Real estate

Registering the purchase agreement is not mandatory. You can choose to do so. By registering the purchase agreement, the buyer is protected against risks such as bankruptcies and attachments.

Incidentally, registering the purchase agreement does involve costs. If you initially chose not to register the purchase agreement but you are unsure whether you should have, this can also be arranged on request.

The purchase agreement sets out the arrangements the seller and buyer have agreed regarding the sale. Think of the purchase price, the date of transfer and any conditions precedent.

The deed of transfer is drawn up by the notary and effects the legal transfer of ownership. After signing at the notary on the date of transfer, it is registered with the Land Registry. After registration with the Land Registry, you have officially become the owner of the home.

The notary may only pay out the funds once all documents have been correctly processed by the Land Registry. The average processing time at the Land Registry is two working days.