2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
The capital's real estate market has been and remains the most dynamic and attractive. High demand for housing in Moscow remains in all segments, but in terms of liquidity, it is apartments that occupy the first places. In this regard, the question of how to buy an apartment in Moscow without risks and on the most favorable terms is relevant. The answer cannot be unambiguous, since an operation of this level requires taking into account many nuances that affect the format of the transaction, the procedure for drawing up a contract, the approach to choosing the object itself, etc.
Preparatory analysis
Before you sign the necessary documents and make settlements with the owner of the apartment, you need to find out a number of facts, the knowledge of which will make sure that the transaction is clean. First of all, this is the owner's trustworthiness: his sanity and competence are the basic basis, in accordance with which the purchase of an apartment is carried out. Documents in this case may be as follows:
- Donation agreement.
- Information about the owner's psycho-emotional state.
- Permit certificates (from children, relatives, other copyright holdersreal estate).
- Will.
At this stage, it is not so much important to determine the correctness of the immediate legal rights to the apartment, but to analyze possible indirect factors that in the future may become a reason for terminating the transaction.
Checking the apartment
At this stage of preliminary preparation for the transaction, it is important to assess how clean the property itself is in legal and technical terms. It is known that large flows of changing owners in megacities complicate the "biography" of housing. Therefore, any re altor, explaining how to buy an apartment in Moscow, advises to carefully check the information about the repairs, redevelopments and the state of communication networks.
In addition, title documents should be checked, including certificates from the passport office and BTI. There are cases when apartments being sold are pledged to credit institutions, so a thorough audit of the legal status of real estate will be useful. The same applies to the technical condition of the object: it is important not only to know how to buy an apartment in Moscow without legal risks, but also to receive it in the form in which the seller claims. Often, serious defects in repairs are discovered already during operation, so a comprehensive analysis is a necessary condition for preparing for a deal.
Checking the USRR statement
One of the main sources of reliable information, on the basis of which the buyer can independently verify the data on a particular object,is the state register (EGRP), which records the rights to real estate and transactions with it. Certificates are issued even without informing the owner from whom the purchase of an apartment is planned. Documents from the USRR are official and contain information about the owner of the apartment. Also from the extract you can find out the legal grounds on which the seller became the owner of the property.
Deal processing
The procedure in terms of processing purchase documents can be divided into two parts: fixing the payment settlement and drawing up the contract. Payment is recommended to be made in a non-cash format. In cases where housing is purchased from individuals, the calculations made are confirmed by both an act and a receipt, in which all data on the financial transaction are noted, that is, who transferred money to whom and how much.
The second part is perceived by most citizens as the execution of a contract by a notary. Unfortunately, this is not a completely correct understanding of how to buy an apartment in Moscow without the risk of legal problems in the future. In fact, the purchase transaction can be fixed in the usual written form, but it must be certified in the capital's Rosreestr. And only then, in addition to the contract, notarial certificates and an extract from the house register are submitted.
Resale and new building: buying features
Both options involve certain risks when making a deal. If you plan to buy a second home, then special attention should be paid to the legalobject history. The older the house, the more likely the property has had a large number of owners, so the current status of the property should be analyzed in detail.
It's not so simple with apartments in new buildings. Those wishing to become the owner of real estate, having issued the rights of a participant in shared construction, must initially ascertain the reliability of the developer. The mandatory list of documents that the buyer needs to familiarize with includes a construction permit, property rights to the site, and a project declaration. Despite all the disadvantages and risks of cooperation with developers who have not completed construction at the time of the transaction, buying an apartment in a new building has two significant advantages: the price of such objects is on average 25% lower, and the history of housing operation is completely clean.
Purchase without start-up capital
The first thing people who do not have enough money to buy a home think about is mortgage loans. Unfortunately, there are no loans without down payments in their pure form today. Most of the programs are focused on securing existing real estate in the form of collateral, but even here there are some nuances. For example, buying an apartment with a mortgage is usually impossible without a stable income and a clean credit history.
In some cases, families can use maternity capital. Assistance from state banks becomes a good and reliable help in improving housing conditions, but the purchaser of the apartment himself will have to invest up to 15% ofobject value.
Installment plan can also become an alternative to a mortgage. Today, this purchase option is more related to marketers' tools than to banking services, however, in the Moscow real estate market, it is quite realistic to get a six-month installment plan on the terms of paying 50% of the cost. Of course, buying an apartment on a mortgage involves much longer payment terms, but the package of documents for obtaining a loan is more extensive.
If we compare the programs by interest rates, the installments will be less attractive. So, if the term of full payment is provided for less than 10 years, then the amount of additional investment may exceed 15%. In the case of mortgages, interest rates are much more favorable.
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