How to prevent being scammed when buying an apartment?

If you intend to buy an apartment and move in immediately, purchasing an apartment in the secondary market is the most suitable and convenient option. However, it involves certain risks that you should be aware of before signing the contract.

Check out possible risks and protect yourself from problems in the future!

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Get all information about an apartment

It is necessary to get information about the technical condition of the whole house and the apartment in particular. This information includes the year of construction, materials, state structures and ceilings, utilities, wiring, sanitary condition of the entrance and adjacent territories. Besides, try to find out some information about the neighbors.

Then you need to check the actual layout of the apartment with the Bureau of Technical Inventory documents.

Check the seller’s documents proving their ownership of the property

The owner must have the document confirming his ownership of the property.

It is necessary to verify the authenticity of such documents by checking for signs of forgery, i.e. erasures, write-overs or other content changes.

It is also important to pay attention to the terms of contracts. After all, the previous and the current owners of apartments could fix some contract term you would have to obey.

Investigate the history of the apartment

Ask the seller for the extract from the Unified State Register of rights to immovable property and transactions involving this property. This document contains the entire history of the apartment.

Analyze the extract paying particular attention to how often the apartment has been recently resold.
  The frequency of transactions within a short period of time may be indicative of certain legal problems.

Check the identity of the apartment’s seller

You must check the authenticity of his passport at the very start. If the contract is signed under power of attorney, this document must necessarily be notarized.

The capacity of the seller is also an important issue. Even if the person looks completely normal and sane, it is always better to be on the safe side.

Check the rights of the third parties

In order to check the rights of the third parties, ask the seller to provide you with an extended excerpt from the house register. This way you can find information about those who are registered in the apartment as their place of residence and whether or not that right is retained after the apartment sale.

 

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