Making a contract through a real estate agency, even recommended by a good friend or even a relative, do not be lazy to make inquiries about it via the Internet, including in various real estate forums.
There were cases when a client was deceived by representatives of a bureau organized by criminals, which, after concluding a series of dishonest transactions, ceased its activities or relocated to another area under a new name. Firms are also created for processing a single transaction, after which they disappear. As a rule, this does not happen with member firms of professional real estate organizations and associations, and companies operating in the real estate market for more than 5 years.
In no case do not leave your passport and certificate of ownership of the apartment (other property). When making a purchase and sale of an apartment, a low price is often indicated in the contract (to reduce taxation). After receiving the entire amount, the sellers often find a way to terminate the transaction and return the amount specified in the contract. To get all the money back from them is almost impossible.
Simultaneously with the presentation of money, you should borrow and master the purchased apartment, changing the lock. It is also necessary to ensure the discharge of all tenants from the acquired living space (of course, before the transfer of money). The dishonest seller in this case will not be able to commit it.
Both the seller and the buyer (depending on the degree of honesty of the partner) may be left without money. Partners, as it were, are forced to treat each other with suspicion. The money should be transferred in advance (for storage) to the bank (and the conditions for transferring money signed by the parties are transferred here).
When calculating, it is more expedient to use not a cash, but a bank current account. The transfer (receipt) of cash must be made against a receipt in the presence of relatives, acquaintances, who later will be able to testify in court. The originals of the privatization documents must be kept by the owners until the moment of completion of the transaction. It is also necessary to check whether the seller has paid for utilities, including the telephone subscription fee.
When buying an apartment on credit with the right to rent it, carefully calculate your options. Otherwise, there is a risk of becoming a payer of interest: 1% of the debt for each day of delay. Failure to pay may lead to termination of the lease and “confiscations” of the down payment.