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Due Diligence In Georgia

Selling or buying real estate in Georgia is a more complex process than you might think. Among the equally important procedures that accompany buying and selling is the due diligence of real estate.

ReInvest’s real estate due diligence will prevent legal risks that could jeopardize your rights and interests in real estate.

What Does Real Estate Due Diligence Include?

 

The verification service includes the agency’s legal services. The purpose of the service is to help you buy and sell an apartment completely risk-free.

 

Title registration: at the initial stage, our lawyer checks the records of the public registry to establish the ownership of the property. After that, the risks will be assessed and finally the client’s right will be registered.

 

Determining Obstructive Factors: The lawyer will investigate the obstructive factors that may have a negative impact on the process, for example, mortgages, liens, easements, etc.

 

Checking contracts and documents: We check documents related to the transaction, such as purchase or sale agreements, deeds and leases.

 

ReInvest’s team of lawyers with many years of experience will conduct a legal study of the desired premises in the shortest time possible .

 

Our agency also offers legal services such as property appraisal, renting an apartment in Tbilisi , etc. In addition to legal services, you can take advantage of renovation services, property maintenance, surveying drawings, interior design services in Georgia, and more.

 

 

FAQ

 

What Does a Due Diligence Service Include?

 

Legal inspection includes the following legal processes: risk analysis, property registration, preparation and revision of documents, consultation, etc.

 

 

Why is Title Registration Verification Important in Real Estate Transactions?

 

Checking the title registration is a crucial procedure as it confirms the legal ownership of the property. At ReInvest, our lawyers thoroughly research public registry records to ensure that your rights as a buyer or seller are protected during the transaction process.

 

 

What Additional Services Does ReInvest provide?

 

ReInvest offers the following services related to real estate to its customers: property appraisal, buying and selling, renting and leasing, drawing up house plans and measurements, maintenance, renovation services, etc.

FAQ

Where to Invest for Maximum Returns?

Each city boasts unique investment prospects, and our expert team is here to provide tailored insights to guide your decision-making process.

Why Invest in Georgia?

Georgia’s real estate sector is experiencing unprecedented growth, fueled by rising tourism and migration trends. Property values in cities like Tbilisi and Batumi have surged by 30%, with rental prices skyrocketing by 250%.

Where to invest in Georgia? Tbilisi, Batumi, Bakuriani, Gudauri or other place?

We can say that each direction has its pros and cons. Tbilisi is a year-round in-demand location for tourists and expats and capital of Georgia. Batumi is in super high-demand in summer, but the rest of the year you should count only on expats (whose number seriously grow). Bakuriani and Gudauri are winter resorts, where biggest revenue you get in winter from tourists coming for skiing. However, Gudauri is more expensive in that period of year than Bakuriani, but Bakuriani is in demand in May-Sep periods as well, as many locals are taking their families there for clean and healing air, coming from pine trees.

What ROI will I get from owning a Georgian property?

Georgia is a country with developing economy and high political risks. Economies with similar conditions have high risks, and therefore high potential of returns. High inflow of tourists and war-related migrants are boiling real estate sector. To the latest data the real estate purchase prices in Tbilisi and Batumi increased on average by 30% within a year and the rental prices by 250%. ROIs predictions highly vary, but realistically – 10-13% in Batumi and 8-12% in Tbilisi.

Which district is preferred in Tbilisi?

For lovers of history and those who plan to rent out property to tourists in Tbilisi, we advise the districts of Sololaki, Abanotubani, Vera, Avlabari, Chugureti. Here you can live in an old Georgian house (which is 100-150 years old), walk every morning along the narrow streets, know everyone by sight. This is a special aesthetic, tourists want to feel this artistic atmosphere, but living there permanently, as a rule, gets boring after a while due to poor infrastructure. The most budget-friendly real estate options should be sought in the areas of Gldani, Isani and Samgori. Something in between – in Didube and Sanzona. We recommend to buyers of private villas to take a closer look at the areas of Didi Digomi and Tskneti, Kaklebi.

Can I register Property Ownership remotely?

Property Ownership can be registered remotely, through Power of Attorney

What are the documents required for property ownership registration?

Passport and purchase agreement which can be set up in accordance to the law by our lawyers.

How much is the property transfer tax in Georgia?

There is no property transfer tax in Georgia.

How long does it take to register a property ownership?

Registration of a property in Georgia is one of the fastest processes in the world. Right to ownership can be registered on a same day of application.

What benefits apart from investment returns do I get from owning a property in Georgia?

Owning a property appraised for more than USD100,000.00 is a criteria of getting Georgian residency permit. Appraisal of more than USD300,000.00 grants you 5-years residence permit which eventually becomes permanents residence permit.

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