As a rule, buying an apartment or any other real estate object is associated with certain financial risks. Therefore, before making a sale and purchase transaction, you should not only inspect the apartment visually, but also check its legal purity.
When buying an apartment, most people prefer to use the services of professional realtors. However, it is extremely important to study the "pedigree" of the apartment yourself by checking all the relevant documentation.
Documentation
Before buying an apartment or house, you must have access to the originals of all documents that establish the seller's ownership. It is important that the documents are in perfect condition, without any visible corrections. If any corrections on the documents are still present, they must be notarized. Especially carefully you need to check the documentation in the event that the owner of the apartment is in too much of a hurry to sell it.
When making a deal, you should make sure that the seller is legally competent. So, the transaction of buying and selling an apartment or any other real estate may be invalid if the seller is incapacitated, partially incapacitated, or a person who is not able to think adequately when registering it.
Also, studying all the legal "ins and outs", it is necessary to take into account the entries in the seller's passport concerning his marriage. According to the law, if the apartment was purchased during the marriage, then it is the property of both spouses. Such an apartment can be sold only with the consent of each of the co-owners.
When checking the documents provided by the owner of the apartment, you should also pay attention to the entries in the house book. So, a deal may be invalidated if, in addition to the owners themselves, imperfect children are registered in the apartment. The law protects the rights of minors, so this nuance is one of the most important when buying real estate.
Visual inspection of the apartment
If, with regard to the legal side of the sale and purchase transaction, all the necessary formalities have been met, it is necessary to visually inspect not only the apartment, but also the house in which it is located. If cracks are found on the building, then you should figure out who will finance its renovation. It should be borne in mind right away that house renovation at the expense of its residents always costs a pretty penny.
You also need to pay attention to the condition of the elevators in the house and the basement, in which, as a rule, all communications are located. If the basement is damp and a lot of mold, this means that the water supply system is in poor condition and in the near future there may be problems with the presence of hot or cold water.
