Frequently Asked Questions – Real Estate Purchase

To prepare the contract, we generally need the following information from the parties:

• For Individuals: Full name, name at birth, place and date of birth, mother’s name, permanent address, tax identification number, and identity card number.
• For Companies: Company name, registered seat, tax number, registration number, and the name of the legal representative.

Additionally, we need to know if there are any mortgages or encumbrances on the property, and if any third parties have rights of first refusal. Our law office will obtain the up-to-date land registry title deed (tulajdoni lap).

Please bring the following original documents to the personal meeting:

• Valid identification document (ID card, passport, or driving license).
• Tax card.
• Address card.

If you are representing a company, please provide a fresh specimen of signature (aláírási címpéldány). The seller must also provide the Energy Performance Certificate (Energetikai tanúsítvány) number.

The length of a real estate purchase process depends on several factors (e.g., mortgage administration, subsidies), but in general, the following schedule can be expected:

• Contract Preparation: 1-3 business days from receiving the data.
• Land Registry Marginal Note: Within 1 business day after submission.
• Mortgage Administration: Usually 4-8 weeks.
• Title Registration: 30-60 days (or 30 days for expedited procedure) after full payment and submission of the registration permit.

Our office strives for the fastest possible administration; we can prepare the draft within 24 hours.

Our Related Service:
Real Estate Purchase Agreement

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