What Sberbank doesn’t talk about is electronic registration of a transaction when buying an apartment.

It's time to figure out what the pros and cons of electronic transaction registration with Sberbank are. What does the client get? Does it really save on costs? Can any transaction be registered in this way? The answers are in this article.

The purchase of real estate involves further registration of the transaction in Rosreestr. In this case, you need to come to the MFC (multifunctional center), get a coupon, stand in line, and provide documents. If any certificate is not enough, the procedure will have to start over.

In recent years, the Russian Government has been striving to transfer the provision of a significant part of government services to electronic format. The registration of ownership of apartments, cottages, land plots, etc. was no exception. It was decided to involve banking structures that issue mortgage loans, in particular, Sberbank, in cooperation.

What is electronic registration of transactions and property rights?

Electronic registration assumes that documents are submitted to Rosreestr not in person, but in a file format containing scans along with the application. But the buyer cannot send copies to any website on his own. The service is provided by banking institutions for a certain fee via secure communication channels.

The initiator of the introduction of the new service was Rosreestr itself. At a certain stage, it turned out that he did not have enough employees to accept and process applications. In order not to increase the staff, it was decided to switch to a fundamentally new form of document submission. Currently, Sberbank offers the most active use of electronic transaction registration services.

It is important to emphasize that the system is still operating in semi-test mode; the technology has not been fully developed. According to the assurances of official representatives of Rosreestr, the review and registration procedure takes no more than 1-5 days.

Attention, the client always has the right to refuse electronic registration of a transaction; this is not a mandatory procedure, and the documents can be submitted to the MFC. But often employees resort to coercion and intimidation in order to sell the service to Sberbank’s subsidiary, the Sberbank Real Estate Center (SRC). Clients also note that the manager puts psychological pressure in the conversation and plainly states that the final decision on the object has not yet been made, and the bank may refuse.

How long does electronic registration take?

Electronic registration of an agreement for the purchase and sale of residential real estate through Sberbank occurs in accordance with the requirements of Russian legislation and within the time limits established by law. According to Article 16 of Federal Law No. 218, which came into force in 2015, the transaction is registered:

• 7 working days – for entering information into Rosreestr about transactions of purchase and sale of primary housing, as well as when purchasing real estate on the secondary market without attracting credit funds;
• 5 working days – for secondary housing purchased with a mortgage.

Attention! Employees of the registration authority begin registration only after the state fee has been paid, the appropriate application and a complete package of accompanying documents have been submitted. Therefore, in order for the procedure to take place as quickly as possible, it is necessary to responsibly approach the process of collecting and preparing the necessary documents, which are transferred to the bank for their subsequent sending to Rosreestr.

If the transaction is concluded directly in the presence of the bank manager, then the documents for registration are prepared on the spot on the same day and sent by e-mail to the state registrar. The main thing is to thoroughly prepare for concluding an agreement on the purchase and sale of housing and have all the necessary papers (passports of the participants, consent of the spouses of each party to the transaction, documents for the property, etc.). Otherwise, the transaction may be refused, and the parties will have to collect the missing certificates.

In what situations is electronic registration of transactions beneficial?

In the modern world, people are increasingly buying real estate far from their permanent place of residence. Thus, a resident of Petropavlovsk-Kamchatsky can purchase an apartment in the Krasnodar Territory, hoping to move into it after retirement.

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Even if the procedure for selecting and checking square meters is entrusted to a realtor, the actual procedure for obtaining a mortgage loan and drawing up a purchase and sale agreement takes more than a month. Flying planes across the country is quite expensive. The buyer will spend half the cost of the loan on transportation costs alone.

In such situations, electronic registration of transactions offered by Sberbank comes to the rescue. The latter, according to Rosstat, issues at least 50% of all mortgage loans in the country. At the same time, the country's largest bank is investing significant amounts of money in the development of Internet banking. Accordingly, the choice of Sberbank as a partner in the implementation of a new government service was obvious.

