How to buy an apartment without a re altor: step by step instructions, nuances and features

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

There is an opinion that it is impossible to buy a house without a re altor. In fact, this is not such a difficult task that everyone can handle. Yes, a real estate agent saves the client's time, but it is by no means a guarantee that the buyer will not have problems with the purchased property in the future. In addition, intermediary services are paid and can reach 10% of the transaction value, which at current real estate prices will result in a tidy sum.

Knowing a few rules and following the step-by-step instructions "How to buy an apartment without a re altor", you can buy a house in a relatively short time.

Preparatory stage

First of all, you need to correctly assess your financial capabilities. This question is very important, even if the person looking for housing is well off. The price of an apartment is reflected even in the cost of notary services, in the amount of tax that will have to be paid in the future.

Factors affecting price:

• building location;
• material from which the house is built(for example, panel objects are less valued than brick ones);
• availability of infrastructure;
• footage and layout of housing, although if we are talking about a new building, this question usually does not arise;
• availability of repair;
• floors of the whole house and the floor on which housing is sold;
• type of heating. With high tariffs, this factor has become of great importance.

There are more tips to avoid getting into trouble when buying an apartment. Be sure to analyze the supply and demand for similar properties. It is no secret that within the boundaries of a large city, the price of housing is many times higher than its cost. Therefore, there is a certain “run-up” of prices, and if they offer too cheap housing, then there are probably some problems with it. This may be a large debt on utility bills, the poor condition of intra-house communications, or problems with title documents. If it is not possible to determine the cause, then you can contact an independent expert and evaluate the property you like.

Resale or primary housing?

Primary market is real estate with no legal history, no one has ever taken ownership of it. The purchase is made directly from the developer. In most cases, this option for acquiring housing is much more profitable, of course, if you buy an apartment in a building that has been put into operation. It is in such a situation that the question should not arise of how to buy an apartment in a new building without a re altor. You only need to check the developer, and if everything is fine, then feel free to purchase housing.

But if you buy ready-made housing, you won't be able to save money. The object that is still under construction is cheaper. That is, an equity participation agreement is signed with the developer, and the future owner waits until the entire building is built and put into operation. Construction can drag on for years, so if you need housing urgently, you will have to stop at the secondary real estate market.

Resellers are real estate that has already been and is owned by someone. When purchasing such residential square meters, you should carefully analyze the title documents so that in the future you will not encounter the problem of the appearance of any relatives or children of the former owner.

Selection of options

Fortunately, when the Internet appeared, there were more opportunities to search for any goods. How to buy an apartment without a re altor? In the step-by-step instructions, the next step is to select the appropriate options.

You should start by choosing the area where the buyer wants to live. The future place of residence must meet all the requirements of the buyer, there must be a suitable infrastructure, transport interchange. Having picked up several options, you can start calling. Ads, both on the Internet and in newspapers, will be from owners and re altors.

View

Agree on viewing during the daytime, even if it is a weekend. You should not go to this event alone. Primarily,information is perceived more objectively if there is someone nearby. When a person, he is more emotional and can make a hasty and wrong decision.

Be sure to evaluate not only the apartment inside, but also the entrance. The house itself should not have cracks. Talk to your neighbors if possible. Walk around the area, see how close a school or preschool institution is, how long it will take to get to transport.

When you come to see a resale apartment, never take money with you.

If you are looking at an apartment on the top floor, then pay attention to whether there are any leaks on the ceiling and walls. A large number of carpets, especially on the walls, should lead to certain thoughts. The same applies to corner apartments. It is desirable that the house be fully insulated, in extreme cases, only the apartment that is being purchased. The apartment on the ground floor should not have a smell from the basement.

Check out the utility rooms, the pipes should be in good condition, the water pressure should be strong. Ideally, the home should not be more than 10 years old.

Confirmation of consent to purchase

This step of the step-by-step instruction "How to buy an apartment without a re altor" consists of two steps:

• checking documents;
• transfer of advance or deposit.

Checking documents

Verification of title documents should begin with a reconciliation of passport data and information specified in housing documents. Check legalcleanliness is also possible by contacting the local branch of Rosreestr. To do this, an extract from the register is requested, where information about the owner, relevant as of the date of issue, will be visible. It is recommended to contact the operating organization and ask them also for information regarding whether there are any debts for utilities. If there are any, especially the larger ones, this will significantly reduce the purchase price.

What documents should be requested from the landlord:

• extract from the register or certificate;
• passport;
• certificate, which is prepared before the sale;
• extract from the house register, extended.

Be sure to discuss with the owner that at the time of the sale of the housing were discharged.

