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 deeper and be guided by a cold calculation, as well as to check very carefully what is being sold to you. And first of all from the legal side.

Secondary 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 will be able to find out whether secondary real estate is connected with arrests, judicial illegal redevelopments, most importantly, who is registered in it and what rights these people have. By the way, if you decide to 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 necessary for the purchase of 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. Passport of the apartment owner.

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

See also: Power of attorney for the sale of an apartment.

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 planning is thought out and functional. It will also not be superfluous to get to know the neighbors in person and take a walk around the district. After all, you will have to live in one place for quite 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 from the house there are shops, schools, clinics and kindergartens.

See also: Taxes when buying an apartment.

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 execution of the agreement. 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 a housing option for you in a modern building with good communications and in a good area with rich infrastructure.
2. The lawyer will check all the registers for arrests, prohibitions, mortgages, etc., as well as the court register for the absence of disputes with the owners of the given property (as well as with the property itself) in the present and past, and will also advise you about the grounds for possible litigation in the future .

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