Security of a transaction in the real estate market: what factors should be taken into account

Real estate marketrequires strict adherence to safety rules. Failure to comply with them can lead to the loss of both money and housing. To secure the transaction, you need to be able to analyze the probability of risks and minimize them.

Basic rules of safety in the real estate market

There can be quite a few risks. The latter also depend on who you are - seller, buyer, landlord, tenant. The market where residential orcommercial real estateis especially dangerous for buyers.

Since the safety rules for the secondary and primary markets differ significantly, let's take a closer look at them.

Secondary market - safety rules

So how is it realizedresidential propertyIn the case of a property to which someone else's rights have already been registered, the security of the transaction is determined by many factors. First of all, these rights may be several.

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2 Bedrooms

1 Bathroom

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Turkey,Both

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Sale flat in Both with mountain view 154 375,00 $

Turkey,Both

1 Bedroom

1 Bathroom

55 м²

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2 Bathrooms

130 м²

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1 Bathroom

41 м²

They may also be encumbered (without the permission of the encumbrancer any actions with the property are prohibited).

When buying a home in the secondary market, you need to thoroughly check the history of the house or apartment, identity of the owner, availability of all documentation, etc. If you are planning an event such asreal estate purchasethe following things should alert you:

the transaction is carried out by power of attorney with a person without any relation to the house, apartment;
The owner wishes to sell the home immediately after purchase.

It is also suspicious when a property has changed several owners in a short period of time.

How to secure a deal in the primary market

The purchase of housing at the construction stage involves investment, so the risks are many times higher than in the case of the secondary market. The buyer should carefully check the developer carrying out such procedures asreal estate sale.

The developer shall provide:

land records;
building permit and declaration of commencement;
technical conditions for connection of communications, etc.

When you have read all of the requested documents, you can move on to the contract.

If you are not confident in your abilities, it is better to leave the inspection and communication with the developer to experienced professionals. By the way, if the plan is not to buy, but toreal estate rentalIt is also worth contacting a competent specialist. There are a lot of scammers on the market, so you will protect yourself from losing your finances.