Deposit

Deposit and advance are taken into account when paying for the apartment. The amount is set by agreement of the parties, depending on the cost of housing. But at the time of the transfer of the deposit between the parties, an agreement should already be reached at what price the alienation will be. You can get a receipt from the seller, conclude a deposit agreement or a preliminary sale and purchase agreement, in which you can fix the moment of transfer of money and the full cost of the transaction.

It is better to conclude a deposit agreement when buying secondary apartments in full compliance with all requirements of the civil code, namely to provide:

• if the seller, after receiving the money, continues to try to sell the property, he undertakes to return the deposit in double the amount;
• on failurebuyer from the transaction the deposit is non-refundable.

It will not be superfluous to contact a notary to confirm the seriousness of the parties' intentions. In a notary's office, you can certify a preliminary contract or an agreement on a deposit, or both.

Preparing for a deal

How to buy an apartment without a re altor? In the step-by-step instructions, the next step is to resolve the issue of payment: when it will be carried out, before registration of the transfer of ownership or after. It is more profitable for the buyer to pay after registering the rights to housing in Rosreestr; it eliminates the risks associated with losing money. The seller wants to receive funds before contacting the registration service, so as not to lose money and housing at the same time. Solving this problem is quite simple - concluding an agreement with a bank for the lease of a bank cell. Naturally, the service is paid, but this way each party has an additional guarantee, and the costs can be divided in half.

Deal execution and transfer of rights

Today, notarial completion of such transactions is optional. The transfer of ownership from the seller to the buyer should be registered in the register of real estate rights. Nevertheless, it is recommended to use the services of a notary office, especially if the buyer has not previously had such experience. Compared to real estate prices, the cost of notary services will not seem high. This specialist has a legal education and relevant experience. He will be able to competently draw up a contract, foresee the risks, inif necessary, confirm the fact of the transfer of funds and the legal capacity of individuals - participants in the transaction.

The execution of the purchase of an apartment is not limited to the conclusion of an agreement. Now you have to go to the registration office. Both parties must be present to register ownership. The following documents must be submitted:

• documents confirming the identity of both participants in the transaction;
• contract of sale;
• cadastral passport for housing;
• if the seller has children, then a document from the guardianship authorities will be required;
• if the seller and the buyer have spouses, then a notarized consent to the sale from him will be required, respectively, and to the acquisition, if the housing is not purchased in common shared ownership;
• receipt of payment of the state fee.

Before going to the registration department, it is better to clarify the full list of documents for buying an apartment.

Transfer of real estate and full settlement

Once the registration of the transfer of ownership is completed, the seller receives all the money from the safe deposit box.

The final stage is the transfer of the apartment to the new owner. By the way, the conditions for the transfer of the apartment and the terms must be stipulated in the contract. Often, the contract itself indicates the list of transferred property, it can be furniture, built-in appliances. If the list is large, then an act must be drawn up. This document is important for both the buyer and the seller. The buyer clearly understands what will be transferred to him along with the walls, and the seller - what fromhe will no longer be required to do anything, especially since it is useless. The main thing is not to forget to add that the parties have no claims against each other.

Residence permit

Resellers (apartment or house) can be registered at the place of arrival immediately after obtaining ownership.

What to watch out for

Due to the high cost of real estate in this market, there are a huge number of scammers and unscrupulous sellers who illegally obtain documents for housing, forge them and try to sell square meters as quickly as possible. Therefore, all documents, both establishing the right and confirming the identity, must be carefully checked. You should not “rush” to a price that is too low, even -10% of the average market value should alert you. Perhaps this is not an urgent sale due to leaving the country, but simply the seller is hiding some facts that may affect the transaction.

More nuances and features of buying an apartment:

• To avoid losing your deposit, enter into a preliminary contract with the seller, which does not allow him to look for new buyers after receiving the advance payment.
• Refuse the transaction if an authorized person acts instead of the owner, even if the power of attorney is drawn up in accordance with all the rules. It may turn out that the person who issued the power of attorney has already "left this world", then the transaction can easily be invalidated.
• Remember that a person in prison is en titled to a share inapartment, so the house book must be carefully studied, interviewed by neighbors, so that in a few years you will not meet a recidivist on the threshold of his apartment who has been released from prison and has nowhere to live.

In principle, the answer to the question of how to buy an apartment on your own should not arise. Most re altors themselves do not know what to do in some situations. This craft can be learned only by practice, but you don’t want to be a “guinea pig”, and even pay money for it. Therefore, if something is not clear, it is better to consult a lawyer. You yourself need to be vigilant and careful when checking documents and making a decision.