Important: you can submit documents for registration at any bank branch, provided that there is access to a mortgage center.

Sberbank takes a commission from the client for the operation:

• from 5550 rubles if you buy an apartment in a building under construction;
• up to 10,250 rubles, if the housing has already been put into operation.

The exact cost must be clarified with the Sberbank manager. The indicated amount includes the cost of the bank’s services directly and the state duty paid when applying to Rosreestr.

It's time to evaluate the pros and cons of the new system.

Conditions under which documents can be submitted for electronic registration

There are not many conditions, but the need to comply with them is mandatory. Since only in this case the documents will be accepted and the client will receive title documents.

• existence of a purchase and sale agreement or DDU. Without it, no transaction will be considered valid;
• the participant in the transaction must be an individual. If documents are drawn up by a legal entity, the client will receive a refusal;
• the transaction is an integral part of the contract. If it is not carried out, then there can be no electronic registration either;
• a share in an apartment is registered only by applying to Rosreestr;
• if there are minors, an application to Rosreestr is also required;
• transactions by proxy are not carried out;
• military mortgage is not registered;
• The maximum number of sellers and buyers is 2 people; if more, the transaction will be refused.

If all conditions are met, the registration of documents will be successful.

Advantages of registering transactions in electronic format

For the recipient of the service, comfort, convenience, and speed of execution are always important. If we talk specifically about electronic registration, it is necessary to emphasize the following:

• There is no need to queue, wait to receive a number, or spend hours waiting at the MFC office.
• It is enough to provide the necessary documents to the bank branch and receive the result by email in PDF or XML format. An electronic digital signature certifying the authenticity of the certificate comes in a separate file with the SIG extension.
• You can submit documents to register ownership of real estate located not only in another city, but also in another region, time zone or federal district.
• A discount of 0.1% on the mortgage rate when registering the transaction electronically.

Service cost

The online mortgage registration service from Sberbank is paid. The cost of services ranges from 5.5 thousand rubles to 10 thousand 250 rubles. The final price can be obtained from the bank manager, since the cost is determined taking into account all the features of each specific transaction. The cost is also affected by the region and the type of housing purchased with a mortgage (primary or secondary).

When determining the cost, the bank also takes into account whether the client goes through a mortgage lending program with government support or not, and a host of other factors. This amount also includes the state duty, which the bank will pay before sending the documents to Rosreestr. Therefore, it is impossible to say the exact amount of how much the electronic transaction registration service will cost. You need to focus on average indicators and expect that you will have to pay 5-10 thousand rubles for everything.

For many clients this is a lot of money, but if you consider that in the case of electronic registration the bank reduces the interest rate on the loan by 0.1%, then with simple mathematical calculations this cost will more than pay off. You can use a mortgage calculator, which is freely available on the Sberbank website, and calculate whether it is profitable to pay for electronic registration of a transaction for the sake of a slight reduction in the interest rate. To calculate this, let’s take the rate for the “Purchase of Finished Housing” lending program.

Example. If you take out a mortgage of 1.5 million rubles for 15 years at 9.5%, the overpayment will be 1,319,625 rubles. In the case of electronic registration of ownership of the loaned object, the rate will be set at 9.4%, as a result of which the cost of the loan will be equal to RUB 1,303,245. Consequently, the overpayment of interest when registering a mortgage online will be less by 16,380 rubles. And this is twice as much as the average cost of bank services. You can refuse this service and submit documents to the registration authority yourself, but taking into account the above calculation, this is not only a waste of time, but also money.

