The process to buy or sell a property

• Author: Ovcak Kos, Maja
• Pages: 23-30

Consum er mar ket stud y on the fun ctio ning of the r eal estate servi ces for consum ers in the EU – Coun try Fiche Sloven ia

23

5. The process to buy or sell a property

5.1 Main st eps in t he transaction process to buy or sell a pr oper ty

Ta ble 9: M ai n st ep s of th e p roc ess t o buy or se ll a pr opert y

Ma in st ep s

Ma in f unct ion

Applicab le

Na ti ona l sp eci fici tie s/ a ddit ion al fun cti ons/ m ain act or s

Est ate age nt ser vice s

Mat ching th e par ties

Yes

Ind ivid ual prop rieti es ar e usually mar ket ed onl ine; m ost pur chase rs g ener ally

rely on onli ne agen cies for sear chin g fo r pr opert y.

Alt er nat ive mat ching

de vice s

Mat ching th e par ties

Yes

Perso nal cont acts, news paper ad vert isem ent or online advert isem ent .

Pr elim ina ry cont ra ct

Secu rin g the t ransact ion bef ore

th e f inal cont ract is concl uded .

Yes

The p reli min ary cont ract is u sed i n pa rti cular when an ob stacle still need s to

be over com e before t he main con tra ct m ay be con cluded; t he pr elim inary

contr act has t o ha ve all the essent ial com ponent s of the m ain contract; t he

main cont ract has to be conclu ded within 6 mont hs f rom th e deadli ne for t he

conclusion of the prelim inar y con tract.

Pr elim ina ry chec ks

( lan d r eg ister ,

ad mi nist ra tive

pe rm i t s)

Ensur ing t hat t he buy er k nows

all legal obligati ons an d rel evant

featur es rel ated to the p roper ty.

Yes

A r eal estat e agent (i f engag ed), an advo cate, a n otar y; each ind icate d

pr ofession als can ind ependen tly perf orm th e t ask.

Dr aftin g t he sa les

con tr act an d/ o r d eed

of con vey an ce

Sum marisin g the agreem ent of

th e pa rti es

Yes

An advocat e, a not ary, a r eal estat e agent , som etim es also part ies by

th emselv es; each in dicat ed pr ofession als can ind ependen tly perf orm th e

task.

The sa les co ntr acts has t o be in wr itin g.

Lega l a dvice or

cou nse ll in g

Ensur ing t hat t he t ransa ction is

valid an d that the part ies kn ow

abo ut th eir righ ts a nd d uties.

usual

An advo cate, some tim es also a not ary; each indicat ed p rofe ssionals can

in depen dentl y perform t he t ask.

Cer tification of

sig natur es

Ensur ing t he v alidity of the

agreem ent

Yes

Onl y not arie s can v erif y t he sig natur e wit h t he r espect t o t he l and regist er

per mi ssion, issued by th e ow ner of the real est ate or the ot her ri ght in r em,

wh ich is mandat ory .

The land register permissi on can also b e in clude d in a sepa rat e do cument

instead of th e sales con tract.

Con tra ct ex ecu tio n

( tr ansfe r o f p aym en t)

Execu tin g the cont ract ( and

securi ng t hat bot h part ies

per for m t hei r ob ligat ions)

Yes

Parties th emselv es, b ank, nota ry i n case of fidu ciary account; usu ally, all

per for m t he task .