What You Need To Know When Buying Property In Slovenia

Buying a home in Slovenia can be one of the best choices you can ever make. You do not have to worry, because you can purchase as many properties as you can without any restriction. There are certain steps that you need to go through because they are associated with the acquisition of land, which is applicable to every foreign citizen. Therefore, if you want a luxurious property in Slovenia property, make sure you consider the following details so that you may know all the requirements.

1. The simplicity of acquiring property

Thanks to the reciprocal basis, foreigners can now find it simple to purchase properties in Slovenia.

If a non-citizen attempts to purchase properties, he or she will need the following requirements:

  • A statement, which shows the reason for buying the properties.

  • Documents that have been granted by the Mapping authority

  • Papers that the government payment has been cleared.

  • Certified passport.

2. The procedures involved in buying

  • Before any buyer purchases properties, he or she should get the tax number from a local authority. This may be a maximum of three days to acquire the number. If you are working with an estate agent, he or she should be registered, licensed, and passed various tutorials.

  • The agent should communicate with the sellers and present the offer that the buyer has. In case the proposal goes through, the realtor may need to organize an introductory contract. Deposit of 10% should be made before the involved parties sign the contract.

  • The land registrar conducts what is called the title search. Modern systems are used to accomplish the process in two days. It does not matter who will carry out the procedure; all that matters is for you to present all the papers to avoid the unnecessary delays.

  • The agent has to prepare a final copy, which will show that the land administrator approved the process.

  • Once everything is under control, the seller and the buyer will need to put signatures in the final contract. At this point, the buyer will need to clear all the balance. It usually takes around 64 days for these five steps to come to completion.

3. The costs involved in the transactions

The procedures will cost you some money. The costs may include the lawyer’s fee, registration fees, notary’s fee, and buying fees among others.

More details about the fees are elaborated below.

  • Notary fees – Signatures involved in the contract have to be certified by the public notary. The two parties will make notary payments.

  • Agent fee – Government controls this kind of payment. Normally, the seller and buyer will agree to split the bill into two.

  • Registration fee – This kind of fee includes translation and land registry payments. The cost is not much; it does not go beyond 0.50%.

The decision of buying any property is not something that you should think overnight. It may be something that you need to think carefully so that you can make a wise decision. It may be necessary to ask for help from your friends or family. They will offer you the best advice, and if not, consider the above details, but remember to research thoroughly for reassurance. With that, you will always be happy with making the right choice.