What to check when buying an apartment on the secondary market?

Buying an apartment is an event in which emotions are superfluous. It is better to hide them deep and be guided by cold calculation, and also check very carefully what they sell you. And first of all from the legal side.

Resale real estate has its own history, therefore, the most important thing to check when buying an apartment on the secondary market is the documents. So you can find out if the secondary property is connected with arrests, judicial illegal redevelopment, most importantly, who is registered in it and what rights these people have. By the way, if you decide quickly buy an apartment in Kyiv, we recommend contacting the best luxury real estate agency THE Capital. Even at the stage of making an advance, ask the seller for the following package of documents required to purchase an apartment:

1. Extract from the state register of rights to real estate.
2. Documents confirming ownership of real estate.
3. Extract from the house book.
4. The passport of the owner of the apartment.

This is a basic package of documents, which is quite enough if the apartment has one owner, there is no family and children. But practice shows that there are no simple real estate transactions. Each apartment on the secondary market is a unique case and requires a special approach. Do not entertain the illusion that you yourself know everything, but otherwise Google will help you figure it out. Unfortunately, it doesn't work that way. In addition to the basic package of documents, additional documents are also required, which relate to the family ties of the owner, as well as the protection of the property rights of minors and the disabled in Ukraine.

Buying an apartment on the secondary market: what to look for?

When you want to buy an apartment on the secondary market, you cannot do without checking its condition. You must be sure that all communications are working properly, its area corresponds to the one declared by the owner, the layout is thoughtful and functional. And also it will not be superfluous to personally get to know the neighbors and take a walk around the area. All the same, you have to live in one place for a long time. And so that you don’t have to regret your choice, take a walk around the area and find out how far shops, schools, clinics and kindergartens are from home.

Questions when buying an apartment on the secondary market arise both at the stage of choosing a future home, and in the process of negotiations and registration of the transaction. Therefore, people who save their time and nerves purposefully go to a specialist. A real estate expert and a lawyer can help you in such a case.

1. An expert can choose for you a housing option in a modern house with serviceable communications and in a good area with a rich infrastructure.
2. The lawyer will check all registers for arrests, bans, mortgages, etc., as well as the court register for the absence of disputes with the owners of this property (as well as the property itself) in the present and the past, and will also give you advice on the grounds for possible litigation in the future.

Before buying an apartment, you need to check everything. This process takes time and intensive work. And cooperation with professionals will help solve the housing problem as quickly and safely as possible. Subscribe to our updates real estate blog and get the latest publications from the real estate agency THE Capital.