What is meant by primary and secondary real estate?
Primary residential space refers to properties in a new building that is under construction or in a building that has just been put into operation. This is real estate that is being sold for the first time and has not had a previous owner.
In turn, secondary square meters have been previously used, i.e., they have had an owner. Such living space is usually ready for occupancy, but may bring surprises in the form of unexpected claimants to the property. But regardless of which apartment you are buying, it is important to pay attention to the documentary part of the transaction.
Sequence of real estate purchase
Go to the real estate website dom.ria with a large number of listings. Discard offers where a one-room apartment does not fit the location of the building. This will significantly narrow down the search. Remember that listings are posted by both owners and real estate agencies. In the latter case, you need to be prepared for additional costs for intermediary services. Then proceed according to this plan: contact the owner; discuss the terms of purchase; arrange a meeting to inspect the property; sign a contract; be prepared to pay a deposit.
What documents are needed when buying a home?
The standard list of documents when buying a privatized apartment that the owner must provide includes: the seller's passport; documents confirming ownership of the apartment; an extract from the house register; certificates from a psychoneurological and narcological dispensary confirming that the seller is not registered there; certificates of no debts on utility bills.
This list may change depending on the nuances of the transaction, for example: if a minor is a co-owner of the apartment, a permit from the guardianship authorities must be obtained; if the apartment was purchased by the owner during marriage, the spouse's notarized consent to the sale is required; if the apartment came to the owner by inheritance, it is worth finding out who else may be an heir to the living space; if the property was transferred to the owner under a disposal agreement, a certificate is needed that all taxes have been paid in accordance with the law.
Main risks
The main risk associated with buying privatized real estate is the possibility of losing rights to the purchased home. In addition, the new owner may face problems caused by the complex legal history of the property. That is why buyers should be especially careful and thoroughly check all documents. Possible risks when buying a privatized apartment: there are other owners of the property whose consent to the sale was not obtained; the rights of minor residents have been violated, there is no permit documentation from the guardianship authorities; there are persons in the apartment who have retained the right to live after the change of owner; the privatization rules have been violated; the seller has been declared legally incompetent.
How to protect yourself from problems?
To protect yourself from risks when buying privatized apartments, you must check: the legal history of the apartment being sold; the number of registered residents, paying special attention to temporarily deregistered residents; the seller's passport – validity period, authenticity of records; the presence of debts or encumbrances; the consent of the legal spouse or other owners to the sale of the property; the title documents for the apartment.
Positive and negative qualities of a secondary apartment
The range of housing on the secondary Ukrainian market is many times greater than the offers from developers. At the same time, old buildings are located in different areas of the city, which significantly expands the buyer's options. In addition, secondary living space has the following advantages:
High development of household infrastructure. Typically, secondary housing is located in established areas with shops, clinics, and educational institutions.
Move-in after paperwork. Given that secondary housing usually already has renovations, the new owner has the opportunity to move into the purchased apartment quickly.
Possible negotiation. If you work directly with the apartment owner, you can always get a small discount.
However, you need to understand that secondary housing is not new, so all utilities may be worn out. Also, you do not know who you will have to live with on the same stairwell. In addition, you could buy living space in a dilapidated building. Therefore, before choosing an apartment, weigh all the advantages and disadvantages of different options.
PR