Buying a home? Get informed for your own protection!

The “Home Buyer’s Guide – Useful Information for Consumer Protection” has been launched as a practical and effective resource designed to help you make informed decisions when taking one of the most important steps in your life.

Developed as a result of the partnership between the National Authority for Consumer Protection and the National Union of Notaries Public of Romania, the guide provides essential information on:

• The role of the notary public in ensuring the legality and security of the transaction concluded between the parties;

• The legal steps involved in purchasing a property;

• Crucial aspects to be considered before signing any contracts: the need for the notary public to verify the seller’s ownership rights over the property; the buyer’s careful review of the preliminary agreement, including clauses concerning the price and payment method; the buyer’s rights and guarantees; buyer protection clauses; transaction costs and associated expenses; and the buyer’s accurate identification of the property being purchased;

• Mandatory formalities aimed at protecting the buyer after the transaction has been completed.

The guide was funded by the Romanian Association of Real Estate Developers.