Real estate re-registration as becoming the owner

01.11.2023

Re-registration of real estate in 2023

It is not enough to have an apartment to be considered its owner. The usual procedure for real estate re-registration will allow you not only to surrender, but also to be the owner. To whom, why and how much - after reading our article, these questions will no longer bother you.

For what reasons may you need to re-registrate real estate?

First of all, this pleasant process comes to mind, when with your blood savings you can afford to buy a long-awaited apartment or house. But signing a sales contract is far from the only situation in which you will need real estate re-registration.

Everyone loves gifts, especially if they boast 0% tax. A gift for an apartment, house or plot will be a great way to transfer your property to your closest relatives without additional financial costs and delays. Children and parents, brothers and sisters, husbands and wives can use this option.

The next option is related to relatives, but not in such a joyful way, when you need to register ownership. Inheritance of real estate occurs after the death of its owner or co-owner and can develop according to several scenarios:

  • ownership by will - having a will greatly simplifies both your life and the work of a notary, because the former owner of the property himself made the decision about who and what he can expect after his death
  • ownership by contract - elderly people who do not have relatives tend to sign a lifetime maintenance contract or an inheritance contract. Its essence is that the "good Samaritan" who takes care of his ward can count on considerable gratitude in the form of square meters
  • property rights according to the law - it is not always possible to prepare for separation from earthly life and draw up a will in advance. In this case, the degree of kinship is taken into account when determining the heirs.

The exchange can take place both between relatives and between the buyer and the seller. In the second case, re-registration may also be required if it is about assignment or sales. by a real estate investor before its commissioning. In a situation when relatives cease to be like that, when two hearts no longer beat in unison, and former feelings have long been covered by a crust of ice, property is divided between former spouses with or without the help of a court.

Closer to the point - we take a calculator and do the calculations

You should not shock your wallet with unexpected expenses. It is better to calculate all the points in advance, prepare and figure out which of the "non-free" services you really need.

Real estate re-registration requires complex costs:

  • services of a private or public notary
  • sales tax (can be divided in half or paid by one of the parties by prior agreement)
  • state duty in the amount of 1% of the real estate value (not charged when re-registration for a relative)
  • property assessment (from UAH 1)
  • fee for the services of the body to which you applied (real estate agency, notary, CPAU)

A property appraisal is far from always necessary, so it will be possible to save on it. You will have to spend more if it is a property in a prestigious and expensive area or a new residential complex with a high level of amenities. The difference between private and public notaries will also affect the final cost of re-registration. The services of the first will cost an average of $150, and cooperation with the second, although cheaper, may take a long time.

If you want to save 5 or a little thousand hryvnias on the services of a notary, you will have to immediately reject this idea. No half-certified receipts and sincere phrases in the spirit of "I swear to my mother" will not be able to become an alternative to the official re-registration of real estate. Only a notary has the right to make changes to the state register of Ukraine, thereby legally confirming that you are the owner of the real estate.

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