Registration of a contract of sale - a prerequisite of legalizing real estate transactions

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The contract between the seller and the purchaser (sale and purchase) - a document confirming a deal with real estate and retaining the right to use the fact of the transfer from one owner to another.But to write and sign a treaty is not enough, it is necessary to check the contract of sale.

Registration of a contract of sale of real estate held in the judicial authorities (the Fed - the Federal Registration Service).But before we get to an agreement, it is necessary to collect the documents and draw up the treaty itself in three copies, one remains with the seller, the second - the buyer gets and the third copy is sent to the justice system.

The contract must contain information about the identity of the buyer and seller (passport data, registration data on place of residence);information about the real estate (location, size and other technical specifications and its cadastral number).The contract also required to specify the price at which a property for sale.The issue price has to be agreed separately, as in our country, it is normal to understate the value of property in the contract - it is beneficial to sellers who have to pay tax on the transaction.But it could backfire for the buyer who will be able to issue a tax deduction (back thirteen percent of transactions) and affect the size of the payment, if the transaction will be terminated in court.By agreement included another document, it is called an "act of transfer of the property."The act acknowledges the transmission and the lack of mutual claims.There are two ways of writing a contract: on their own and with the help of a lawyer, a specialist in real estate.Himself, of course, write less, but as practice shows, a reliable lawyer.This is followed by registration of the contract in the organs of the Federal Reserve.

Registration of a contract of sale takes place in a regional judicial body, where is real estate.There after the appointment sent to both parties of the transaction.Remember, not all the documents are signed by a lawyer (he only prepares them), and in the presence of the registrar of the transaction, only the signatures are legitimate.

Registration of a contract of sale is not possible without full documentation.It includes: Passport parties to the transaction;a document of title to real estate;cadastral passport of the object;extract from BTI;an extract from the door-card and house register;notarized consent of the spouses of participants of the transaction (if any).If you own equity, then there are all the owners, otherwise required authorization from the absent person;prepared but not signed;prepared by the act of transfer of ownership of the object.

Thus, registration of the contract of sale - it's a necessary procedure of legalizing the ownership of real estate.Without this procedure, the deal will be considered invalid.