The purchase of housing is an important procedure for each person, so it is important to figure out where to start buying an apartment, what to look for, and also what pitfalls you may encounter when concluding this transaction. It should be decided in advance whether the apartment offered on the primary or secondary market will be selected, whether a realtor will be involved, and also how much will be spent on real estate.
What to look for?
Each person planning a home purchase is thinking about where to start buying an apartment. Initially, it is recommended to determine what basic characteristics a property should possess. The following parameters are most often taken into account:
- the location of the object, as the apartment should be in an area that is acceptable and interesting for future residents;
- the presence of a balcony or loggia;
- infrastructure development, since there should be stops, shops, clinics, child care facilities or other important facilities near the house;
- finish quality;
- size and location of parking;
- the presence of a playground in front of the house.
Each buyer must determine these characteristics in advance, which will make it possible to decide in advance which apartment options will not be acceptable to him. Even in the smallest city there are many offers of apartments, so you can choose the option that will meet all the requirements of the buyer.
Property Acquisition Procedure
Where to start buying an apartment in Moscow? The procedure is almost the same for any region, since in any case it is divided into certain successive stages. Therefore, to purchase a home you need to implement the following actions:
- The main characteristics that the apartment must comply with are identified. For this, its location, area and other parameters are taken into account. It is decided whether the property will be in the primary or secondary market. It is determined whether a quality repair is necessary or whether the buyer will carry out repair work on their own.
- The maximum amount for the purchase of housing is determined. It takes into account the presence of additional costs associated with paperwork, remuneration of a realtor, the purchase of furniture and other expenses. It is not recommended to focus on the most inexpensive apartments, as they usually do not have a very attractive location, and are also located in old houses.
- The source of funds is selected. They can be used exclusively for acquiring their own savings, but you can additionally take advantage of bank extensions and apply for a mortgage. Where to start buying an apartment in a mortgage? For this, it is important to determine how much will be borrowed from the bank, as well as which organization the buyer will cooperate with.
- Decides how the search for housing will be carried out. To do this, you can perform all the actions yourself, using different newspapers or portals with free ads, and you can also use the help of experienced realtors. Some buyers place ads on their own in different media, so that it is the property owners who offer them different options for the acquisition.
- Inspection of housing. After finding several apartments, you should conduct a thorough inspection to determine which option will be ideal for the buyer.Even if the very first apartment suits the citizen with its parameters and price, it is not advisable to immediately conclude a contract, since it is advisable to look at several options.
- Direct execution of the transaction. The procedure can be performed independently, but it is important to correctly prepare all the documentation for these purposes. You should make sure that the apartment has one owner, and also there are no citizens applying for this housing. All documents held by the seller must be official and contain relevant information. The housing purchase procedure involves the execution of a contract of sale and a deed of transfer. Further, the purchased apartment is registered at the buyer in Rosreestra.
Thus, if you figure out where to start buying an apartment and what actions are being taken to do this, you do not need to use the help of intermediaries or lawyers. But at the same time, there is a chance to run into scammers.
Primary or secondary?
Most often, people who want to buy an apartment are faced with the question of whether it will be selected in the primary or secondary market. Each option has both pros and cons, so you should evaluate the parameters of any solution.
If a new building is selected, then the apartment is in a new house, therefore, an agreement is drawn up with the developer. You can be sure of the legal purity of the transaction. But you will have to spend money on housing repairs. There is always the possibility that the construction of the facility will be frozen.
Where to start buying an apartment? For this, it is initially important to decide whether the apartment will be in the secondary or primary market. New buildings are sold by the developer, and in the secondary market, sellers are past owners. In the second case, you may encounter a lack of the necessary documents, scammers, or other problems, so you often need to use the help of professionals.
How to estimate the cost of housing?
Each person wants to purchase an object at a really favorable cost. Therefore, the cost of housing should be estimated in advance. To do this, you can use the help of independent appraisers or independently determine the price of the apartment. Different factors are taken into account:
- area of the object;
- existing repair;
- the presence of furniture, plumbing and household appliances;
- location and other parameters of the apartment;
- the cost of objects located next to the selected property.
It is optimal to take advantage of the help of experienced realtors who can tell if the available cost is too high.
The nuances of buying an object from the developer
Most often, citizens prefer to buy new apartments. This is due to the fact that the housing is in a new house, and also no one lived in it before. You can make repairs that perfectly match the desires and requirements of future residents. But it’s important to figure out where to start buying an apartment in a new building. The main features of this process include:
- to minimize the risk of losses and suspension of construction, you should carefully study the documents belonging to the developer to ensure his honesty, responsibility and long term of work;
- previously, the company should have already leased several houses;
- the company must have a permit for the construction and connection of the building to utilities;
- if the house has not yet been completed, then the DDU will certainly be drawn up, since only with this document, buyers are protected by law on the basis of Federal Law No. 218;
- if the house is not completed by the deadline, then all interest holders can demand from the developer payment of a penalty, the amount of which depends on the duration of the delay and the cost of apartments.
Typically, large developers independently help equity holders to draw up a contract and register a transaction.They cooperate with different banks, allowing them to use borrowed funds to purchase housing. Where to start buying an apartment in a new building in a mortgage? Initially, you should decide on housing, so the optimal object is selected, after which it is decided which bank will receive the mortgage loan.
