skype elitegroup.property
tel+7 495 178 01 45, + 7 911 770 58 15

How to buy Real Estate in Montenegro

The company Elite Group sells real estate in Montenegro, mainly new and pre-owned homes, commercial property and land. We develop business plans for the acquired land for construction and advise our clients with investments and all matters relating to the purchase and registration of real estate in Montenegro, as well as obtaining a residence permit, and helping with starting a new business.

Unfortunately, non-residents may not get a mortgage loan when acquiring real estate, but installment payments is the most common procedure. Buying real estate usually involves the following steps:

When a client chooses to purchase a real estate property, we help clarify the conditions for its acquisition, and check the legality of the documents.

Then a client makes a deposit (5-10% of the property value), and the parties conclude a preliminary contract.

The Landlord removes the property from the list of real estate objects for sale.

Finally, we help prepare the contract which is legally certified by the attorney. The contract is signed by both parties with the presence of a lawyer or a representative of the real estate agency which finalizes a deal between the buyer and seller. The seller signs a receipt, called Clausula intabulandi, which transfer the ownership title to its rightful owner.

Further, the contract is notarized in court. The bailiff shall later assess the acquired real estate object and determine the amount of tax (3% of the appraised value of the property).

After-tax documents are sent to the owner. Within one to six months the buyer receives the document which entitles him the ownership of the real estate in Montenegro.

* Preliminary contract - a preliminary letter of intent between the seller and buyer, which involves paying deposit. The contract describes the property, includes the amount of the deposit and the cost of the real estate, and the date of the main contact execution.

** The contract - a contract of sale of a real estate property It describes the property, its value and specifies the amount of the deposit, it also contains conditions and terms of payment. The contract is signed and certified in court in the Montenegrin language, usually within 15 minutes. It comes in six copies (two copies retained by the buyer and the seller, and the other two are kept for land registration.)

PRICE:
of
to
PRICE:
of
to
PRICE:
of
to
PRICE:
of
to