How to properly buy an apartment on the secondary market?

The acquisition of secondary living space contains significant risks - you can come across fraud of the owner or mediator, buy a living space with weight or debt for utilities, lose money when transferred to the seller. Most trouble can only be prevented by carefully checking the documents for real estate and the owner.

The buyer's action plan

Secondary real estate market is represented by apartments, belonging to citizens. It means, that each object has a long history of previous owners, hidden or existing encumbrances, Many other problems. The agreement itself is carried out in the following order:

• Decision for what expense will be bought real estate (Own accumulation, mortgage or consumer credit);
• Searching for a suitable one is on - on your own, through the mediator;
• Studying the legal nuances of an agreement, the goodness of the homeowner and his representative;
• Discussion of the terms of the future agreement with the owner or his representative;
• Preparing an official contract of acquisition of property, reconciliation with a financial institution (When buying a home by bank funds);
• Settlements between the parties to the agreement (If the seller and buyer have not agreed on the transfer of funds after registration of the contract);
• Submission of documentation for registration in the State Register;
• Obtaining an officially registered contract and statement, which confirms the transition of property rights;
• Solving the issues to transmit keys, extracts of all registered residents and release of housing.

Natural, This is just an approximate action plan, which often includes many additional steps. Various troubles can occur at each stage, identify that can only be done with thorough verification of documentation.

Preparing for Operation by Buyer

Before buying an apartment in the secondary market, The buyer needs to decide on the following moments:

• What kind of apartment he wants to buy in the secondary market (location, Number of rooms, Total and living space, superficiality, series and type of house);
• The maximum price is possible, what will the buyer be paid;
• Sources of financing of the agreement (in particular, need to receive in advance the approval of the mortgage lending through the bank, not to face the refusal after choosing the final version);
• The composition of persons, which are involved in the BUSINESS SIG (the apartment can be purchased in personal property, or on the right of joint or unit possession);
• Other moments, that influence the order of implementation of the agreement.

You also need to make sure, that the buyer's personal documents are ready for the agreement. Example, If you do not exchange your passport after reaching 20 or 45 years, It cannot be used to confirm a person. Therefore, it is better to replace the passport before choosing an apartment variant and agreeing the terms of the agreement.

Finding options

You can find an option you can accidentally - on the recommendation of friends or acquaintances, Seeing ads in a free newspaper. However, in most cases, the choice should be made from many offers in the secondary market:

• through a database of real estate agency or private realtor;
• Through online services on the Internet;
• through a representative, to whom such powers have been given.

The search for real estate agency can be preliminary checking documents for an apartment by realtors. However, realtors usually choose the option also through the Internet resources, therefore the need for their services is not so obvious.

Conclusion

You need to carefully choose an apartment among a large housing market. Underwater stones are possible not only in technical condition, In the legal component of "cleanliness" of housing, what is purchased, as well as at any other stage of order purchase of an apartment in the secondary market.