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Property can only be bought through a cash purchase given there are no mortgages available at the moment. |
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SECURE THE PROPERTY / PROPERTIES |
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1. Open a bank account upon arrival, this must be done in person(s), the only documentation required to open an account is your passport. |
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2. Transfer funds from your country of residence to Montenegro. It takes 3 - 5 days to transfer the funds and 3 days for the funds to clear, so allow minimum of 8 days before funds can be made available to draw on. |
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3. Obtain a verbal or if required structural survey.
a) An architect should will provide a comprehensive verbal quotation should the property require renovation or re-structuring free of charge. |
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4. Appoint a solicitor (lawyer) to secure the property. |
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5. Pay a deposit of approximately 10% and sign the preliminary contract. |
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6. This deposit and a preliminary contract certified by a solicitor will secure the property, until legal ownership is transferred from the vendor to the buyer through the court.
a) A solicitor will arrange and certify the preliminary contract, free of charge.
b) Furthermore, the company solicitor ensures all property and land titles have been registered and verified through legal process:
I. Justus titulus - The legal entitlement to the property
II. Modus aquirendi - The property has been registered with the Area Property Registry. |
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| Reference Code: |
Prcanj_26_a/e_V |
| Price: |
€180,000 |
| Location: |
Prcanj,Boka Kotorska |
| Bedrooms |
3 |
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