvnias, which is impossible under market prices for apartments.
At the final stage, the main contract is certified by a notary. This procedure is carried out after the transfer of funds to the seller using the method agreed upon earlier.
How does a non-resident complete a transaction?
Foreign nationals are given the opportunity to complete a transaction if they are 18 years of age or older. The main condition is the legality of stay in the country. This can be evidenced by a package of migration documents issued after crossing the border.
The sequence of actions is identical to that described above. But practice shows that buyers prefer to use the services of intermediaries, as foreign citizens do not always speak business Ukrainian.