But do not forget about the disadvantages:

• Not all types of transactions are currently registered via the Internet. If more than two sellers or two buyers are involved in the transaction (except for joint property of spouses), documents for registration will not be accepted.
• The owner does not receive paper documents. Only electronic copies with an electronic signature file are sent to him by e-mail. At the same time, the country has not yet developed the technology for working with documents that do not have a paper basis. An extract from the USRN is also sent by mail.
• It will not be possible to register a transaction via the Internet if a military mortgage is used as a contribution, if one of the participants is a minor, if we are talking about the purchase of not an entire apartment, but a room, a representative is involved under a notarized power of attorney. In the above situations, you will still have to meet with MFC employees in person.
• Registration via the Internet is also not provided if the buyer is a legal entity or a citizen of another state other than Russia. Also, documents will be refused if the previous owner of the apartment registered his ownership before 1998.

If your situation does not correspond to the cases described, electronic registration of a transaction with Sberbank will help you save free time for more important matters.

Registration procedure

Registration of a transaction via the Internet does not differ significantly from the standard procedure. The only thing that needs to be taken into account is the current restrictions and the procedure for carrying out the operation. Package of required documents

Documents required for registering a transaction include:

• Application in the prescribed form. The text expresses the applicant’s desire to carry out the operation through this service.
• A document on the basis of which the acquirer has the right to the object. This could be a purchase and sale agreement, or an equity participation agreement, which can also be registered through Sberbank.
• Mortgage agreement, if the property was purchased on credit.
• Consent of the spouse to carry out the transaction if the marriage is officially registered. The document is certified by a notary.
• Documents confirming the identities of the parties to the transaction. Passports are most often used, but if they are not available, then temporary certificates and other documents replacing them can be used.
• Certificate of ownership or extract from the Unified State Register of Real Estate.
• A document indicating the number of persons registered in a residential property.

Both original documents and copies are submitted. The originals are immediately returned to the owners; they are required only for verification.

Stages of registration Most of the actions are taken by the manager who supervises the transaction. In general, the procedure is carried out in the following order:

• Sign the purchase and sale agreement and contact the Sberbank branch, expressing a desire to complete the transaction electronically.
• Sign the proposed documents, which contain the conditions for the provision of the service.
• Documents will be sent via electronic communication channels to Rosreestr, after which registration is carried out.
• Wait until the procedure is completed, then receive the documents electronically by e-mail.

The registration period will be 1-7 days. Currently, Sberbank strives to minimize the time spent on the procedure, reducing it to 1 day.

If necessary, after completing registration, you can contact the MFC and order an extract from the Unified State Register on paper. This service is paid, the price will be about 400 rubles.

In the standard procedure, registering a transaction is a little more complicated. The parties need to contact Rosreestr or the MFC with an agreement, paid fees and a package of papers. Then you need to sign documents, receive a receipt, and appear again to issue a paper extract. In some cases, parties to a transaction are forced to repeatedly visit authorities to resolve current issues. Therefore, online registration is beneficial, especially when real estate is purchased in another region or city.

The electronic registration service allows you to reduce the duration of the operation and reduces the number of personal visits to government agencies and other structures. At a minimum, you won’t have to visit the bank separately to pay the fee.

Some problems associated with imperfect electronic document management

As mentioned earlier, when registering a transaction electronically with Sberbank, the buyer receives title documents for real estate in file format; there are no paper copies. In this regard, owners may encounter the following situations:

• When applying for a tax deduction, the Federal Tax Service requires a printed certificate of ownership. Especially for this case, the Federal Tax Service issued Letter No. BS-4-11/3812 dated March 9, 2016, ordering the acceptance of electronic documents on an equal basis with paper ones.

Additionally: in order not to waste time on explanations with employees of the regional tax office, documents for obtaining a tax deduction can be sent through your personal account on the department’s website.

• The Pension Fund refuses to issue maternity capital to repay part of the mortgage loan. The most difficult thing in such a situation is receiving an official refusal in writing. If Pension Fund employees have issued such a paper, it must be sent in scanned form to an email address. As practice shows, the problem very quickly ceases to be relevant.

What is given to the client?

Although the procedure is carried out remotely, the client receives documents confirming ownership of the property. After receiving the title documents, you do not need to have them certified by a notary. The documentation will be valid, therefore it allows you to dispose of the property at your own discretion.

