In Montenegro, changed the order of sale and purchase transactions

In Montenegro, has changed the procedure of signing contracts of sale of real estate. All contracts should be signed only in the state notary's offices in the presence of an authorized notary, translator, and in the presence of pure documentation (the list of documents necessary to specify for each item separately). With clean documentation signing procedure can take up to four business days. List of authorized notaries was published in the media (in each city). Now the order of the transaction c estate in Montenegro is as follows: 1. The component of the sales contract. 2. going package of documents (contract on the Montenegrin (Russian) language, property sheet, a copy of the plan or the DUP or other approvals, depending on the object). 3. invite interpreters. 4. Appointed time at the notary to read the contract. 5. After the first visit (read the contract) appointed time and date of signing the contract. 6. Depending on the value of the object has changed the tariff rate on the design - a fixed rate, depends on the price of the object. "Legislation of Montenegro in the real estate sector is in line with European standards. The amendments to the procedure of signing contracts of sale of real estate are tightening the requirements for the documentation provided by the vendor, which makes the acquisition of real estate more secure and reliable. All contracts should be signed only in the state notary's offices in the presence of an authorized naotariusa, translation, as well as the presence of a package of documents. For the buyer the cost of design changes (There is a special scale, depending on the declared value of the property) and the time of the transaction, if the buyer wish to personally attend the signing of the contract. The first time can be a hitch due to the lack of accredited translators and notaries inexperience in conducting such transactions. However, in the long term it will be an excellent mechanism to protect foreign buyer, "- says an independent expert on foreign real estate Nina Volkova. HomesOverseas.ru