Practical guide
How to buy a new apartment in Sibiu
1. Choosing the apartment and reserving it
You choose the type, floor and orientation according to your needs. At BellResidence, building C3 has five types: Studio, Studio Plus (with a separate sleeping area), 2-room, 3-room and Penthouse — the price and availability of every apartment are public on the Availability page. The chosen apartment is locked for you through the pre-contract, at the agreed price; until the pre-contract, a short-term reservation can be discussed by phone.
2. The pre-contract and the down payment
A pre-sale (promissory) contract is signed, fixing the price, the area, the handover date and the terms. On signing, the minimum down payment of 5% of the apartment price is made — a fixed rule, the same for all apartments; you may pay more if you wish.
3. Financing
You can buy with your own funds, with a mortgage loan or a combination of the two. The bank appraises the apartment and your income, then approves the loan; the required own contribution and lending terms are set by each bank — Bell Residence does not guarantee financing approval. You do not need the bank's full own contribution right now: you can top it up until handover. The prices shown already include VAT (21%) — no additional VAT is added; the parking space is not included in the price.
4. Payments until handover
The price is a single one, regardless of the payment method — no price reduction for full payment. After the minimum down payment of 5%, the difference up to a maximum of 25% of the price can be paid until handover: interest-free, directly to the developer, with no fixed number of instalments. The balance is paid at handover, from own funds and/or a mortgage. The agreed schedule is written into the pre-contract.
5. Handover of the apartment
At completion, you inspect the apartment together with the developer and sign a handover report. Any remarks are recorded in the report for remedial work.
6. The sale-purchase contract and the land-registry entry
The transfer of ownership is done through a notarised sale contract. The land-registry entry in the Land Book (Cartea Funciară) is then carried out. Notary and land-registry costs are usually borne by the buyer.
Costs to factor in
- Notary fee and land-registry charges
- Bank fee and appraisal costs (if you take a loan)
- The parking space is not included in the price and is not sold — it is available separately, by rental/subscription (a guaranteed, managed, cleaned and maintained space within the development)
The information is general and may vary according to the legislation in force. The exact terms are set in the pre-sale contract and in the sale-purchase contract.
Frequently asked questions
Questions about the buying process
What are the steps to buy a new apartment?
Choosing the apartment, signing the pre-contract with the minimum down payment of 5%, arranging financing (mortgage and/or own funds), the payments you choose to make until handover, the balance at handover, the handover inspection and the notarised sale contract with land-registry entry.
What is the pre-sale (promissory) contract?
It is the sale-purchase promise that fixes the price, area, handover date and conditions, signed before the final contract. On signing, the minimum down payment of 5% of the apartment price is made.
What VAT applies to a new apartment?
The applicable VAT rate is 21% and it is already included in the displayed prices. No additional VAT is added to the quoted price.