What are the documents required from the seller when selling real estate?
When selling real estate the seller needs to have the following documents:
a document for the ownership title of the real estate (a notary deed or another ownership document)
an identity verifying document (identity card, passport)
a tax assessment of the real estate (provided by the tax authorities)
a sketch of the property (in cases where the subject of the deal is an open site)
protocol on partition (in cases where the property has been partitioned)
certificate that the property is not claimed as municipal (only for deals regarding an open site; the certificate is issued by the "Municipal Property" department);
a certificate stating that the building has been developed in accordance with an approved architectural plan (necessary only in cases where development that is not included in the notary deed has been performed)
certificate of inheritors (required in cases of death of the person stated in the ownership document as the owner)
power of attorney (required in cases where the seller is unable to be present duding the organization and the contractual sale at the notary's office and has given a power of attorney to a third person)
other documents related to the specifics of the property, for example certificate of death, birth certificate, a document for divorce, marriage certificate, etc. in order to be sure that the set of documents is accurate and complete, use the services of a real estate agency.
What is a preliminary agreement and what is it needed for?
The preliminary agreement for sale and purchase of real estate is an agreement between the seller and the buyer. It contains the main elements of the final agreement (data about the seller and the buyer, data about the property, price, terms etc.). The preliminary agreement does not transfer the ownership title of the property. It is only a future obligation for concluding a final agreement, through which the ownership title of the property will be transferred.
It is obligatory for the preliminary agreement to be in writing. Upon its signing the buyer pays to the seller an earnest, usually amounting to of the property value..
Every intermediary agency is capable of drafting a preliminary agreement up to the legal requirements.