If you are buying directly from a real estate developer and want to protect yourself from a dubious deal, follow our advice. Or contact us directly. Seainside cooperates only with reliable developers.
How to check a property in a new building
Does the builder have a construction permit in Georgia? There are two ways to check this – on your own or at the House of Justice. To check the data yourself, you should go to the platform of the National Agency of Public Registry www.napr.gov.ge (English version available). In this state agency all the information about new buildings in Georgia, secondary housing stock and other types of real estate is collected in electronic form.
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On this website, anyone can check the apartment or house they are interested in. To do this, you must enter the cadastral code of the property (to be provided by the seller). The search result will show the data of the current owner, the presence or absence of legal changes to the land, documents for legal construction, whether the apartment is not encumbered with a mortgage and other legal nuances. The same information can be obtained from the branches of the House of Justice.
The service costs 10 LARI (about $3). The document will be ready the next day after the request. Note that the statement is provided in Georgian, but it can be translated into English for an additional fee. It is ideal to check twice: at the selection stage and just before the purchase (to make sure that the data has not changed).
How to buy real estate
If everything is clear, you can proceed with the paperwork. The buyer and seller sign a document of sale, then the buyer pays for the purchase. You can pay either in cash or by bank transfer. Payment is accepted only in national currency – lari.
What else to check
Check with the developer about the deadline for commissioning. In practice, the final completion of construction rarely coincides with the deadline stated in the papers, but the deadline should not be delayed longer than a few months. For example, if the builder undertakes to deliver in September, then count on December. Verify whether the developer is a bona fide developer or not, you can by studying his past projects. The builder’s reputation is an important component of the deal. You can trust the professionals to save your time and nerves. The experienced Sea Inside managers will thoroughly check all the information on the property and will provide you with the detailed analysis of the transaction.
