Inspection of the apartment before the purchase

Buying real estate is a fairly important issue for every person. It should be approached with all responsibility. Today there are various fraudulent schemes and unscrupulous sellers. That is why it is important to inspect the apartment and other real estate before buying. This is one of the services provided by our specialists – lawyers Prykhodko and Partners.

In this article, we will consider how to properly prepare for the purchase of real estate, in particular, how to inspect an apartment before buying it.

To begin with, we should note that the inspection of any real estate object should be approached comprehensively. This will protect you from various problems in the future.

What does the apartment inspection procedure involve before buying?

Before buying an apartment, we recommend conducting a comprehensive inspection of the real estate object. What does this procedure involve? The inspection consists in determining the safety of the future agreement and further use of the purchased property as a whole.

Important: the inspection can apply to the purchase of real estate on both the primary and secondary markets.

Let’s consider each of the options in more detail.

Inspection of the real estate object on the primary market

When inspecting an apartment on the primary market, we identify the risk of potential problems. Among the most common of them: freezing of construction, use of various fraudulent schemes, etc.

A comprehensive check in this case involves:

• Collection and analysis of information about contractors, the developer, the construction object

Our lawyers will check the registration documents, the existence of executive and judicial proceedings against persons directly related to the construction. A very important issue is the availability of all necessary licenses. Also, the question of how legal the construction is comes into the field of view of our lawyers. In addition, we will check the availability of rights to use the corresponding land plot.

• Analysis of contract terms and sales scheme

Our experts will analyze the extent to which the developer’s proposal complies with current legislation. Also taken into account:

• Conditions specified in investment contracts.
• Agreements on joint activities.
• Protection of the rights and interests of investors.
• Availability of all documents that allow construction to begin.

It is also established whether the legal entities involved in the construction have any debts, in particular, for the payment of taxes.

The above inspection is also relevant for the purchase of any other real estate.

Inspection of the real estate object on the secondary market

The main reason why we pay special attention when inspecting a real estate object on the secondary market is checking copies of title documents for the apartment. Among these documents:

• Technical passport.
• Contract of sale.
• Certificate of ownership.
• Information about registered family members.

Among the possible risks when buying an apartment on the secondary market: registration of minors or persons with limited working capacity in the apartment. In such cases, the contract of sale is possible only with the consent of the relevant guardianship and guardianship authorities.

Assistance of real estate lawyers

Therefore, the purchase of an apartment, like other real estate objects, should be carried out only after an inspection by professional lawyers. All you need to do is turn to our specialists for help.

Do you still have questions? We are waiting for a preliminary consultation! To calculate the cost of a pre-purchase apartment inspection, fill out the form below.