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Romania property Just like Romania’s overall economy the Romanian property market continues to move in a very positive direction. Join our Romania property forum to discuss all issues to do with real estate investment in Romania such as; accession into the EU, economic growth, falling inflation and falling interest rates.

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  #1  
Old 14-06-2008, 05:28 PM
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Join Date: Apr 2008
Posts: 3
Default Selling options

I would appreciate the views of members regarding my Onix property on Greenfields.
Due to circumstances beyond my control it has become clear I need to consider selling this property.
Presently I have paid the initial deposit with the balance to follow I believe around November.
Other than recouping my deposit from a buyer, what paperwork would I need to complete to transfer the property to another party.
More importantly have the properties in Bucharest increased in value, would this sale be attractive to a potential buyer? baring in mind I'm happy to break even.
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Old 15-06-2008, 11:29 AM
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Join Date: Oct 2007
Posts: 182
Default Selling in Romania

Dear Thundercat.

The paperwork you will need to sell the property will be to do out a power of attorney for someone to sell the property in your name. Ensure there is a condition on it that buyer transfers money for purchase direct to your bank account and this way there is no issue over the transfer of money. If you wish we can arrange the sale of this and seek a re-assignment agreement from the developer for you to dispose of the property. Feel free to contact us by e mail or telephone between 6 am and 4pm Monday-Friday


David Howe LLB. LLM


INVESTMENT ROMANIA - Investment in Romanaia, Property management, Due diligence, Renting in Romania




Quote:
Originally Posted by THUNDERCAT View Post
I would appreciate the views of members regarding my Onix property on Greenfields.
Due to circumstances beyond my control it has become clear I need to consider selling this property.
Presently I have paid the initial deposit with the balance to follow I believe around November.
Other than recouping my deposit from a buyer, what paperwork would I need to complete to transfer the property to another party.
More importantly have the properties in Bucharest increased in value, would this sale be attractive to a potential buyer? baring in mind I'm happy to break even.
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