What you need to know when buying an apartment – that’s the question that torments all those who are burning up ideas to buy their own home. However, in such a situation it is necessary to give up ambitions, to be focused and responsible, to try to think over everything to the smallest detail, so that there are no incidents. Before each opens a choice: buying an apartment in a new building or on the secondary market.
Consider the advantages and disadvantages of both options to choose the most suitable. When the housing is purchased “with hands”, then it is necessary to check a number of documents. This is due to the fact that the apartment can be prescribed to third parties, which will cause a lot of trouble to the new owner. Asking what you need to know before buying, pay attention to such points as:
- Availability of an extract, foundation agreement, technical and cadastral passports;
- The absence of persons who are not registered in the apartment, but retain the right to reside with new owners (servicemen serving a term of punishment);
- The state of real estate – whether it is rented, not pledged or arrested.
To what you need to know before buying an apartment, includes information about redevelopment, if illegal changes were made, they will have to be issued to the new owner.
Additional information on buying an apartment
It is also necessary to clarify how the housing was acquired, if after the conclusion of an official marriage, then without the consent of both spouses for sale is indispensable. Otherwise, there is a chance that the transaction will be challenged in court, and the new owner will lose the apartment.
Buying an apartment in a new building is beneficial from this side because there are no problems with third parties entitled to the real estate. But the improvement of the premises will require considerable expenses and will take a lot of time. What you need to know when buying an apartment in the secondary market, except scrupulous verification of documents – repair still cannot be avoided. Sometimes finishing will take as much time and finance as buying a home from a builder.
Buying an apartment in a new building, a person cooperates with a private company, so you need legal advice. It is necessary to be convinced of the reliability of the builder, unless only if the organization is not authorized by the municipality. For this it is recommended:
- Visit already built houses;
- Ask whether the tenants are satisfied;
- Find the office of the organization and communicate with managers.
The more questions are asked, the less likely it is that the error will be committed. What you need to know when buying an apartment, so this is what points are mandatory in the contract. When signing a document, it is necessary to pay attention to the presence of:
- Addresses and characteristics of the housing;
- The period of the transfer to the buyer;
- Price and payment period;
- Methods for resolving force majeure situations.
Taking the certificate of ownership, take the apartment, carefully checking the premises. To allocate time follows for studying of a financial part of the transaction, specify payment methods, after all, purchase of habitation at the building organization is made by a bank transfer. When it is required to pay for the purchase in cash, the relevant documentation, for example, a cash receipt, must be taken.
Minimize risks by acquiring real estate from the hands
What do you need to know when buying an apartment in the secondary market? Do not have to wait until the house is built and put into operation. This is an advantage; the disadvantage is the collection of a large number of documents. Be sure to find confirmation that the seller is the real owner of the property.
Further defined with the type of property document, which is of several types, namely: a contract of sale, gift or exchange. There should not be any mistakes in it, but if a typo is allowed, then it is required to assure each page with the signatures of the buyer and the seller.
If the property was purchased on credit, then it is checked whether all debts are paid off. Buying an apartment in a new building has its own characteristics, which are not limited to the inspection of the internal premises. Therefore, it is recommended to contact the real estate agency, where they will conduct an audit of the legal purity of the transaction.
To avoid fraud, you do not have to rush to prepare papers, to study prices in the neighborhood. If the seller understates the value or does not produce all the documents, then it is necessary to be on the alert. Only with the utmost care and responsibility of buying an apartment in a new building or in the secondary market will bring joy. To do this, it is necessary to show perseverance and circumspection by concluding an agreement with the developer or with the owner of the property.
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