Buying an apartment from a developer – legal assistance

Traditionally, real estate is the most popular investment area in Ukraine. For example, buying an apartment from a developer is always a fairly liquid asset that constantly increases in value. At the same time, it is no secret that almost all real estate purchase and sale agreements are accompanied by significant risks. Therefore, it is very important to immediately assess all the risks of purchasing real estate. Especially if you plan to buy an apartment from a developer. It is better to immediately enlist the help of professional lawyers. Support of real estate transactions is one of the areas of activity of the specialists of our legal office Prykhodko and Partners.

What should be considered when buying an apartment from a developer?

When buying a home on the secondary market, checking the ownership history is not a problem for a professional lawyer. Regarding the purchase of an apartment from a developer, the first thing we pay attention to is checking the legality of the actions of the developer and the developer.

Despite the full-scale war, buying apartments in new buildings remains relevant. Especially popular is the purchase of real estate that is still under construction. On the one hand, this is a fairly profitable investment, but on the other hand, there is a very high risk of losing the invested money due to, for example, the illegality of the construction process.

Where should I go when buying an apartment from a developer?

The support of a lawyer in the process of buying an apartment from a developer consists of the following elements:

• Checking the builder's reputation

We will check, in particular, the following information: the presence/absence of court fees, the number of real estate objects built and put into operation, reviews about the builder and developer, etc.

• Analysis of the contract

Our lawyers will analyze the sales contract for the presence of certain risks in it.

When buying a residential area from the developer, the client is offered a typical contract form. In most cases, the company's lawyer handles the preparation of the document. At the same time, his main task is to fully ensure the interests of the developer, in particular, protection against the claims of the buyer. Often, agreements provide for a long investment period, and therefore, such a factor as inflation must be taken into account. Thanks to professional legal support, you can evaluate not only the contract, but also the company itself. At this stage, it is still possible to correct its content to achieve the desired result - 100% protection of the buyer's interests.

• Inspection of the land plot

First of all, we will check whether the purpose of the land plot corresponds to the construction of the specified real estate object.

• Verification of documents

Lawyers Prykhodko and Partners will check the availability of the entire package of permit documentation for the real estate object. We pay particular attention to the compliance of the actual and technical characteristics of the apartment with those specified in the available documentation.

In addition, if necessary, our lawyers provide full support for negotiations with representatives of the developer company to resolve existing disputed issues.

Thus, before buying an apartment from a developer, it is necessary to enlist the support of professional lawyers. We have the necessary practice of analyzing all the documents that accompany the purchase of real estate on the primary market. Our lawyers will help you soberly assess all the terms of the contract related to the purchase of real estate.

Do you still have questions? We are waiting for a preliminary consultation! To calculate the cost of a lawyer's services in support of real estate transactions, fill out the form below.