The specifics of the purchase from the owner
Some people prefer to choose apartments in the secondary market. Where to start buying an apartment? Resellers are presented in every city in numerous variants, so the choice is considered really great, but at the same time, buyers should take into account some pitfalls, due to which such an acquisition can be dangerous. Therefore, you should remember the following nuances:
- the contract of sale is concluded with the direct owner, and it is not required to use the help of third parties or realtors for this;
- the seller may be several owners who must agree to carry out this transaction;
- all housing documents must be carefully checked beforehand so that there is no opportunity to challenge the deal in the future;
- transfer of rights is registered officially, for which you can contact the Rosreestr or the MFC;
- by communicating directly with the owner, the buyer has the opportunity to bargain;
- Real estate documentation must be prepared in advance by the seller;
- if the buyer does not have knowledge on how to correctly receive the received paper, then it is advisable to use the help of experienced lawyers.
Therefore, each buyer should know where to start buying an apartment. Resellers are distinguished by the fact that earlier citizens were registered in it, so all of them must be written out before the transaction is concluded. Otherwise, you will have to face the need to forcibly discharge people.
When is it advisable to use the help of realtors?
If you plan to buy an apartment in a new building, where to start the procedure? For this, a developer is selected who is responsible and verified. Often it is simply impossible to find information about a construction company on your own, so it is advisable to contact realtors.
The purchase of secondary housing is often accompanied by the need to use the help of professionals to verify the legal purity of the transaction.
If you turn to a realtor, you can use various services and offers:
- the specialist will independently choose the best option for the purchase, focusing on the requirements and desires of the client;
- full transaction support is provided, therefore, a realtor prepares and studies all the documents necessary for buying a home;
- through experience, the realtor knows exactly what to look for when buying an object;
- large companies already have a real estate base in which a suitable apartment can be chosen;
A certain amount of funds will have to be paid for the services of a specialist, and usually the payment depends on the value of the object. There is always a chance that funds will be given to the fraudster. Therefore, if you independently figure out where to start making an apartment purchase, then you do not need to use the services of intermediaries.
How to check the apartment?
Before purchasing any property, you should make sure that the transaction is legal. To do this, all documents received from the seller are checked. Where to start buying an apartment? To do this, the following are requested from the seller of the paper:
- title papers;
- extract from the USRN, which lists all the owners of the object and the available encumbrances on real estate;
- if a proxy deals with the sale, then he must have a power of attorney certified by a notary, and even in this case it is necessary to meet with the owner to make sure that he really wants to sell the apartment;
- a certificate is requested from the house book containing information about how many people are registered in real estate, since you should not make a deal if there are third parties registered in the property, since in the future there may be difficulties with their eviction;
- make sure that the wills of the owners do not list the apartment;
- the technical plan and passport are being studied, since it is important to check whether illegal redevelopment by the former owners has been carried out;
- a certificate is requested from the Criminal Code, confirming the absence of debts for utilities;
- if housing was bought in a cooperative, then the owners must have a certificate confirming the full payment of the share;
- if the owner is officially married, then he must have written consent to sell the property from his spouse;
- if the owner is a minor, then there must be permission to sell from parents and guardianship authorities.
Additionally, other documents may be requested. Therefore, everyone should know where to start buying an apartment. Resellers are dangerous because there is a high probability of encountering scammers. Therefore, it is important to carefully check all the documents available to the seller.
When buying an apartment, when do they begin to charge a rent? If you buy a resale, you should make sure that past tenants paid for the services, and after the transaction is concluded, the obligation to pay the funds passes to the new owner. If housing is purchased in a new building, then the rent is charged from the moment of conclusion of the contract with resource companies, and this process is carried out by the developers themselves.
How to buy at your own expense?
If the buyer has the necessary funds to buy a home, then this is considered an ideal option, since it is not required to use borrowed money. Where to start buying an apartment? Paperwork for real estate and the preparation of the right amount of money are the first stages of the process.
If you plan to use the available amount of funds, then the transfer of money can be performed in different ways:
- application of a bank cell;
- cash transfer against receipt;
- transferring funds by wire transfer to the seller’s account with a bank, which allows you to receive a bank statement and confirm payment for the apartment;
- using the help of a notary public who transfers money to the seller only after all the documents are ready.
The most commonly used cells are in the bank or money transfers to the seller’s account.
How to buy housing in a mortgage?
Often, citizens simply do not have their own funds for the planned acquisition of real estate, so they have a question, where to start buying an apartment in a mortgage. When using borrowed funds of the bank, the following nuances are taken into account:
- an exclusively solvent citizen with a good credit history and the absence of other large loans can become a borrower;
- a minimum initial capital of 10% to 20% of the value of the selected apartment is required;
- mortgage rate can vary from 8 to 17 percent;
- through the use of such a loan, you can buy real estate without having the right amount of money for these purposes;
- it is important to correctly choose a banking institution that offers the best conditions for borrowers, and it is rational to contact a bank where a citizen is a payroll client.
You can submit several applications to different banks at once, so that after obtaining approval, choose the most optimal loan option. If new housing is bought, the developer must cooperate with the selected bank. If you choose an apartment in the secondary market, the seller must agree with the mortgage.
Conclusion
Purchasing a home is a complicated process, so every buyer should know where to start. After buying an apartment, you can get a property deduction.If you are using a mortgage to purchase, you will have to make timely payments to repay the loan, because if there are delinquencies, the citizen may lose housing.
Before buying an object, it is important to determine its main parameters, as well as decide whether it will be in the primary or secondary market. It is possible to use for these purposes exclusively own savings or borrow funds of the bank. The whole procedure should be performed in the correct sequence of actions, for which you can use the help of realtors.