Tip 1 - Check the ownership rights

This procedure is not only about verifying that the owner's name is identical to the seller's name. By checking the ownership rights, we are verifying that the ownership has a legal basis and that the procedure for acquiring ownership rights was in accordance with the laws

Tip 2 - Pay attention to the number and frequency of previous deals involving the real estate

Sometimes, you may find out that the ownership has been transferred too frequently from one owner to another. This may signal a risk, as it is not common for real estate to change owners every year or every month

Tip 3 - Take a closer look at the history of ownership rights

It is important to find out the legal basis for the seller's acquisition of the property. The real estate could have been purchased, or the ownership rights could have been acquired through inheritance or gifting. In such cases, your lawyer should provide an assessment of the related risks. If you choose to skip these checks, you should be aware of the risk of losing the ownership rights based on the outcome of court proceedings and possible demands from the previous owner

Tip 4 - Check the owner’s background

Here at our law firm, we check court registries, enforcement records, criminal records, financial statements, and even the seller's social media accounts to collect as much valuable data about the seller as possible, in order to confirm their credibility and background

Wish you the best of luck! Hope this information helps! We are always next to you in assisting you in Ukraine! Stan Batryn, Lions Lawyers, Managing Partner, Economy Law, Business Law, Litigation