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.