The service was created by Rosreestr and Sberbank together. With its help, clients have the opportunity to skip many steps that previously had to be completed. And now Sberbank does almost everything on its own.

Documents required for electronic submission

Important: the service is intended not only for those who bought an apartment using a mortgage loan. Anyone who doesn't want to spend hours in queues can use it.

The following documents are submitted to the bank manager:

• Agreement for the sale and purchase of real estate or equity participation, if the apartment was purchased at the foundation pit stage.
• Consent of the spouse, if required by law.
• Application for registration. The new owner fills it out directly at the bank.

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If one of the submitted documents is in doubt, the registrar has the right to refuse acceptance.

Deadlines for processing documents

The maximum period set by the bank is 5 working days. This is the time during which a Sberbank employee receives all the necessary documents from the client, processes them and transfers them to Rosreestr employees for further processing. Once the documents are ready, the employee sends them via email to the client.

Please note: a bank employee has the right to refuse registration due to the lack of any necessary documents. Therefore, in case of refusal, you must be informed of the need to provide the bank with the missing documents.

Agreement templates for electronic registration

Etc. 1 DKP_mortgage ER_1 Seller+1 Buyer

Etc. 2 DKP_mortgage ER_1 Seller +2 Buyers (jointly owned)

Etc. 3 DKP_mortgage ER_2 Seller +1 Buyer

Etc. 4 DKP_mortgage ER_2 Seller +2 Buyer (jointly owned)

Etc. 5 DKP_mortgage ER_nedofin_1 Seller+1 Buyer UMO amendments

Etc. 6 DKP_mortgage ER_nedofin_1 Seller +2 Buyers (in joint ownership) UMO amendments

Etc. 7 DKP_mortgage ER_nedofin_2 Seller +1 Buyer UMO amendments

Etc. 8 DKP_mortgage ER_nedofin_2 Seller +2 Buyer (jointly owned) UMO amendments

Concept

Electronic registration of a transaction in Sberbank - what is it? To find out, you should familiarize yourself with the intricacies of the procedure. When purchasing real estate, the buyer must register the transaction. Previously, you had to visit Rosreestr, take a coupon and complete the procedure. Some banks offer online registration.

Thanks to this service, everything will be easier. Electronic registration of a transaction in Sberbank - what is it? This is a real estate registration procedure that involves submitting documentation via the Internet. An application for registration is also submitted in this way.

The idea for this service was proposed by Rosreestr. It simplifies the application procedure and significantly reduces the time frame. Now this procedure is most in demand at Sberbank. Now registration takes a day, according to representatives of Rosreestr, but, in fact, it so far lasts from 3 days to a month. In 2021, Sberbank plans to complete the procedure in a day.

How to check documents after registration

An extract from the Unified State Register is generated through the Rosreestr website. The submitted XML and SIG files are added to the site and then you can see the readable format of the statement. After electronic registration of the transaction in Sberbank, two documents will be sent to the mail of the seller and buyer. One with the extension .xml, the second - .sig.

To check and read these documents, you can go to the Rosreestr website using the link - https://rosreestr.gov.ru/wps/portal/cc_vizualisation

After adding files to the fields and text from the image, you need to click Check. An additional link will appear - Show in human-readable format. When you click on it, an electronic extract from the Unified State Register will appear.

You can then print the statement or save it in pdf format. To do this, click on “Print” at the top.

You can see more details on how this is done in the video below.

You can check the electronic signature on the government services website using the link - https://www.gosuslugi.ru/pgu/eds.

Paper is a thing of the past

The most important event for the development of digital mortgages was the emergence of an electronic mortgage in Russia (from July 1, 2018). Its implementation allows you to move the mortgage lending process completely online, from applying for a loan to purchasing a home. This innovation is especially important for the secondary market, where the share of transactions involving credit funds is 50-75 percent (depending on the region).

However, although mortgages are successfully spreading across the country, there are a lot of myths and misconceptions around it, especially in terms of innovation.

