Purchase of Real Estate in Macedonia

In the real estate world, property purchases can be one of the most important and life-important solutions. Whether you are a seller or buyer, entering this process requires good preparation and strategy. In addition, we will explore the main steps for successful purchase of property.

When do you need a Preliminary (pre-contract) for a purchase agreement?

With the Preliminary (pre-contract), the parties commit to the essential elements of the contract – the transfer of a specified real estate property and the payment of a specified price, while also agreeing on the deadline by which the main contract must be concluded. The preliminary contract for the sale of real estate is most commonly entered into when the buyer is obtaining a loan to pay the purchase price of the property. If there are no obstacles to fulfilling the contractual obligations on both sides, or if the condition of the preliminary contract has been met, the parties can proceed to conclude the main contract.

Procedure for concluding the Pre(agreement) and the Agreement

Proceedings for the conclusion of the Pre(agreement) for the purchase of real estate under the legal provisions must be concluded in writing. The details of the agreements should be carefully considered and compiled in order to avoid later problems that may cause you material damage, primarily additional stress and anxiety. A carefully drawn-up agreement or pre-contract is followed by a certification of them by a lawyer with stamps and signatures. The pre-contract is immediately certified notarially. While the final agreement is carried out in the local tax offices to determine the real estate sales tax. After the tax is paid, it is required to be certified in the competent notary. Once all procedures have been completed, the contract is submitted to be prosecuted in the real estate cadastre.