Buying Real Estate Remotely — Key Risks and How to Avoid Them
Buying property remotely is an excellent way to preserve or grow your capital, especially if you live abroad.
However, this approach has its own specifics and potential risks.
Below are the five most common problems buyers face — and tested ways to avoid them.
1. Fraud with Ownership Rights
Problem: Forged documents, fake owners, or attempts to sell the same property twice.
How to avoid:
- Request an EGRN extract (Unified State Register of Real Estate) right before the transaction;
- Check the chain of ownership transfers;
- Involve a notary and/or a qualified lawyer.
2. Invalid or Outdated Powers of Attorney
Problem: Transactions made using expired powers of attorney or documents exceeding the representative’s authority.
How to avoid:
- Verify the validity period and scope of the power of attorney;
- Request a notarized copy with an apostille (for powers of attorney issued abroad);
- Check the principal’s details through official registries.
3. Hidden Encumbrances and Debts
Problem: Arrests, mortgages, easements, or utility debts.
How to avoid:
- Obtain a recent EGRN extract;
- Request certificates from the property management company, Rosreestr, and FSSP (Bailiff Service);
- Hire a lawyer for a comprehensive legal check.
4. Currency Fluctuations and Payment Issues
Problem: Exchange rate volatility, bank delays, or payment refusals.
How to avoid:
- Carry out settlements in rubles via a trusted representative;
- Include a financial reserve in your budget;
- Consult with your bank in advance regarding international transfers.
5. Mistakes During Property Registration
Problem: Rejected documents, return from Rosreestr, or incomplete registration.
How to avoid:
- Properly prepare the power of attorney and sales contract;
- Conduct the transaction before a notary;
- Track registration status via Gosuslugi or through your representative.
How to Minimize Risks When Buying Remotely
- Engage a professional real estate lawyer for full support;
- Review every document before signing;
- Make payments officially and with confirmation;
- Use a properly executed power of attorney;
- Conclude and register the deal through a notary and Rosreestr.
Need Help Buying Property in Russia Safely?
We provide turnkey remote transaction services: document verification, power of attorney preparation, legal due diligence, and registration of ownership in your name.
Buying real estate in Russia is safe — even if you are abroad.
Office in Russia (Moscow): +7 (967) 007‑49‑77
Office in Canada (Toronto): +1 647 478‑4290