It would seem that the conditions for obtaining mortgage loans are becoming easier every year: banks and Rosreestr are actively developing electronic document management, which reduces transaction time, and even offer bonuses for using digital services. However, all the obvious advantages of digital progress in the real estate market often remain unappreciated, and bank clients draw up documents the old fashioned way - on paper.

The thing is that electronic document management, in a relatively short period of time since its inception, has become overgrown with myths and misconceptions. Mortgages expect the worst from him, but not at all speeding up and simplifying the transaction.

It is clear that not all types of mortgage transactions have gone electronic, and we cannot yet say that we issue mortgages exclusively digitally. But according to forecasts, this should become a reality in a few years. Today, operations that take the most time, such as registering real estate rights, have been digitalized. Financial institutions are actively promoting this service. Thus, Sberbank, with its internal service “Dom-Click”, even promises to reduce the rate for new residents who choose this type of registration. Actively uses digital document management and the unified development institute in the housing sector DOM.RF.

Electronic registration of rights has been implemented in Russia since 2015. And the myths about it are about the same as about other types of digital documents.

Myth one: it takes a long time. Perhaps it is the most common. However, today the cases of our clients, including banks, developers, real estate agencies, and p2p lending services, debunk it. On the contrary, electronic registration reduces the time required to complete a transaction.

First of all, labor-intensive operations for registering rights to real estate were transferred to digital format.

For example, in Raiffeisenbank, as a result of maximum automation of its interaction with Rosreestr using a special service, a minimum of time passes from submitting an application to receiving any output documents. An electronic agreement for participation in shared construction is registered on average in two and a half days, despite the fact that the period established by regulatory documents is five days, but in reality, with classic document flow through multifunctional processes, the process can last up to seven days or more.

Another myth is associated with fears that electronic registration of a transaction is difficult. As a rule, this misconception concerns electronic signatures. However, it can also be refuted today: there are services (for example, SmartDeal), where a signature is issued in just three minutes through a partner certification center, and to sign a document, the user only needs to enter a password on his phone. If the signature was issued earlier (for example, many legal entities have a signature on a USB token), then it can be reused in the service, thereby further reducing the time for completing a transaction.

There is a misconception that digital transactions are expensive. In fact, in most cases, issuing electronic documents will cost less than paper documents. If we are talking about a real estate agency, then issuing an electronic signature allows it to submit applications not from a legal entity by proxy, but directly from an individual, thanks to which you can get a 30 percent discount on the state fee and save on a notary.

There is also no need to worry that digital transactions are not reliable. From a legal point of view, a transaction when submitting documents for registration electronically is more consistent with the law than a transaction submitted for registration “on paper”. In addition, a guarantee of reliability is the fact that data on the right is stored in Rosreestr in electronic form.

Some believe that with electronic registration of a transaction there is a high probability of suspension of the registration process. Real estate buyers are wary of mistakes that an employee preparing electronic documents might make. But there are many mechanisms to prevent suspension: checking the address, cadastral number, electronic signatures, and so on. Some services allow you to quickly and freely submit additional documents if a suspension does occur.

According to Rosreestr, about 65 percent of all services, including mortgages, are provided in electronic format

You also shouldn’t be afraid of unexpected turns when completing a digital transaction. Electronic document management provides complete transparency. Participants in the transaction receive a Rosreestr number, which they can use to independently track the progress of its execution. Some are scared that the buyer does not have a single piece of paper with a stamp in his hands after the transaction. Yes, it doesn’t remain, but physical possession of the document is no longer a necessity. The MFC, tax and other authorities accept electronic documents from Rosreestr without any problems.

The fact that with electronic documents it is impossible to obtain a tax deduction, register and transfer a personal account is also a myth. In fact, all this can be done. This is guaranteed by at least two laws - “On state registration of rights to real estate and transactions with it” and “On the organization of the provision of state and municipal services”.

