"With Hvar Estates, our guidance, advice and expert team of industry professionals will ensure your investment is a simple and straightforward process..."

Your Hvar Property Purchase Agreement

Whichever route you take the most common form of purchase agreement is a pre-contract or reservation agreement and then a main purchase contract. A pre-contract or reservation agreement is an option to purchase the Croatian real estate at an agreed price on a specified date in the future, agreed by both the seller and the buyer. This contract is legally binding, but there is an unusual rule in Croatia whereby a seller can get out of the pre-contract by returning double the deposit to the buyer.

This scenario is possible, especially in a rapidly rising market where the seller can find a new buyer who will pay an increased purchase price that is higher than double the original buyers deposit. However, it is highly unlikely so long as you complete within a reasonable amount of time (no longer than 3 months) or you pay in full

The inland village of Pitve

Before any agreement is signed between both parties our lawyer and/or in conjunction with our clients lawyer will check that the ownership of title is clean. In simple terms that means that the person or persons selling the real estate are the only owners of that real estate and therefore have the right to sell it. The lawyer will also check that the vendor has paid all outstanding debt or taxes owed on the real estate.

Once the final purchase contract has been agreed and is ready to complete, you will need to ensure you have sufficient funds available in Croatia before signing the contract.

View of the square in Hvar town

If the Hvar property purchase is an existing structure, on signing a pre-contract, the buyer will pay a deposit, normally 10% of the total purchase price and agree a completion date, normally one month from the date of the signing of pre-contract. On this date a final main purchase contract is drawn up, signed by both parties in front of a notary and the outstanding balance paid.

If you are purchasing a new build property and are therefore buying off-plan on Hvar, you will sign the reservation agreement and pay a fixed deposit. The main purchase contract will then be drawn up and will include a number of strategic payments, usually a percentage of the total purchase price, payable on completion of key building phases.

Children relaxing infront of a stone house

Location:

Type:

Price from:

Sort by:

Code:

View all property Hvar

Your Hvar Property Purchase Agreement

Subscription