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How long will buying the property take? |
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It is impossible to give a single estimate as it will depend on the property and on the structure of the deal. What can however be said is that in a dynamic market deals tend to happen fairly quickly. One cause of delay can be the need to incorporate a Romanian company for use to own the property. Another cause of delay can be problems with the title to the property, particularly where the title to the property is not registered . Registration requires the preparation of cadastral documents for the property, which involves the measurement and surveying of the property and the preparation of a cadastral plan by an authorised expert. Trickier issues can arise where a property is being sold by intermediaries, particularly where they have assembled a plot for sale from a number of different original owners. In such circumstances more time needs to be taken to check the differing underlying titles. Intermediaries may also be less willing to take steps identified as being necessary to correct deficiencies identified in titles. Where cash is short and the property is not registered, sellers who are essentially intermediaries may not be keen to pay for an authorised cadastral expert to prepare the cadastral plan, or to pay the registration fee.
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Legal Aspects 