The share of mortgages in the total portfolio of consumer loans in the 1st half of 2021 accounted for 44 percent

Thanks to digital progress, we get a more advanced document flow that is protected from paper errors. The introduction of electronic registration reduces the time for registering rights to real estate and other processes, and with it, as expected, the material costs of servicing the loan. Experts call digital services a long-awaited tool that could lead to lower mortgage rates over time.

Today, almost all market players are mastering this tool, noting that electronic documents are a big step towards the digitalization of the mortgage transaction and the real estate market as a whole. Over time, they expect the emergence of new innovative products, such as blockchain technology.

Help "RG"

From January to May inclusive, more than half a million mortgage loans were issued in Russia. Their total amount has crossed the trillion ruble mark. Compared to the previous year, the number of loans issued increased by 60 percent.

According to Rosreestr, about 65 percent of all services, including mortgages, are provided by the agency in electronic format. In the first six months of 2021, 70.1 thousand transactions took place in the Moscow region alone, and about the same in Moscow. According to experts from the federal project “Electronic Transaction”, about 52 percent of all agreements in the project relate to the secondary housing market.

Finally

The first months of registering real estate transactions electronically showed that the system is convenient, that minor problems that arise are resolved, and the functionality offered is constantly expanding.

There is every reason to assume that soon any real estate transaction will be possible to register without visiting the MFC, and send documents directly to Rosreestr.

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Author:

Maria Yurievna Sokhan

Date of publication August 11, 2018 February 28, 2021

Rules for using the service

The electronic property registration service is not available to every citizen and not in all cases, and Sberbank puts forward a number of requirements:

• the transaction must only be direct;
• the parties to the agreement are individuals - citizens of the Russian Federation;
• a party to the agreement should not be a minor, as well as a person under guardianship or trusteeship;
• if a representative acts in the interests of one of the parties, a notarized power of attorney is required;
• the real estate object that is the subject of the contract and is in sole, joint or shared ownership is sold as a whole, as well as acquired;
• the service is not available when drawing up a loan agreement within the framework of the Military Mortgage program;
• participation of guarantors in the transaction is excluded;
• the property being sold should not be under an encumbrance, for example a mortgage;
• the service does not apply in transactions where there is a preliminary purchase and sale agreement;
• No more than 6 co-borrowers, 5 sellers and 6 buyers are allowed.

Advantages and disadvantages

To find out more detailed intricacies of the transaction, you should familiarize yourself with the pros and cons of electronic registration of the transaction in Sberbank. Although the procedure for purchasing real estate with a mortgage is complicated, registering housing via the Internet has the following advantages:

1. The owner and the premises are not always located in the same city. Previously, this was an obstacle to obtaining a mortgage. Now everything is simpler. You can perform electronic registration from any city.
2. There is no need to visit different organizations to draw up an agreement. You just need to contact a credit institution, submit documents remotely and wait for registration.
3. After the contracts are completed, completed documents are sent by email.
4. This procedure is beneficial for those who purchased housing on credit, as well as ordinary clients who paid cash for real estate.
5. Each client is provided with a manager who performs registration and also advises on various issues.
6. Clients can expect a rate reduction. On average, it is less by 0.1%.

But there are also disadvantages to electronic registration of a transaction with Sberbank:

1. The service is available only to citizens of the Russian Federation. If you do not have citizenship, the transaction cannot be processed and the entry into the Unified State Register will not be completed.
2. The client must be an adult and also have legal capacity.
3. If the previous owner purchased the property before 1998, then registration is carried out using generally accepted methods and in paper form.
4. When selling part of an apartment, you will not be able to use the service.
5. The documents will be in electronic form, which may cause difficulties in obtaining the necessary papers from government agencies.
6. High cost of service. It is different in each region, but usually amounts to 7-10 thousand rubles.

The procedure is simple. Considering the reviews, it has already become popular with customers. People value it for its reliability and comfort. Therefore, when purchasing real estate, you can safely use this procedure.