How to choose an apartment on the secondary market: top 5 criteria for finding the perfect home

Secondary marketresidential real estate - a sphere where objects that have already had owners are sold. This area enjoys wide popularity among people wishing to purchase housing. This is due to the large selection of options, the possibility of rapid move-in, affordable pricing, availability of developed infrastructure, etc. The main risk of acquiring such an apartment can be called probable legal difficulties. Below we will consider how to choose a good apartment in the secondary market.

Top 5 signs of a safe deal

Before listing the top qualities of a safe deal, it's worth mentioning that when buying asecondary housing,It is recommended that you contact a professional. An experienced realtor will check the history of the apartment and protect you from scammers.

1. The owner has all required documentation for the apartment.

The owner of an apartment is obliged to have originals of all documents, including documents of title. Very often, scammers provide only the documentation they have managed to obtain. Therefore, the demand to show additional documents may cause aggression.

2. The owner is personally selling the property.

When it's scheduledsecond hand purchaseIf the sale is through a trustee, you need to know the reasons why the transaction is in this format. If the sale is done through a trusted person, it is necessary to find out the reasons why the transaction takes place in this format.

3. Multiple owners are involved in the transaction.

Some people believe that it is better if the transaction involves a single owner. However, scammers often make fake documentation for 1 person (it is easier and cheaper). When more than one person owns the property, it is a good sign, increasing the chances that the property is okay.

4. The owner is not seeking to sell the apartment urgently.

Life situations are different, sometimes money is needed as quickly as possible, so the seller does everything possible tosecondary market apartmentwas realized urgently. It is important for the buyer to know the rationale behind such a rush, as it limits the timeframe for inspecting the property.

5. A realtor is involved in the transaction.

An experienced professional is a real guarantee of safety. A professional will check all the nuances and recommend how to act in different situations. Fraudsters avoid working with agents.